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Moneyfacts Weekly Product News - 20/12/2018

Moneyfacts Weekly Product News - 20/12/2018

Category: Articles
Author: Tim Leonard
Date: 21/12/2018


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

Chorley Building Society

Chorley Building Society has launched a new two-year Fixed Rate Cash ISA to 30.4.21 paying 1.76% yearly. Savers can invest from £500, which must be new money. Additions are allowed up to 30.1.19 as are withdrawals, however earlier access is subject to 120 days' notice or a 120-day loss of interest penalty. This deal can be both opened and operated by post and in branch.

Chorley Building Society's new Fixed Rate Cash ISA has secured a place within the Moneyfacts.co.uk Best Buys and earns an Excellent product rating as well. Savers searching for a new fixed cash ISA account and willing to lock their money away for a two-year period will find this deal highly competitive.

West Brom BS

West Brom BS has increased the rate on its five-year fixed rate ISA, which now pays 2.10% on yearly. Savers can invest from £1,000. Additions are permitted while the issue remains open and early access is allowed subject to 180 days' notice or a 180 days' loss of interest penalty. Transfers in from cash ISAs and stocks & shares ISAs are also allowed. This deal is for savers aged 16 or over and must be opened and operated in branch.

This latest rate rise by West Brom BS has seen it secure a place within the Moneyfacts.co.uk Best Buys and earn an Excellent product rating as well. Those savers looking for a top-10 rate and to invest over the longer-term will no doubt be delighted by the rate improvement to this ISA.

Mortgages

TSB

TSB has reduced the rate on its two-year fixed rate mortgage, which is now priced at 2.34% to 31.3.21. This deal is available to house purchase customers only who wish to borrow between £5,000 and £750,000 at 90% loan-to-value. No product fee is payable and an incentive package of free valuation and £500 cashback is included. This product allows overpayments of up to 10% of the outstanding balance.

Potential first-time buyers who are looking to make their first step onto the housing ladder, or indeed second-time buyers searching for a deal with a well-known high street brand, may find this latest mortgage from TSB appealing. Borrowers are likely to find the free valuation and £500 cashback an attractive incentive package, particularly as it carries no product fee.

TSB'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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