Principality Building Society has reviewed its five-year fixed-rate Isa, which now pays 2%. Savers can invest from £500, and transfers in from other Isas are welcomed. Early access is allowed, subject to closure and loss of interest, and additions are permitted while the issue remains open. This deal is for savers aged 16 and over and can be operated in branch, post and online.
It’s good because: This is a best buy and is likely to be a popular choice for savers looking for a longer-term home for their funds.
Virgin Money has reviewed its Help to Buy two-year fixed-rate mortgage, which is now priced at 3.85% until June 2018. This deal is for first and second-time buyers who borrow up to £475,000 at 95% loan-to-value (LTV). There is no fee, and a £300 rebate is available. There is the flexibility to make overpayments of up to 10% of the outstanding balance and take payment holidays.
It’s good because: Borrowers with small deposits will be able to take advantage of the lack of any fees and the cash rebate.
Coventry Building Society has tweaked its variable tracker-rate-for-term mortgage, which is now priced at 2.35%. This deal is for successful applicants who borrow at 90% LTV. There is a fee of £999, which can be added to the loan advance. There is a free valuation (worth up to £670) for all customers, and free legal fees for remortgage customers. There is the flexibility to make unlimited overpayments and take payment holidays.
It’s good because: This has a fantastic rate and a great package of incentives.
TSB has reduced its introductory balance-transfer fee on its Platinum Purchase Mastercard. It now offers a 20-month interest-free period for balance transfers, with an introductory balance-transfer fee of 0.95% (minimum £2.95) after a partial refund. Purchases are also interest-free for 20 months, after which interest will be charged at 18.9% APR. Borrowers must be at least 18 years old to apply.
It’s good because: Borrowers looking to consolidate their credit-card debts cheaply for a significant amount of time might like this development from TSB, which could be a cost-effective choice.