Secure Trust Bank has launched a two-year fixed-rate bond, paying 2.36% annually. Savers can invest between £1,000 and £1m. Additions are permitted while the issue remains open, but early access to funds is not allowed. This deal is for savers aged 18 and over and can be operated by post and telephone.
It’s good because: This highly competitive deal heads straight to the top of its sector.
West Bromwich Building Society has reduced its two-year fixed rate, which is now priced at 3.74% until the end of 2016. This deal is for all customers who borrow between £25,001 and £500,000 at 90% loan-to-value (LTV). There is a fee of £499, which can be added to the mortgage advance. There are incentives for those remortgaging of a free valuation (worth up to £525) and free legal fees. Overpayments of up to £999 a month are allowed.
It’s good because: Borrowers with deposits of 10% will be excited by this. This deal sits within the top 10, and the decent incentive package for remortgages makes this product a great all-rounder.
Skipton Building Society has reduced the rate on its three-year fixed deal, which is now priced at 3.61% until October 2017. The deal is available for customers who borrow at 85% LTV. There is no fee, and remortgage customers can enjoy a free valuation and free legal fees. Overpayments of up to 10% of the outstanding balance are allowed.
It’s good because: This has a good rate, and the addition of no fees and a great incentive package for remortgage customers will make it a cost-effective choice for many.
MBNA‘s WWF Visa card now offers a 0% balance and money-transfer deal for 31 months as well as 0% on purchases for three months. There is a 2.88% balance-transfer fee while money transfers are charged at 4%. The interest-rate on purchases after three months is 18.9%. MBNA makes various donations to WWF depending on how you use your card.
It’s good because: This is a good choice for people looking to donate to a good cause. The 31-month balance-transfer deal is one of the longest on the market for those looking to consolidate their debts.