Welcome to the Money Masterclass, your weekly rundown of the finest new personal finance deals to be launched.
This week, we have savings accounts from Northern Rock and Sainsbury's Finance, while the mortgage offerings come from HSBC and Coventry BS.
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Northern Rock - Product details
Northern Rock has reviewed its Fixed Rate Cash ISA range:
The new rate of 4.30% sees Northern Rock's Fixed Rate Cash ISA Issue 155 sitting amongst the leaders of the fixed ISA market. Investors have the option to access funds early, but must be aware an interest penalty of 180 days' loss of interest will be payable.
Sainsbury's Finance - Product details
Sainsbury's Finance has increased its 1 Year Fixed Rate Saver by 0.20% to 3.20%:
A rate increase of 0.20% means this one year bond rate sits just shy of the current market leader. The monthly option offers a good return for investors looking to supplement their income, although they must ensure they commit to locking funds away for the full term, as early access is not permitted.
Find the best savings rates for you - Compare savings accounts
HSBC - Product details
Despite rate increases across HSBC's fixed rate mortgage range:
HSBC has reviewed its fixed rate mortgage range, with some significant rate increases. A substantial rate increase of 0.50% hasn't hindered this deal's ability to sit among the other high loan-to-value deals. A small booking fee of £99 and free legal fees help boost this product's appeal further.
Coventry Building Society - Product details
The latest product review from Coventry Building Society includes a new:
This latest update from Coventry BS sees the launch of a new 4 year fixed rate priced at 4.19%, with a maximum loan-to-value of 75%. Thanks to a decent arrangement fee of £999 and a generous incentive package, this product sits at the top of a rather limited four year fixed rate market.
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 Any products featured may be withdrawn by their provider or changed at any time.
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