Welcome to the Money in a Minute, your one-stop-shop for the best new personal finance products on the market.
This week we look at two new savings accounts from BM Savings and AA, and two new mortgages from Leeds Building Society and HSBC.
As usual, products are broken up into technical details and impartial product analysis, so you can be sure the information is 100% reliable.
This five-year fixed ISA from BM Savings is the second highest rate for a five-year fixed ISA. Savers looking to invest in this product should be aware that any early withdrawals will result in an interest penalty of 365 days' loss of interest.
AA continues to offer a competitive two-year fixed account paying 3.70%, one of the top five paying accounts in this sector. Savers will find the low deposit requirement and appeal of further additions attractive. Customers must be aware that as with many fixed rate accounts, early access will result in a loss of interest, 180 days' loss in this case.
Find the best savings rates for you - Compare savings accounts
Leeds Building Society
The ten-year fixed rate deal from Leeds Building Society offers a market-leading rate of 4.58% for borrowers with deposits of 25% or over. With the lowest rate on offer when fixing for a decade, the deal will appeal to borrowers who are looking to fix over a long term period.
This latest offering from HSBC provides a competitive discounted variable rate deal for borrowers who can place a 40% deposit. If customers can raise the capital required, they will be able to take advantage of this low rate of 2.49% for two years, the lowest variable rate available over this period with a fee.
Find the best mortgage rate - Compare best selling mortgages
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.