Check out this week’s best new financial deals

Savings

Aldermore has increased the rate of its two-year fixed-rate bond, which now pays 2.35% on its anniversary. You can invest between £1,000 and £1m. Additions and early access to funds are not permitted. This deal is for savers aged 18 and over and can be operated by post, by telephone and online.

It’s good because: This is highly competitive and sits near the top of the market.

 

Kent Reliance has launched its High Balance Easy Access Issue 2, paying a variable rate of 1.55% a year. Savers can invest between £20,000 and £1m. Additions and unlimited penalty-free withdrawals are permitted. This deal can be operated in branch, by post, by phone and online.

It’s good because: Savers with balances of £20,000 or more who are looking for easy access to their funds might like this product. With unlimited withdrawals, this is a great deal for anyone looking for savings flexibility.

 

Mortgages

Hanley Economic Building Society has launched a five-year fixed-rate mortgage, priced at 4.69% until September 2020. This deal is for first and second-time buyers only who borrow between £30,000 and £250,000 at 95% loan-to-value (LTV). There is a fee of £250. Incentives of a refunded valuation and a £250 rebate are available. Overpayments of up to 10% of the outstanding balance are allowed.

It’s good because: This deal sits towards the top of the market for borrowers with modest deposits of no more than 5%. The incentives and the great rate could make this deal a cost-effective choice for many.

 

TSB has reviewed its five-year fixed-rate mortgage, which is now priced at 2.59% until October 2020. This deal is for remortgage customers who hold a TSB current account who are looking to borrow between £25,000 and £1m at 60% LTV. There is no fee, and incentives of a free valuation, free legal fees and a £150 rebate are available. There is the flexibility of being able to make overpayments of up to 10% of the outstanding balance and take payment holidays. A TSB current account can be opened when the mortgage application is submitted.

It’s good because: This is reasonably priced and has no fee and a great incentives package.