Welcome to your weekly dose of the best new products to hit the personal finance market.
This week, we showcase a couple of savings accounts that should appeal to both serious and casual savers, while there are a couple of mortgages for buyers at the higher end of the loan-to-value scale.
As usual, we've broken the products down into technical details and unbiased analysis, so you know exactly what you're getting.
Close Savings - Product details
Savers looking to commit funds for two years will be pleased by the launch of this market-leading account. The minimum investment of £10,000, whilst higher than some bonds, is not too onerous. In common with many short to medium term fixed bonds, no flexibility for additions or withdrawals is offered during the term.
KRBS - Product details
If savers don't need instant access to their money then this market-leading account from KRBS could be a good option. The account accepts transfers in, so savers can transfer previous tax free allowances to the account and benefit from the top rate. A significant part of the rate is the temporary bonus, so savers should ensure they move the money when the bonus ends.
Find the best savings rates for you - Compare savings accounts
Norwich & Peterborough Building Society - Product details
Norwich & Peterborough BS has withdrawn its best two year discounted rate at 85% but has increased the loan-to-value on its 2.59% deal to 85%. The enhancement to the loan-to-value on this product now makes this the top rate at this tier. A £995 fee is payable and no incentives are on offer. However, this is also true of its competitors, where rates are at least 0.40% higher.
ING Direct - Product details
Although an increase in rate is disappointing, the deal offered by ING Direct remains an attractive product. While slightly lower rates can be found for those with a 20% deposit, they do charge a higher fee and don't come with the incentive package being offered by ING Direct.
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 Any products featured may be withdrawn by their provider or changed at any time.
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