Welcome to the Money Masterclass, your one-stop-shop for the best new personal finance products on the market.
This week we look at three new savings accounts, two new mortgages, and a personal loan to complete the review.
As usual, products are broken up into technical details and impartial product analysis, so you can be sure the information is 100% reliable.
ING Direct (UK)
ING Direct (UK) has increased its Savings Account rate for new customers to:
An increase of 0.09% sees the Savings Account rate for new customers boosted to 2.76% with an introductory bonus of 2.26% for 12 months. This new rate is certainly competitive when compared to similar no notice accounts with a short term introductory offer and appears just below the market leading no notice account. New customers must be prepared to review the position at the end of the introductory 12 month period when the rate will fall dramatically.
Chelsea Building Society
A new 3 Year Fixed Rate (e) ISA and 3 Year Fixed Rate ISA have been launched paying:
This latest review by Chelsea Building Society has seen the launch of a fixed rate cash ISA offering clients an investment period of just over three years. With a rate of 4.00% it is a market leader when compared to products with a similar term and should attract interest from savers looking to either transfer previous years' ISA allowances or invest this year's subscription.
Cheltenham & Gloucester
The Young Investor rate has increased by:
Parents looking for a suitable account for their youngsters' savings will be pleased with this new rate. At 2.00% it is one of the market's best children's accounts offered by a high street provider. The account has no minimum or maximum investment amounts and no restrictions on the number of withdrawals permitted, which heightens its appeal.
Find the best savings rates for you - Compare savings accounts
Hanley Economic Building Society
Hanley Economic Building Society has unveiled its new two year fixed rate mortgage offering borrowers in England and Wales a rate of:
This new two year fixed rate from Hanley Economic Building Society is the lowest rate at the 80% loan-to-value tier. A reasonable fee of £499 and a host of generous incentives for first, second time and remortgage borrowers should certainly help to boost this deal's appeal further.
Leek United Building Society
This new discounted variable rate mortgage of:
Leek United Building Society has launched its new discounted variable rate deal for three years. Offering borrowers in England and Wales a rate of 2.75%, this product appears amongst some of the best discounted deals in the market and offers a great package overall.
Find the best mortgage rate - Compare best selling mortgages
Tesco Bank has amended its unsecured loan range, mostly benefiting customers looking to borrow between £7,500 and £14,999. The lender is rewarding customer loyalty by offering a lower rate for existing Tesco loan customers. New customers borrowing between £7,500 and £14,999 can also enjoy a new revised rate of 7.4%.
Find the best loan for you - compare loans
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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