Skipton BS has amended rates across its range of savings products. Despite this, its five-year fixed rate cash ISA remains competitive enough to stay in the Best Buy chart for its sector, while also holding on to its Excellent rating.The basics… Skipton's 5 Year Fixed Rate ISA now pays a rate of 1.25% yearly, still a top-10 rate for its terms. A monthly version paying 1.24% is also available.The finer details… The ISA requires a minimum investment of £500. Further additions are allowed while the issue remains open, as are transfers in from other ISAs. Withdrawals are not permitted, and early access will result in closure of the account and the loss of 365 days' interest, the same penalty as applies to transfers out. The account can be opened and operated online, by post and in branch.
OakNorth Bank has reduced rates on selected fixed term savings accounts. Despite this, its two-year deal has kept its place in the Best Buy chart for its sector, as well as its high Moneyfacts rating.The basics… The 24-month Fixed Term Deposit now has a rate of 1.46%, which is paid on maturity, but compounded annually, and sees it sit comfortably among its peers.The finer details… The account must be opened online and then operated by post or phone. It requires a minimum investment of £1,000, and does not permit additions, withdrawals or early access, so savers should ensure they are happy to part with their cash for the full 24 months.
Milestone Savings has bucked the current rate-cutting trend by increasing the rates on its three and five-year fixed term bonds. As a result, both deals sit squarely towards the top of their respective Best Buy charts, earning a high Moneyfacts rating in the process.The basics… The three-year Fixed Term Deposit now boasts an expected profit rate of 1.62%, the top rate for its terms, while the five-year equivalent pays 2.00%, which sees it sit just behind the market leader.The finer details… The accounts must be opened online, after which they can be operated by post and phone as well. They require a minimum investment of £10,000. Withdrawals, additions and early access are not allowed. It should be noted that this bank operates under Islamic finance principles, which means that the rates displayed represent the expected returns.
AA has reduced rates on some of its ISAs. Despite this, its variable rate deal has managed to keep a place in the Best Buy chart for its sector, earning it a high Moneyfacts rating in the process.The basics… The AA ISA - Easy Access Issue 7 now pays a rate of 0.95%, which includes a fixed bonus of 0.75% for the first 12 months.The finer details… The account must be opened and operated online, and requires a minimum investment of just £100. It permits unlimited withdrawals, provided they are of at least £10 and made through a linked account. Further additions and transfers in from other ISAs are also permitted.
Leeds BS has launched a new stepped fixed rate buy-to-let (BTL) mortgage deal, which is highly competitive in the two-year market, therefore earning a high Moneyfacts rating.The basics… The mortgage boasts a rate of 2.00%, fixed to 31.12.18, followed by a 4.74% variable rate (1.00% discount) to 31.12.21. It's available at 60% loan-to-value (LTV), with a fee of £999.The finer details… The deal is offered to landlords looking to purchase a property. It includes an incentive package of free valuation (up to £999), as well as the option to make overpayments of up to 10% of the outstanding balance, provided certain conditions are met.
Yorkshire BS has reduced selected rates across its fixed mortgage range, including a cut of 0.14% to its three-year deal. This has made it the market-leader for its terms and therefore secured it a place in the Best Buy chart for its sector, as well as a high Moneyfacts rating.The basics… This mortgage now boasts a market-leading rate of 1.84%, fixed to 31.01.2020, at 85% loan-to-value (LTV). It comes with a fee of £995.The finer details… The deal is offered to all borrowers with the necessary deposit. It comes with an impressive level of flexibility, allowing borrowers to make overpayments and underpayments, and take payment holidays, provided certain conditions are met.
Tipton & Coseley BS has launched a new three-year discounted variable rate mortgage to the market aimed squarely at first-time buyers, which has stormed straight into the Moneyfacts best buys and earned an "outstanding" rating thanks to its highly competitive rate and terms.The basics… This mortgage is priced at 2.84% to 31.12.19 (1.90% disc), the joint lowest available for its terms. It comes with absolutely no fees whatsoever and is available at a loan-to-value (LTV) of 95%.The finer details… The deal is offered to homebuyers with a deposit of just 5%. As an added bonus it allows borrowers to make lump sum and regular overpayments, as well as allowing drawdown advances (provided certain conditions are met), offering some welcome flexibility.
Hitachi Personal Finance has increased the APR on its £2,500 to £2,999.99 personal loan tier. Despite this, the loan remains competitive in its class, allowing it to keep its high Moneyfacts rating.The basics… A personal loan of £2,500 to £2,999.99 over a term of two to five years now has an APR of 11.9%.The finer details… Example monthly repayments: £2,500 over two years = £116.86.Applications can be made online or over the phone. Borrowers must be at least 21 years old to apply, and should remember that rates are representative and dependent on their credit rating.
TSB has amended rates across selected personal loan tiers by up to 2.3% APR, solidifying its place in the charts and earning an "excellent" rating in the process.The basics… A Personal Loan of £3,000 to £4,999 over a term of one to five years has enjoyed the greatest reduction of 2.3% and now charges a rate of 23.6% APR. At the higher end of the scale, those looking to borrow between £20,000 and £25,000 over a term of 61 months to seven years will now pay just 5.9% APR, a reduction of 1%.Those seeking a loan of between £5,000 and £7,499 over a term of five to seven years will have seen a slight rate rise of 2% and will now pay 14.9% APR, but for a slightly larger loan of £7,500 to £15,000 over one to five years, borrowers can still enjoy a rate of just 3.2% APR, just shy of the market leader.The finer details… Example repayments: £3,000 over three years = £113.67Borrowers must be at least 18 years old and can apply in branch, online, by phone or via smartphone app. They should remember that rates are representative and dependent on credit rating.As an added incentive, those looking for a home improvement loan will be offered a free Dulux Interior design consultation worth £75.
Sainsbury's Bank has extended the introductory term on its leading 0% purchase credit card, while at the same time reducing its introductory balance transfer fee by 0.11%. This has made an already outstanding card even more appealing, strengthening its position in the Moneyfacts chart for its sector.The basics… The Sainsbury's Bank Nectar Purchase Credit Card MasterCard now has an introductory purchase term of 28 months (up from 27 months). Its introductory balance transfer fee now stands at 2.89%, and it maintains its introductory balance transfer term of 18 months from date of issue.The finer details… After the introductory periods have ended, standard purchases will be charged at 18.9% APR. Balance transfers, meanwhile, will have an annual rate of 18.95% with a 3% fee.As an added bonus, regular Sainsbury's customers can earn 5,000 extra Nectar points when using the card to spend at least £800 on Sainsbury's shopping and fuel in the first three months. This is in addition to the two Nectar points that are gained for every £1 spent on Sainsbury's shopping and fuel, and the one Nectar point earned on every £5 spent on the card elsewhere.The card can be opened online or over the phone, after which it can also be operated by post. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.
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.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.