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Moneyfacts Weekly Product News - 01/03/2018

Moneyfacts Weekly Product News - 01/03/2018

Category: Articles
Date: 02/03/2018

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.

Savings

Market Harborough Building Society

Market Harborough Building Society has launched a new 120-day notice account, which now pays 1.35% monthly. Savers must invest from £25,000 and access to funds is permitted, subject to 120 days' notice being given. This deal can be operated in branch, by post and online.

Paying 1.35%, this 120-day notice account from Market Harborough Building Society is highly competitive, sitting comfortably towards the top of its sector. This great rate is likely to be a popular option for savers who are not looking to tie up their cash for long. Savers must bear in mind that 120 days's notice is required before they can access their cash.


Masthaven Bank Ltd

Masthaven Bank Ltd has increased the rate on its 18-month fixed rate bond, which now pays 1.90% upon its anniversary, or 1.88% monthly. Savers must invest from £500 up to a maximum of £250,000. Additions are permitted from seven days of the account opening; however, early access to funds is not permitted. This deal is for those aged 18 and over and must be operated online.

Savers looking for a short-term home for their savings will be delighted by this latest offering from Masthaven Bank Ltd. Paying 1.90%, this deal improves its position in the moneyfacts.co.uk Best Buys. With no early access to funds being permitted, savers must ensure they have enough put aside for life's little emergencies.


Mortgages

Yorkshire Bank

Yorkshire Bank has reduced the rate on its five-year fixed rate mortgage, which is now priced at 3.89% to 31.5.23. This deal is for first-time buyers only, who wish to borrow up to £500,000 at 95% loan-to-value. No fee is payable and an incentive of free valuation and £250 cashback is available, too. This deal allows overpayments.

First-time buyers will be delighted by this latest reduction from Yorkshire Bank: priced at 3.89%, this deal sits comfortably at the top of the market. With the addition of no fee and a great incentive package that includes £250 cashback, this mortgage is an attractive offer and heads straight into the moneyfacts.co.uk Best Buys.

Yorkshire Bank's lending area includes Scotland.

Tesco Bank

Tesco Bank has reduced the rate on its five-year fixed rate mortgage, which is now priced at 2.01% to 31.5.23. This deal is for first and second-time buyers who wish to borrow from £40,000 at 60% loan-to-value. No fee is payable and an incentive package of a free valuation is available. This deal allows overpayments of up to 20% of the outstanding balance. Borrowers will be able to earn one Tesco Clubcard point for every £4 mortgage repayment.

The 2.01% five-year fixed rate from Tesco Bank sits comfortably in the top of the market. With the added benefits of a free valuation and no fee, this could be an attractive option for borrowers looking to keep initial costs down. The extra Clubcard points will be the icing on the cake for regular Tesco shoppers.

Tesco Bank's lending area does not include Scotland.

Credit Cards

Barclaycard

Barclaycard has reviewed the deal on its Platinum Balance Transfer Credit Card. This deal now offers 36 months interest-free for balance transfers, an introductory balance transfer fee of 1.85% (following a partial refund) is payable. This card also offers six months interest-free for purchases, which are charged at 19.9% APR thereafter. Customers must be 21 or over and have a minimum income of £20,000. Applications can be made by post, telephone and online.

This latest update from Barclaycard still makes its balance transfer credit card highly competitive, securing a place moneyfacts.co.uk Best Buys. Not only is this deal one of the longest available terms on the market, but it also offers a reasonable balance transfer fee, making it a good choice for those looking to save on any upfront charges.



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.

 

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.

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