Welcome to the Money Masterclass, your one-stop-shop for the best new personal finance products on the market.
This week we look at two new savings accounts from Cheltenham & Gloucester and Halifax, and two new mortgages from Principality Building Society and Lloyds TSB Scotland.
As usual, products are broken up into technical details and impartial product analysis, so you can be sure the information is 100% reliable.
Cheltenham & Gloucester - Product details
Cheltenham & Gloucester has extended its ISA product range with the launch of a competitive new three year deal. Paying a rate of 3.95%, it falls within the top five ISA deals for its term and offers a competitive monthly option at 3.88%. Investors have the flexibility to make withdrawals, but must remember it is subject to a 120 day loss of interest penalty. Additions can be made for both the current tax year and until 27 May for the new tax year.
The rate on this new product is 0.20% higher than its predecessor and at 3.00%, the deal sits just below the current market leading no notice ISA. The rate reverts to the ISA Saver Direct rate (currently 0.50%) after 12 months, so savers should bear this in mind.
Find the best savings rates for you - Compare savings accounts
Principality Building Society - Product details
Principality Building Society has reduced its tracker mortgage range by up to 0.30%. The previously reduced 3.29% two year tracker rate has dropped by a further 0.10% to 3.19%, making it the lowest priced product for this term.
Lloyds TSB Scotland - Product details
Following a review of its remortgage range, Lloyds TSB Scotland now offers a competitive rate of 3.29% to 31.5.2013. A good incentive package of a free valuation and free legal fees are offered, although these are only available to customers borrowing between £25,000 and £999,999. A wealth of flexible features and a reasonable fee of £994 also heighten this deal's overall appeal.
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 Any products featured may be withdrawn by their provider or changed at any time.
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