The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change.
RCI Bank UK – Five-year fixed term savings account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week RCI Bank UK has launched a highly appealing five-year fixed rate saving account paying 2.60%, which has taken a place towards the top of its sector. This straightforward bond may well attract savers looking to invest over the longer-term with its attractive rate and it earns an Excellent Moneyfacts product rating as a result.”
Key product details:
Coventry Building Society – Two-year fixed mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers with a 25% deposit/equity searching for competitive mortgage package will be delighted by this deal from Coventry Building Society. Not only has the rate been cut by 0.20% to stand at 1.59% this week enhancing its overall appeal, but the deal also includes an incentive package of free valuation for all borrowers, and for remortgage customers legal fees are free too. As a result, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
Yorkshire Building Society – Two-year fixed mortgage, 65% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week Yorkshire Building Society has increased the rate on its two-year fixed mortgage by 0.03%, to stand at 1.69%. Despite the rise, the deal continues to carry an incentive of free valuation and charges a reasonable product fee of £495, making it an attractive choice for any borrower looking to save on the upfront cost of their mortgage. This deal earns an Excellent Moneyfacts product rating as a result.”
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Sainsbury’s Bank – Purchase credit card
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Sainsbury’s Bank has taken one month off its 0% introductory purchase offer to 26 months. Despite the cut, the card remains as one of most competitive interest-free purchase offers in its sector, and is therefore still a great choice for shoppers thanks to its lengthy 0% interest-free term and Nectar points reward scheme. This deal earns an Outstanding Moneyfacts product rating as a result.”
Key product details:
Other information: Minimum age 18, Nectar card points scheme
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.
