Moneyfacts Weekly Product News - 22/11/2018 | Product News | moneyfacts.co.uk

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Moneyfacts Weekly Product News - 22/11/2018

Moneyfacts Weekly Product News - 22/11/2018

Category: Articles
Author: Darren Cook
Date: 22/11/2018

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 amended the rate on its Online Easy Access Account, which now pays 1.41% on its anniversary including a 0.41% bonus for 12 months. Savers can invest from £1 up to a maximum of £1 million. Additions are allowed while the issue remains open and unlimited withdrawals are permitted. The account is available to those aged 18 or over, and must be opened and operated online.

Maintaining a prominent position in the Moneyfacts.co.uk Best Buys for easy access accounts with a bonus this week is Bank of Cyprus UK's Online Easy Access Account, which will be highly attractive to savers searching for a simple online saver. This account earns an Excellent product rating and, like the majority of products in this sector, benefits from a very low minimum investment amount of £1. Due to the bonus, savers would be wise to make a diary note of when this expires.


Mortgages

Yorkshire Building Society

Yorkshire Building Society has reduced the rate on its two-year fixed rate mortgage, which is now priced at 1.63% to 31.12.20. This deal is for house purchase customers who wish to borrow between £25,000 and £5 million at 75% loan-to-value. A completion fee of £995 is payable, all of which can be added to the mortgage advance, and an incentive package of free valuation and £500 cashback is included. This product allows underpayments and overpayments, and permits borrowers to take payment holidays.

First and second-time buyers will be impressed by this new Moneyfacts.co.uk Best Buy deal from Yorkshire Building Society. Those hoping to save on the upfront cost of their mortgage will be delighted by its low initial rate and incentive package, which also earns it an Excellent product rating.

Yorkshire Building Society's lending area includes Scotland.

Cards

Barclaycard

Barclaycard has reviewed its Platinum Purchase and Balance Transfer Credit Card Visa, which now offers an introductory 0% deal for purchases and balance transfers over 26 months. An introductory balance transfer fee of 2.50% is payable. After the introductory period ends, an interest rate of 19.9% APR is charged on purchases. Customers must be 21 or over with a minimum income of £20,000 per year and can apply online, in branch, by post or online.

This latest update from Barclaycard sees its Platinum Purchase and Balance Transfer Credit Card retain its position within the Moneyfacts.co.uk Best Buys thanks to its competitive introductory interest-free term on purchases as well as balance transfers. Earning an Outstanding product rating as a result, this is a great choice for borrowers looking to consolidate their debts or who wish to have a little breathing space on their purchases.

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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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