The latest best deals

Savings

Norwich and Peterborough Building Society has launched an 18-month fixed-rate bond paying 1.9% a year. Savers can invest between £1,000 and £1m. Additions or early access to funds are not permitted. This deal can be operated in branch, by post and online.

It’s good because: Savers looking for a short-term home for their savings will be delighted by this. It is highly competitive and sits towards the top of the market.

 

Penrith Building Society has launched a three-year fixed regular savings deal, which pays 3% a year. Savers can put away between £25 and £300 a month. Up to three withdrawals are permitted each year and there no interest penalties for missed payments. This deal is for savers aged 16 and over and can be operated in branch and by post.

It’s good because: This deal heads straight into the Best Buys and also offers flexibility by allowing early access to funds. The maximum overall investment of £10,800 makes this is a great choice for people with a particular savings goal in mind.

 

Mortgages

Woolwich from Barclays has reviewed its 10-year fixed-rate mortgage, which is now priced at 3.99% until the end of 2024. This deal is for customers who borrow between £5,000 and £1m at 75% loan-to-value (LTV). There is a fee of £999, and that can be added to the mortgage advance. Remortgage customers can enjoy a free valuation and free legal fees. Overpayments of up to 5% are allowed.

It’s good because: This Best Buy rate gives borrowers peace of mind from knowing it will remain unchanged for 10 years.

 

Hinckley & Rugby Building Society has launched a discounted variable offset rate for term, priced at 2.19%. It is available for those who borrow from £50,000 at 80% LTV. There is a fee of £999, of which £800 can be added to the advance. A free valuation is available for all borrowers, while those looking to remortgage also receive free legal fees. Overpayments, underpayments and payment holidays are allowed.

It’s good because: With a great overall package, this offset deal will be a good choice for those looking to significantly reduce the overall term of their mortgage.