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Moneyfacts Weekly Product News - 21/12/2017

Moneyfacts Weekly Product News - 21/12/2017

Category: Articles
Date: 21/12/2017

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 It is now over 6 months old so the content may be out of date.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

Sainsbury's Bank

Sainsbury's Bank has reviewed the rates on its easy access account, which now pays tiered rates of up to 1.15% variable, depending on the amount invested. Savers can invest from £1, although at least £30,000 will be required to earn the highest rate of interest. Additions and unlimited penalty-free withdrawals are permitted. This deal is for savers aged 18 and over and must be operated online.

This easy access account from Sainsbury's Bank is highly competitive and sits towards the top of the market, making this a popular choice for savers with larger pots who are looking for quick access to their money.


Charter Savings Bank

Charter Savings Bank has launched a new three-year fixed rate bond, paying 2.21% on its anniversary or 2.19% monthly. Savers can invest from £1,000 up to a maximum of £250,000. Additions are permitted within 14 days from the account opening; however, early access to funds is not allowed. This deal is for savers aged 18 and over and must be operated online.

Charter Savings Bank's three-year fixed rate bond heads straight for the moneyfacts.co.uk Best Buys. Paying 2.21%, this is likely to be a popular option for savers looking for a straightforward account. However, with access to funds not permitted savers must be happy with their initial deposit.


Mortgages

Post Office Money

Post Office Money has reduced its five-year fixed rate mortgage, which is now priced at 2.44% to 28.2.23. This deal is for all applicants who wish to borrow from £50,000 at 85% loan-to-value. No fee is payable and an incentive package of free valuation and £500 cashback is available. This deal allows overpayments of up to 10% of the outstanding balance.

The 2.44% five-year fixed rate from Post Office Money is reasonably priced, sitting comfortably in its sector. The added bonus of no fee and a fabulous incentive package including £500 cashback makes this an attractive option for borrowers looking for a recognised brand.

Post Office Money's lending area includes Scotland.



Principality Building Society

Principality Building Society has reduced its two-year fixed rate mortgage, which is now priced at 2.15% to 30.4.20. This deal is for all applicants who wish to borrow between £5,000 and £300,000 at 90% 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 available. This deal allows overpayments of up to 10% of the outstanding balance.

Borrowers with a modest deposit of just 10% will be intrigued by this latest offering from Principality Building Society. Priced at 2.15%, this two-year fixed rate enters the moneyfacts.co.uk Best Buys for first-time buyers. Alongside this great rate, borrowers will be able to enjoy no fee and a generous incentive package making this a cost-effective choice for many.

Principality Building Society's lending area does not include 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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