Some of the week’s best deals

Savings

Tesco Bank has increased its rates, with the variable Internet Saver now paying 1.4% a year, including a bonus of 0.65% for 12 months. Savers can invest from £1 and have unlimited access to funds with this easy-access account. It is for savers aged 18 and over and can be operated online only.

It’s good because: This account now sits near the top of the Best Buys. It should prove popular with customers looking for a simple internet account for their savings.

 

Nottingham Building Society has launched a bond paying 1.85% a year until the end of November 2015. The minimum investment is £500. Earlier access is not permitted but further additions can be made until the end of this October. The account is for savers aged 16 and over and can be operated in branch only.

It’s good because: With a rate of 1.85%, it is beaten by only one other one-year deal. The flexibility to add further funds until the end of October will also appeal to those hoping to maximise their returns by way of an additional investment.

 

Mortgages

Norwich and Peterborough Building Society has reduced the rate on its five-year fixed deal, which is now 3.19%. It is available to all customer types who borrow from £25,001 at 65% loan-to-value (LTV). There is a fee of £195, which can be added to the mortgage advance. There is the flexibility of being able to make overpayments of up to 10% of the mortgage advance as well as making underpayments and taking payment holidays.

It’s good because: The new price coupled with a low fee should be a great cost-effective option for those borrowers who can raise a 35% deposit.

 

Chelsea Building Society has launched a two-year fixed-rate mortgage priced at 2.14%, until October 2016. This deal is for all customers who borrow from £25,001 at 65% LTV. There is a fee of £475, of which £345 can be added to the mortgage advance. There is an incentive package for remortgage customers of free valuation and legal fees, and first or second-time buyers will receive a £500 rebate. There is the flexibility to make overpayments of up to 10% of the mortgage advance, as well as make underpayments and take payment holidays.

It’s good because: This is a highly competitive package overall. Although lower rates can be found elsewhere, this deal boasts a low fee and comes with a great incentive package.

 

Credit cards

Tesco Bank has increased the term of its interest-free balance-transfer deal to 12 months, and the card charges no transfer fee. Purchases are charged at 18.9%, with the first 12 months interest-free. The card is also linked to the Clubcard scheme.

It’s good because: With no balance-transfer fee, this will prove popular with people looking to consolidate their debts at a low cost.