Welcome to your weekly one-stop-shop of the best new personal finance products – the Money Masterclass!
Under the microscope this week are the latest savings deals from Skipton Building Society and Cheshire Building Society.
For mortgage borrowers, we have dissected new deals from Norwich & Peterborough Building Society and Hanley Economic Building Society.
As usual, the products are broken down into fine detail and analysed by Moneyfacts.co.uk's renowned, unbiased and impartial research team.
Skipton Building Society
This latest regular savings account, fixed for twelve months, pays a rate of 3.25% on its anniversary. Upon maturity the rate will transfer to that of the Loyalty Saver account. Savers can invest up to a maximum of £500 and contributions can be amended. Early access is not permitted. The account is available to savers of all ages and can be operated in branch or by post.
Cheshire Building Society
This new fixed rate ISA pays savers a rate of 3.00% on maturity. Savers must invest a minimum of £1,000. Further additions are not allowed. Early access to funds can be made on account closure after 60 days, subject to 60 days loss of interest. Transfers in are accepted. The account is available to savers aged 16 and over and can be operated in branch and by post.
Find the best savings rates for you - Compare savings accounts
Norwich & Peterborough Building Society
Norwich & Peterborough Building Society has revamped its fixed rate mortgage range, with a new two year fixed product priced at 3.89%. The maximum loan-to-value is 85% and there is a fee payable of £995. Although there are no incentives offered borrowers have the options to make overpayments of up to 10%, underpayments and payment holidays.
Hanley Economic Building Society
The latest two year fixed rate from Hanley Economic offers 2.85% to 31.1.13. The deal has a maximum loan-to-value of 75% and an arrangement fee of £449. First and second time buyers are offered the incentive of a £250 rebate, while remortgage customers can enjoy free legal fees. A free valuation for properties valued up to £250,000 is offered to all customers.
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 Any products featured may be withdrawn by their provider or changed at any time.
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