Moneyfacts Weekly Product News - 19/04/2018 | Product News | moneyfacts.co.uk

Product News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Moneyfacts Weekly Product News - 19/04/2018

Moneyfacts Weekly Product News - 19/04/2018

Category: Articles
Author: Lieke Braadbaart
Date: 19/04/2018

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
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

United Trust Bank

United Trust Bank has increased the rate on its one-year fixed rate bond, which now pays 1.85% on maturity. Savers must invest from £5,000 up to a maximum of £1 million. Additions and early access to funds are not permitted. This deal is for savers aged 18 and over and must be operated in branch and by post.

The 1.85% one-year fixed rate bond from United Trust Bank is highly competitive and heads straight into the moneyfacts.co.uk Best Buys. This straightforward account is likely to be a good choice for anyone looking for a fuss-free savings account. However, with no early access to funds, savers should be certain of the commitment required from the outset.

Halifax

Halifax has launched a new Kids' Monthly Saver, a children's account that's fixed for 12 months, paying 4.50% upon its anniversary. Savers can start the account with as little as £10 and can thereafter deposit up to £100 each month. There is no penalty for missed payments, however, access to funds is only permitted on the closure of the account. The bond must be held in trust for a child by an adult. To access this account, savers must open a Kids' Saver account. This deal can be operated in branch, by phone and online.

Parents looking to start a savings pot for their child will be delighted by this latest launch from Halifax. Paying 4.50%, this monthly savings account heads straight to the top of the moneyfacts.co.uk Best Buys. With the flexibility of being able to miss payments without a penalty, this deal is likely to be a popular option.


Mortgages

Post Office Money

Post Office Money has launched a new five-year fixed rate mortgage, priced at 2.89% to 30.6.23. This deal is for first and second-time buyers who wish to borrow from £50,000 at 90% loan-to-value. No fee is payable and an incentive package of a free valuation and £500 cashback is available. This deal allows overpayments of up to 10% of the outstanding balance.

Borrowers looking for a recognised brand will be intrigued by this latest offer from Post Office Money. Priced at 2.89%, this deal is reasonably priced in its sector. With borrowers being able to enjoy no fee and a decent incentive package, which includes £500 cashback, this is likely to be an option considered by those with a modest deposit of 10%.

Post Office Money's lending area includes Scotland.

Yorkshire Bank

Yorkshire Bank has reduced the rate on its five-year fixed rate mortgage, which is now priced at 3.79% to 30.6.23. 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 it includes an incentive package of free valuation as well as cashback of up to £500. This deal allows overpayments.

The 3.79% five-year fixed rate from Yorkshire Bank is highly competitive and heads straight into the moneyfacts.co.uk Best Buys. With a great incentive package, including a cashback option, this deal is likely to be a good choice for those looking to minimise their upfront costs.

Yorkshire Bank's lending area includes Scotland.


Loans

Clydesdale Bank

Clydesdale Bank has reviewed the rate on its unsecured personal loan tier of £7,500 to £15,000. Customers can now apply for this loan over the term of one to seven years at a rate of 2.9% APR. Customers must be 18 and over, and can apply in branch, by phone or online.

Clydesdale Bank's 2.9% APR loan, in the tier of £7,500 to £15,000, is highly competitive and sits in moneyfacts.co.uk Best Buys. This is likely to be good choice for any borrower looking to consolidate their debts.

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.

Close