The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
Chorley Building Society – Seasonal Regular Saver
Chorley Building Society has launched a new Seasonal Regular Saver this week. Paying 1.25% on maturity, this variable rate fixed term account compares well when assessed against other regular savings products currently in the market. This may appeal to those who are hoping to initiate a regular savings habit, as they will be able to do so with a maximum monthly deposit amount of £250. Investors should note that earlier access is not permitted on this account, therefore careful planning is advised, and also that all deposits must be new money to the institution. On balance, the account secures an Excellent Moneyfacts product rating.
Key product details:
Al Rayan Bank – 12-month Fixed Term Deposit
Al Rayan Bank has reduced the rate on its 12-month Fixed Term Deposit account by 0.23% this week. Now paying 0.85% quarterly as an expected profit rate, there is also an option to take the quarterly profit as an income at a reduced rate, which may be of interest to some savers. Despite the reduction, this account maintains a position in our top rate tables and could entice savers who are able to meet the £5,000 minimum investment amount with an attractive return on their investment. As is common in the fixed bond market, earlier access is not permitted, so savers may wish to plan accordingly. The account receives an Excellent Moneyfacts product rating.
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Bank of London and The Middle East – Two-year Premier Deposit Account
Bank of London and The Middle East (BLME) has reduced the rate on its two-year Premier Deposit Account by 0.10% account this week. Now paying 1.10% on anniversary as an expected profit rate, this account continues to feature in our top rate tables and could appeal to savers looking to secure a competitive return on their savings pot and who are happy to lock their money away for the term of the account. Neither early access or further additions are permitted, so savers may wish to plan accordingly. The account receives an Excellent Moneyfacts product rating.
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Skipton Building Society – Two-year variable rate mortgage, 60% loan-to-value
This week sees Skipton Building Society launch two new variable tracker mortgage deals. One of these provides borrowers with up to a maximum of 60% loan-to-value and is priced at 1.57% for two years, currently the lowest initial rate offered in this sector of the market. Available to all borrowers with a reasonable fee of £995, there is the option to add the fee to the advance amount. There is also an incentive package on offer of free valuation, while those remortgaging can benefit from free legal fees, meaning this could be attractive to those with the required 40% deposit or equity who are hoping to keep the cost of setting up a new mortgage deal to a minimum. On balance, the product earns an Excellent Moneyfacts product rating.
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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.
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 11 January 2021
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The 2021 SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Scheme) Annual Moneyfacts Star Ratings have been revealed today, making it easier for consumers wanting to take control of their pension using SIPPs and SSASs to find the best products currently available on the market
The 2021 SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Scheme) Annual Moneyfacts Star Ratings have been revealed today
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 4.1.21
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 4.1.21
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 11 January 2021
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market
The 2021 SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Scheme) Annual Moneyfacts Star Ratings have been revealed today, making it easier for consumers wanting to take control of their pension using SIPPs and SSASs to find the best products currently available on the market
The 2021 SIPP (Self-Invested Personal Pension) and SSAS (Small Self-Administered Scheme) Annual Moneyfacts Star Ratings have been revealed today
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 4.1.21
The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 4.1.21
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