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 AA and SAGA, a new mortgage from Woolwich at Barclays, and a structured product from Santander.
As usual, products are broken up into technical details and impartial product analysis, so you can be sure the information is 100% reliable.
This new online ISA from the AA has stormed to the top of the cash ISA market with a rate of 3.35%. The initial rate includes a large bonus of 1.65% for 12 months, so savers must remember to review their options in around a year's time to avoid reverting to a lower rate. As transfers in are not accepted, this deal may be best suited to investors who have not yet built up a large savings pot.
SAGA Three Year Fixed Rate Savings
SAGA's latest product review sees a rate increase of 0.35% to its 3 Year Fixed Rate Savings account and the launch of its online cousin. Paying 4.20%, these deals sit amongst the other market leading rates. Both bonds have the flexibility for withdrawals to be made during the term, although this is subject to penalty.
Find the best savings rates for you - Compare savings accounts
Woolwich from Barclays Two Year Fixed Rate Mortgage
This new fixed rate mortgage from Woolwich offers customers with a maximum 30% deposit a competitive rate of 3.99% to 30.4.2013. The deal has a small arrangement fee and a range of incentives are offered to both purchase and remortgage borrowers. Flexible features such as the option to make overpayments and take payment holidays are also offered with this product.
Find the best mortgage rate - Compare best selling mortgages
Santander Growth Plan Issue 42
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 Any products featured may be withdrawn by their provider or changed at any time.
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