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Money in a Minute

Money in a Minute

Category: Money

Updated: 31/05/2012
First Published: 31/05/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
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.

Savings

Leeds Building Society - Product details

Leeds Building Society has launched a new issue of its Unlimited Access No Notice Account paying a competitive variable rate of 2.75%, which is one of the market-leading no notice accounts without a bonus. Savers can invest from £1,000 to £1 million. Further additions are permitted whilst the issue remains open. The account is available to investors aged 18 and over and can be operated online and by post.

Moneyfacts.co.uk analysis

This latest issue offers a highly competitive rate of 2.75% in the no notice account sector without a bonus. The account offers unlimited withdrawals and further additions while the issue remains open, which should further expand its appeal.

Secure Trust Bank - Product details

Secure Trust Bank's fixed range review sees the launch of a five-year fixed account paying 4.45%, a market leader in this sector. The account is available to savers with deposits between £1,000 and £1 million. Withdrawals and further additions are not permitted. The account is available to savers aged 18 and over and can be operated by telephone or via branch.

Moneyfacts.co.uk analysis

With the launch of its new fixed rate range, Secure Trust Bank sits comfortably top of the tree with a rate of 4.45% over a five-year period. Consumers need to be aware that as with most fixed rate accounts, earlier access and further additions are not permitted and they will need to lock their money away for the full term.

Mortgages

The Co-operative Bank - Product details

The Co-operative Bank has launched a new fixed rate mortgage at 4.39% to 31.8.17. The maximum loan to value is 85% and customers can borrow from £5,000. A fee of £999 is payable and incentives of a free valuation and free legal fees are offered to remortgage borrowers. The deal offers customers the opportunity to make repayments of up to 10% of the mortgage advance.

Moneyfacts.co.uk analysis

This five year fixed deal offers borrowers with deposits of 15% or more a decent rate of 4.39% to 31.8.17. Whilst available to all borrowers, this deal should be appealing to remortgage customers due to its host of generous incentives to keep initial costs down.

Woolwich from Barclays - Product details

This latest fixed rate mortgage launched by Woolwich from Barclays offers a rate of 2.99% to 30.9.14. The product has a maximum loan-to-value of 65% and customers can borrow between £5,000 and £1 million. A £1,999 fee is payable and remortgage customers can benefit from the incentives of a free valuation and free legal fees or a £200 rebate.

Moneyfacts.co.uk analysis

Following a review of its mortgage range, this new two year deal offers a competitive rate of 2.99% to borrowers with deposits of 35% or more. In addition the product comes with an attractive incentive package of free valuation and free legal fees or £200 rebate for remortgage customers.

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.

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