Check out this week’s best new financial deals
Savings
TSB has increased the rate on its two-year fixed-rate Isa, which now pays 1.8% on its anniversary. Savers can invest from £3,000. Further additions are permitted and early access is allowed, subject to 180 days’ loss of interest. Transfers in from other Isas are also welcomed. This deal is for savers aged 16 and over and can be operated in branch, by telephone and online.
It’s good because: This deal is highly competitive and heads straight into the best-buys. It is likely to be a popular choice for savers looking to invest over the shorter term with a high-street brand.
Shawbrook Bank has updated its easy-access account, which now pays 1.3%. Savers can invest between £1,000 and £75,000. Additions and unlimited penalty-free withdrawals are permitted. This deal is for savers aged 18 and over and must be operated online.
It’s good because: This is a highly competitive rate.
Mortgages
Newcastle Building Society has launched a two-year fixed-rate mortgage, priced at 3.59% until May 2018. This deal is for applicants who borrow from £10,000 at 95% loan-to-value (LTV). There is a fee of £199 and the flexibility of being able to make regular or lump-sum overpayments.
It’s good because: Borrowers with small deposits might like this latest launch. Not only is this deal the lowest in its sector, it has a low fee.
Furness Building Society has launched a four-year fixed-rate mortgage, priced at 2.84%. This deal is for customers who borrow between £20,000 and £500,000 at 80% LTV. There is a fee of £999, which can be added to the advance of the mortgage. An incentive for all remortgage customers of a free valuation (worth up to £335) is available, while remortgage customers in England and Wales can also receive either free legal fees or a £150 rebate, and customers in Scotland will receive the £150 rebate. Overpayments of up to a maximum of 10% of the mortgage advance are allowed.
It’s good because: The good incentives package makes it a good option for borrowers looking to keep their initial costs down.
Credit cards
Lloyds Bank has increased the introductory 0% interest balance-transfer term on its Choice Rewards Amex/Mastercard. This deal now has a 30-month interest-free term for balance transfers, with an introductory fee of 3%. This card also has a 12-month interest-free term for purchases. There is an annual fee of £24, although Lloyds current-account customers will receive a £12 refund.
It’s good because: This is a good all-round credit card. Not only does it offer great introductory interest-free deals for both balance transfers and introductory purchases, but card holders can also earn rewards on their everyday spending.