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Moneyfacts Weekly Product News - 28/12/2017

Moneyfacts Weekly Product News - 28/12/2017

Category: Articles
Date: 28/12/2017

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

Axis Bank

Axis Bank has amended the rate on its two-year fixed bond, which now pays 2.04% on maturity. A monthly interest option is also available paying 2.02%. Savers can invest from £1,000 up to £200,000. Further additions or early access to funds are not permitted. This deal is for savers aged 18 and over and must be operated in branch or by post.

This straightforward fixed rate bond from Axis Bank offers savers a competitive return in its sector. It sits in the top ten deals for two-year fixed bonds in the moneyfacts.co.uk Best Buys and earns a well-deserved Excellent product rating.


Mortgages

Yorkshire Bank

Yorkshire Bank has added a new fixed rate mortgage to its range, which is priced at 1.64% to 31.3.21. This deal is for all applicants who wish to borrow from £150,000 up to £500,000 at 80% loan-to-value. A fee of £1,999 is payable, all of which can be added to the mortgage advance. An incentive package, of free valuation and free legal fees is available for remortgage customers. This deal allows overpayments.

This brand new fixed rate mortgage from Yorkshire Bank is competitively priced in its sector and is likely to delight borrowers looking for a low rate. The incentive package, which is generous and aimed at remortgage customers, will only add to its appeal and could help these borrowers save on the upfront cost.

Yorkshire Bank's lending area includes Scotland.


Credit Cards

MBNA Limited

MBNA Limited has improved the deal on its Platinum Balance Transfer Credit Card. This deal now offers 38 months' interest-free for balance transfers (up from 37 months), whereby an introductory balance transfer fee of 1.44% is payable. This card also offers 20 months' interest-free on money transfers, for which an introductory money transfer fee of 4.0% is payable. Purchases are charged at 19.9% APR. Customers must be 18 and over and can apply by phone and online.

This new deal from MBNA Limited is highly competitive, easily taking a spot in the moneyfacts.co.uk Best Buys. Not only is this deal one of the longest available in the market, but it offers a low balance transfer fee, making it a good choice for those looking to save on any upfront charges.

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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