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Moneyfacts Weekly Product News - 01/11/2018

Moneyfacts Weekly Product News - 01/11/2018

Category: Articles
Author: Charlotte Nelson
Date: 01/11/2018

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

Bank of Cyprus UK

Bank of Cyprus UK has increased the rate on its Online Easy Access Account, which now pays 1.47%, including a bonus of 0.47% for 12 months. Savers can invest from as little as £1 up to a maximum of £1 million. Additions and unlimited penalty-free withdrawals are permitted. This deal is for savers aged 18 or over and must be operated online.

This latest increase from Bank of Cyprus UK sees its Online Easy Access Account improve its position in the Moneyfacts.co.uk Best Buys. Now paying 1.47%, this account is likely to be a great option for anyone who is looking for quick access to funds. However, savers will have to review the rate before the bonus period expires to ensure competitive returns are maintained.

Yorkshire Bank

Yorkshire Bank has launched a new one-year fixed rate ISA, which pays 1.55% on maturity. Savers can invest from £2,000. Additions are permitted while the issue remains open and early access is allowed subject to a penalty of 180 days' loss of interest. Transfers in from cash ISAs and stocks & shares ISAs are also permitted. This deal is for savers aged 16 or over and can be operated in branch and online.

Savers looking for a short-term home to use their ISA allowance will be intrigued by this latest launch from Yorkshire Bank. Paying 1.55%, this deal heads straight into the Moneyfacts.co.uk Best Buy charts as a result, making this an attractive option for many savers.


Mortgages

Skipton Building Society

Skipton Building Society has reduced the rate on its two-year fixed rate mortgage, which is now priced at 3.09% to 31.1.21. This deal is for first and second-time buyers who wish to borrow at 95% loan-to-value. No fee is payable and an incentive package of free valuation is included. This product allows overpayments of up to 10% of the outstanding balance.

This two-year fixed rate mortgage from Skipton Building Society has been rated 'Outstanding' by Moneyfacts.co.uk, not only for its competitive rate, but also its fantastic incentive package, which includes a free valuation. This product will no doubt prove a cost-effective choice for those with just a 5% deposit.

Skipton Building Society's lending area includes Scotland.

Leeds Building Society

Leeds Building Society has launched a new two-year discounted variable mortgage, priced at 1.54%. This deal is for all applicants who wish to borrow at 75% loan-to-value. No fee is payable and an incentive package of free valuation for all borrowers and free legal fees for those remortgaging is included. This product also allows overpayments of up to 10% of the outstanding balance.

Leeds Building Society's new discounted variable mortgage (priced at 1.54%) is highly competitive, making its mark on the Moneyfacts.co.uk Best Buys. Alongside this great rate, borrowers will benefit from a low fee and a good incentive package, making this a product to consider for borrowers looking to keep costs down.

Leeds Building Society's lending area includes Scotland. ­

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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