The latest best deals

Savings

Aldermore has increased its three-year fixed-rate bond, which now pays 2.35% annually or 2.33% monthly. Savers can invest between £1,000 and £1m. Additions and early access are not permitted. This deal is for savers aged 18 and over and can be operated by post, online and by telephone.

It’s good because: This sits within the top five of the market and is a great product for savers looking to maximise their interest in a fixed-rate bond.

 

Julian Hodge Bank has launched a 90-day notice account, with tiered rates of interest. For balances between £10,000 and £50,000, it pays 1.55% a year or 1.54% monthly. Savers can invest between £1,000 and £1m, although the interest rate is significantly reduced for balances of less than £10,000. Further additions are permitted and early access to funds is allowed, subject to 90 days’ notice. This deal is operated by post only.

It’s good because: This highly competitive product is a great option for those looking to supplement their income.

 

Youth accounts

Nationwide Building Society has launched FlexOne. This account is fee-free and offers 1% credit interest for balances up to £1,000. It comes with a debit card as well as exclusive access to a regular-savings account paying interest of 3.5%. This deal is available to youngsters aged between 11 and 17, although the account can be kept open until the customer turns 23.

It’s good because: This offers day-to-day banking essentials that should help the younger generation be more money aware. It is a good choice for parents looking to introduce financial independence into their children’s lives.

 

Mortgages

The Post Office has reduced the rate on its two-year fixed-rate mortgage, which is now priced at 2.95% until the end of 2016. This deal is for borrowers who take out loans of more than £25,000, at 90% loan-to-value (LTV). There is a fee of £995, which can be added to the advance. This deal has the flexibility of allowing overpayments of up to 10% of the outstanding balance.

It’s good because: Borrowers with deposits of just 10% will be delighted by this update. The lowest deal in its sector and coming with a reasonable fee, it is a cost-effective choice for many.

 

Coventry Building Society has reduced its five-year fixed-rate deal, which is now priced at 3.29% until the end of 2019 for loans at 80% LTV. There is a fee of £199. Incentives include a free valuation (worth up to £670) and free legal fees for people remortgaging. Overpayments of up to 10% of the outstanding balance are allowed.

It’s good because: This will be a good choice for those looking to minimise their upfront costs.