Check out this week’s best new financial deals

Savings

Paragon Bank has reviewed its two-year fixed-rate bond, which now pays 2.3%. Savers can invest between £1,000 and £100,000. Additions are permitted within five days of the account opening, but no early access is allowed. This deal is for savers aged 18 and over and must be operated online.

It’s good because: This deal could make a great choice for anyone looking to maximise interest over the shorter term.

 

Julian Hodge Bank has tweaked its five-year fixed-rate Isa, which now pays 2.5% a year. Savers can invest from £5,000. Additions are not permitted but early access is allowed, although subject to account closure and the payment of a penalty. Transfers-in from both cash and stocks & shares Isas are accepted. This deal is for savers aged 16 and over and can be operated in branch, by post and by telephone.

It’s good because: This rate sits within the top five in the market.

 

Mortgages

Chelsea Building Society has amended its two-year fixed-rate mortgage, which is now priced at 1.84% until January 2018. This deal is for first and second-time buyers only who borrow between £25,000 and £5m at 75% loan-to-value (LTV). There is no fee and there is an incentive package including a free valuation and a £250 rebate upon completion. Overpayments, underpayments and payment holidays are allowed.

It’s good because: As well as a great rate, this mortgage also has a fantastic incentives package and no fee.

 

Leeds Building Society has reduced the rate on its two-year fixed-rate mortgage, which is now priced at 1.9% until the end of 2017. This deal is for all borrowers, with first and second-time buyers able to borrow between £5,000 and £500,000 and remortgage customers able to borrow between £25,001 and £500,000 at 75% LTV. There is a fee of £999, which can be added to the advance of the loan. Overpayments of up to 10% of the outstanding balance are allowed.

It’s good because: This sits comfortably within the top 10 of its sector and is a good option for those looking to secure low monthly repayments.


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