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 Barclays Bank and Nationwide Building Society.
For mortgage borrowers, we have dissected new deals from The Co-operative Bank and Market Harborough 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.
Barclays Bank -Product details
Barclays has extended its fixed range with the launch of this five year fixed bond. Paying up to 4.75%, it is amongst the market leading long term bonds, so long as investors have £50,000 or more to invest. Savers must ensure they are committed to locking funds away for the duration of the term.
Nationwide BS - Product details
This latest deal from Nationwide Building Society heads straight to the top of the no notice internet market with its competitive rate, including a bonus for 12 months. Whilst this product is very appealing, savers must remember that only one penalty free withdrawal is allowed per year, and failure to adhere to this condition will result in a hefty penalty.
Find the best savings rates for you - Compare savings accounts
The Co-operative Bank -Product details
A rate reduction of 0.20% means this five year deal features as one of the lower rates in this market. The high loan-to-value of 90% will please borrowers with a limited deposit amount, while a fee of £999 plus many flexible features help to heighten this product's appeal.
Market Harborough Building Society - Product details
Market Harbourough Building Society has launched a new three year fixed rate to complement its mortgage range. Offering a rate of 4.30% at 80% loan-to-value, with a reasonable fee of £495, this deal is highly competitive. A range of incentives are offered to purchase and remortgage customers, whilst there is also the opportunity to make overpayments, underpayments and take payment holidays.
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 Any products featured may be withdrawn by their provider or changed at any time.
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