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Money in a Minute

Money in a Minute

Category: Money

Updated: 10/03/2015
First Published: 06/07/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings and mortgage market.

The products featured have been handpicked by the impartial research team here at, so you can be sure they are all up there with the best deals in their respective fields.

To make sure you fully understand the products, we outline the technical details behind the plans before giving you our invaluable and insightful analysis.


Secure Trust Bank

  • Secure Trust Bank has added new fixed rate bonds to its range.
  • The new three-year product pays an annual rate of 4.01% to savers with a minimum investment of £1,000 up to a maximum £1,000,000.
  • Further additions are allowed whilst the issue remains open;
    • however, early access is not permitted.
  • The account is available to savers aged 18 and over and can be operated by post or by telephone.

At 4.01%, the three-year fixed rate bond is highly competitive within the market. In common with many fixed rate bonds, no earlier access is permitted, although further additions can be made whilst the issue remains open. This deal should prove popular with savers who are willing to invest for the longer term.

Manchester Building Society

  • Manchester Building Society has launched a 60 day notice account, priced at 3.36% including a bonus of 2.00% for 12 months.
  • Savers can invest from a minimum of £1,000 up to a maximum £50,000.
  • However, it should be noted that only four withdrawals are permitted each year up to the 10.8.12.
  • This account is available to savers aged 18 and over and can be operated in branch or by post.

This account from Manchester Building Society is currently the highest paying notice account on the market at 3.36%. Savers will need to give 60 days' notice to access funds and only four withdrawals are permitted each year. Investors need to be aware that the account includes a 2.00% bonus for 12 months so they would be wise to review the rate before it expires.

Find the best savings rates for you - Compare savings accounts


Newcastle Building Society

  • Newcastle Building Society has launched a new two-year fixed rate at 95% loan-to-value, priced at 6.25% to 30.9.14.
  • This package is available to all customers who borrow between £10,000 and £350,000.
  • No fee is payable and borrowers can benefit from an incentive package of free valuation fees (maximum £500,000 property value), £300 rebate for house purchase customers and those remortgaging will receive free legal fees.
  • This deal also offers borrowers the opportunity to make lump sum payments of up to £499 every month.

This latest offering from Newcastle Building Society provides a highly competitive fixed rate for borrowers with a small deposit of 5%. Customers can benefit from no fee and a generous incentive package of free valuation and, for house purchases, a £300 rebate which will be a boost for anyone looking to keep upfront costs down.

Find the best mortgage rate - Compare best selling mortgages


Sainsbury's Finance

  • Sainsbury's Finance has reduced the rate of its personal loan by 0.1% APR.
  • Offering a rate of 5.9% APR, this loan is available to customers who wish to borrow between £7,500 and £15,000 over four to five years.

This latest rate reduction, focusing on a term between four and five years, makes borrowing between £7,500 and £15,000 one of the most competitive in the market at 5.9% APR. This new rate should prove popular with customers looking for a competitive loan rate whilst consolidating their debts.

Find the best loan for you - Loans Calculator

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.