The Moneyfacts.co.uk Money Masterclass showcases the best of the latest products to hit the consumer finance market.
We've got a couple of savings Christmas crackers this week from FirstSave and Coventry BS and a merry fixed rate mortgage from Santander.
As always, all the products we highlight include technical product details and independent analysis.
FirstSave -Product details
FirstSave's latest one year bond pays a rate of:
An increase of 0.25% to 3.25% sees this rate soar to the top of the one year fixed rate bond market. Designed specifically for online savers, the deal should suit those wishing to lock their money in over a short period. A monthly interest option is available at 3.20%, although savers must ensure they can invest a minimum of £5,000.
Coventry Building Society - Product details
Coventry Building Society's new Fixed Bond (128) 30.4.2016 pays:
At 4.75%, this new rate from Coventry Building Society has stormed to the top of the five year fixed rate bond market. With a great rate and investments of between £1 and £250,000, the deal should appeal to savers looking for a guaranteed return over the long term. Unlike other fixed rate bonds there is the flexibility for savers to withdraw funds, although this is subject to a 180 day loss of interest penalty.
Find the best savings rates for you - Compare savings accounts
Santander - Product details
Santander has added some new deals to its fixed rate mortgage range.
Santander has added some new fixed rate mortgages to its range including a new two year deal at 2.99%. Borrowers should be pleased with the maximum loan- to- value of 70%, fee of £795, generous incentives of a free valuation and £250 rebate, plus the flexibility to make overpayments.
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 Any products featured may be withdrawn by their provider or changed at any time.
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