This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings, mortgage and personal loan markets.
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.
This review by Santander sees its popular internet-operated account improve its position within the market. The higher rate of 3.10% has been achieved by way of an increase to the bonus, leaving the underlying rate unchanged. It is now far more competitive, raising its position within its sector to sit just below the market leaders. A review will be required after 12 months when the bonus expires.
A review of its variable rates sees SAGA leaving the headline rates unchanged at 2.75%, however the underlying rate has reduced by 1.25% to 0.50%. At 2.75%, these accounts remain highly competitive within the over 50's market. Customers looking for flexibility will be pleased that funds can be accessed without advance notice or penalty.
The new two-year fixed deal at 3.09% to 30 September 2013 should attract customers with a deposit of at least 25% of the property value. As well as a good rate, the product also offers a host of flexible features including overpayments, underpayments and payment holidays.
Marks & Spencer Money
Another reduction to its loan for borrowing tiers of between £7,500 and £15,000 strengthens Marks & Spencer Money's position in the personal loan market. The option to borrow from one to seven years adds an extra feature to the loan, although applicants must be aged 30 or over or a homeowner to be eligible and rates are still dependent on individual credit ratings.
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 Any products featured may be withdrawn by their provider or changed at any time.
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