Check out this week’s best new financial deals

Savings

Yorkshire Bank has launched a two-year fixed-rate Isa paying 2.1%. Savers can invest from £2,000. Early access to funds is permitted, subject to closure of the account and up to 180 days’ loss of interest. Transfers in from cash and stocks & shares Isas are allowed. This deal is for savers aged 16 and over and can be operated in branch only. This product is also available via Clydesdale Bank.

It’s good because: This deal is highly competitive and sits at the top of its sector. The extra flexibility of access to funds (subject to terms and conditions) means it could prove to be a popular choice.

 

Shawbrook Bank has increased the rate of its 120-day notice account, which now pays 1.75% a year. Savers can invest between £1,000 and £500,000. Early access to funds is allowed, provided the 120 days’ notice is given. Additions are permitted while the issue remains open. This deal is for savers aged 18 and over and can be operated by post, by telephone and online.

It’s good because: This sits just shy of the market-leader in its sector, and might appeal to savers who want a straightforward notice account.

 

Mortgages

Yorkshire Building Society has reduced its five-year fixed rate, which is now priced at 2.49% the end of April 2020. This deal is for customers 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. There is the flexibility to make overpayments of up to 10% of the outstanding balance, make underpayments and take payment holidays.

It’s good because: This is the lowest deal in its sector and is likely to be a cost-effective option for many borrowers.

 

Post Office Money has launched a five-year fixed rate mortgage, priced at 3.95% until June 2020. This deal is for applicants who borrow from £50,000 at 90% LTV. There is a fee of £995, which can be added to the advance. Incentives of a free valuation and a £1,000 rebate are available. Overpayments of up to 10% of the outstanding balance can be made.

It’s good because: Borrowers with small deposits might like this deal. They will enjoy a fabulous incentives package, too.