This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings and mortgage market.
The products featured have been handpicked by the impartial research team here at Moneyfacts.co.uk, so you can be sure they are all up there with the best deals in their respective fields.
To make sure you fully understand the products, we outline the technical details behind the plans before giving you our invaluable and insightful analysis.
Following a rate increase of 0.40%, the 95 Notice account from Shawbrook Bank pays a very competitive annual rate of 3.35%. Savers can invest between £1,000 and £500,000. As the name implies, ninety-five days' advance notice is required to access funds and early access is not allowed. The account is available to savers aged 18 and over and can be operated in branch or by post.
This latest review by Shawbrook Bank has seen the 95 day notice account increase to a market-leading rate of 3.35%. Whilst this new rate is highly appealing, savers must be prepared to give plenty of notice should they wish to access their money.
A new 1 Year Fixed Term Deposit account has been launched paying a rate of 3.55% upon maturity. Savers can invest a minimum of £25,000. Further additions and early access to funds is not allowed. The account is available to investors aged 16 and over and can be operated by post, telephone or online.
Investec Bank has entered the highly competitive fixed rate bond market with the launch of this new one year deal. Paying a decent rate of 3.55% it falls amongst the current market leaders in this sector. As is common in the fixed rate market, early access to funds is not permitted, so savers must be willing to lock funds away for the full term.
Yorkshire Building Society's mortgage range has seen amendments to selected rates. The latest two year fixed offset deal offers borrowers a rate of 3.09% to 28.2.14. The maximum loan-to-value is 75% and customers can borrow up to £5 million. A fee of £995 is payable.
Despite a rate increase to its two year fixed deal, a decent rate of 3.09% to 28.2.14 is still offered to purchase and remortgage borrowers. As well as being an offset product, customers have plenty of flexibility with repayments including the options to make overpayments, underpayments and take payment holidays.
Market Harborough Building Society has launched a new two year fixed rate mortgage offering 3.20% to 28.2.14. The maximum loan-to-value is 80% and customers can borrow between £50,000 and £350,000. A fee of £495 is payable. Purchase borrowers are offered the incentives of refunds of the valuation fees and Accident, Sickness and Unemployment insurance, while remortgage borrowers will receive free legal fees. This product also has a variety of flexible features.
This latest two year fixed mortgage deal offers a competitive rate of 3.20% to borrowers with a deposit of 20% or more. A reasonable fee, generous incentives and a host of flexible features such as overpayments, underpayments and payment holidays help to boost this deal's overall appeal.
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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.
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