The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
DF Capital – 2 Year Fixed Rate Deposit (Issue 1)
Launched this week is the new 2 Year Fixed Rate Deposit account from DF Capital, replacing its one-year version. Paying a competitive rate of 1.23% on maturity, this account takes a position in the top 10 when compared to other bonds with similar terms currently on offer. As may be expected in this sector of the market, early access is not permitted, however, further additions within 14 days of account opening are available, which could be viewed as a plus by some investors. The account is operated via secure email, rather than an online banking portal, which some savers may wish to note. On balance, this account earns an Excellent Moneyfacts product rating.
Key product details:
Loughborough Building Society – 1 Year Fixed Rate Cash ISA Issue 11
Also launched this week is the 1 Year Fixed Rate Cash ISA from Loughborough Building Society. Paying 0.80% yearly, this account assumes a position in the top rate tables when compared against other ISAs with similar terms currently available. Investors who wish to use their tax-free ISA allowance and who are able to meet the minimum investment amount of £10,000 may be pleased to note that earlier access is permitted subject to a loss of interest penalty, which may be of interest. The account earns an Excellent Moneyfacts product rating.
Key product details:
HSBC – Five-year fixed rate mortgage, 60% loan-to-value
In the latest update to its range, HSBC has amended a number of both fixed and variable rates. One product that sees a rate reduction of 0.20% this week is the five-year fixed rate at 60% loan-to-value. Now priced at 1.44% to 31.12.25, this is now one of the lowest rates available in this sector of the market and may appeal to those looking to lock into a stable rate for the longer-term. The product carries a reasonable fee of £999 and borrowers can also benefit from a comprehensive incentive package of a free valuation to all, while those remortgaging can also benefit from free legal fees. On balance, this product earns an Outstanding Moneyfacts product rating.
Key product details:
NatWest has launched a new £125 switching incentive on a selection of its current accounts, including the Select Account. This addition has likely further increased the appeal of this particular account to those looking to switch, as not only does this carry no monthly fee, but another feature that may be particularly interesting to some customers is the free Overdraft Control option, which consumers could utilise to avoid unarranged overdraft costs. On balance, it earns an Excellent Moneyfacts product rating.
Key product details:
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.
Last month we contacted three of our readers who had taken part in our consumer awards survey to tell them that they were winners of our £1,000 prize draw
Last month we contacted three of our readers who had taken part in our consumer awards survey to tell them that they were winners of our £1,000 prize draw
Here is a snap shot of some of the questions our financial experts have received and answered this month.
Here is a snap shot of some of the questions our financial experts have received and answered this month.
Nationwide Building Society won the Remortgage Buyer’s choice award and was highly commended for the Branch Network of the Year at the Moneyfacts Consumer Awards last month.
Nationwide Building Society won the Remortgage Buyer’s choice award and was highly commended for the Branch Network of the Year at the Moneyfacts Consumer Awards last month.
Last month we contacted three of our readers who had taken part in our consumer awards survey to tell them that they were winners of our £1,000 prize draw
Last month we contacted three of our readers who had taken part in our consumer awards survey to tell them that they were winners of our £1,000 prize draw
Here is a snap shot of some of the questions our financial experts have received and answered this month.
Here is a snap shot of some of the questions our financial experts have received and answered this month.
Nationwide Building Society won the Remortgage Buyer’s choice award and was highly commended for the Branch Network of the Year at the Moneyfacts Consumer Awards last month.
Nationwide Building Society won the Remortgage Buyer’s choice award and was highly commended for the Branch Network of the Year at the Moneyfacts Consumer Awards last month.
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