Check out this week’s best new financial deals

Savings

The AA has launched a one-year fixed-rate Isa paying 1.76%. Savers can invest from £500. Early access is allowed, subject to closure of the account and a break fee. Transfers-in from both cash and stocks & shares Isas are accepted. This deal is for savers aged 16 and over and must be operated online.

It’s good because: Savers who have yet to utilise this year’s tax-free allowance might like this deal, which heads straight into the best-buy tables.

 

FirstSave has increased the rate paid on its one-year fixed-rate bond, which now pays 2.06% on its anniversary. The minimum investment is £1,000. Additions and early access to funds are not allowed. Savers must be aged 18 and over and the account must be operated online.

It’s good because: This is among the top 20 in its sector.

 

Mortgages

Yorkshire Building Society has revamped its mortgage range, including its two-year fixed-rate deal, which is now priced at 1.44% until January 2018. This deal is available to all applicants who borrow between £25,001 and £5m at 75% loan-to-value (LTV). There is a fee of £975, of which £845 can be added to the mortgage advance. Overpayments, underpayments and payment holidays are allowed.

It’s good because: This is within the top three deals on the market, and could prove to be a cost-effective option for borrowers who want flexible repayment options.

 

Tesco Bank has reduced the rate on its two-year fixed-rate mortgage, which is now priced at 3.89% until January 2018. This deal is for customers who borrow from £40,000 at 95% LTV. There is a fee of £495, of which £300 can be added to the advance. Remortgage customers can enjoy a free valuation and free legal fees, and there is the flexibility of being able to make overpayments of up to 20% of the outstanding balance and to take payment holidays.

It’s good because: Borrowers with small deposits might like this update. It heads straight into the best buys and sits just shy of the market-leader. As well as a good rate and a low fee, Clubcard holders will earn points to spend in-store.