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Moneyfacts Weekly Product News - 28/06/2018

Moneyfacts Weekly Product News - 28/06/2018

Category: Articles
Date: 28/06/2018

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

National Counties Building Society

National Counties Building Society has launched its 4th Issue Classic Saver, an easy access account paying 1.31%. Savers can invest from £20,000, up to a maximum of £250,000. Additions are permitted until 31.7.18, however unlimited access is allowed. This deal can be operated in branch, by telephone and online.

Savers with a larger pot looking for easy access to their funds will find this latest deal from National Counties Building Society attractive. Paying 1.31%, this deal heads straight to the top of the Moneyfacts.co.uk Best Buys. However, savers will need to remember that they only have until 31 July to make any additions into the account.

Masthaven Bank

Masthaven Bank has increased the rate on its two-year fixed rate bond, which now pays 2.14% upon its anniversary or 2.12% monthly. Savers can invest from £500 up to a maximum of £250,000. Although additions are permitted within seven days of the account opening, early access to funds is not allowed. This deal is for savers aged 18 or over and must be operated online.

The 2.14% two-year bond from Masthaven Bank is highly competitive, earning a place in the Moneyfacts.co.uk Best Buys. This great rate is likely to be a popular choice for those looking to save online. However, with no early access to funds savers must be happy with their initial investment.


Mortgages

Yorkshire Building Society

Yorkshire Building Society has reviewed its two-year fixed rate mortgage, which is now priced at 1.56% to 30.9.20. This deal is for all applicants who wish to borrow between £25,001 and £5 million at 75% loan-to-value. A fee of £495 is payable, all of which can be added to the advance of the mortgage. An incentive package of free valuation and £250 cashback is available. This deal allows overpayments of up to 10% of the outstanding balance.

The 1.56% two-year fixed rate mortgage from Yorkshire Building Society is highly competitive, retaining its position in the Moneyfacts.co.uk Best Buys. Alongside this great rate, borrowers will be able to enjoy a low fee and a decent incentive package that includes £250 cashback, which will no doubt prove attractive.

Yorkshire Building Society's lending area includes Scotland.


Tesco Bank

Tesco Bank has reduced the rate on its five-year fixed rate mortgage, which is now priced at 1.99% to 31.8.23. This deal is for remortgage customers only who wish to borrow from £40,000 at 75% loan-to-value. A fee of £995 is payable, all of which can be added to the advance of the mortgage. An incentive package of free valuation and legal fees is available. This deal allows overpayments of up to 20% of the outstanding balance. Borrowers can earn one Tesco Clubcard point for every £4 mortgage repayment.

The 1.99% five-year fixed rate from Tesco Bank sits comfortably within the top 10 in its sector. With the added benefits of a free valuation and free legal fees, this could be an attractive option for remortgage customers looking to keep initial costs down. The extra Clubcard points will be the icing on the cake for regular Tesco shoppers.

Tesco Bank's lending area includes Scotland.


Loans

Hitachi Personal Finance

Hitachi Personal Finance has reviewed the rates on its unsecured personal loan. Customers can now apply for a loan between £5,000 and £25,000 over the term of two to five years at a rate of 3.3% APR. Customers must be 21 or over and can apply by telephone or online.

Now offering 3.3%, this deal from Hitachi Personal Finance heads straight to the top of the market. This rate makes it a great choice for any borrower looking to borrow over a shorter period. Please note, this rate reduction is a part of Hitachi Personal Finance's Summer Sale and will only be available for a limited period, therefore borrowers interested will need to act fast.

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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