Product Spotlight: One-year fixed rate bonds
If you’re looking for a short-term home for your cash and want the convenience of online applications, we’ve rounded up the best one-year bonds that can be opened online.
• Ahli United Bank (UK) plc comfortably takes the top spot with Raisin UK – 1 Year Fixed Term Deposit paying 0.65% AER on maturity. It requires a minimum investment of £1,000, after which no further additions are allowed and there is no access to funds prior to maturity. The account must be opened online via the Raisin UK platform, and as an incentive, new savers can receive a bonus or Amazon gift card of up to £50. Head straight to the provider’s site to get started.
• Bank of London and The Middle East (BLME) is next with its one-year Premier Deposit Account paying an expected profit rate of 0.60% AER on maturity. This Sharia-compliant account requires a minimum investment of £1,000, though further additions and early access won’t be permitted. Savers will need to have or open a BLME transfer account to hold funds pending investment, and it should be noted that although this account must be opened online, it can then only be managed by post. Go to the provider’s site to find out more.
• Next up are another two accounts exclusively available through Raisin UK – one from QIB (UK), a Sharia-compliant account paying an expected profit rate of 0.60% AER on maturity, and the other from Isbank UK, paying 0.60% AER on maturity. Both require a minimum investment of £1,000 and don’t allow further additions or withdrawals, both offer the bonus of up to £50, and after being opened online they can be managed by post and phone as well. Go straight to the provider’s site for QIB or apply here for Isbank.
Head to our chart to find more of the best one-year bonds that can be opened online.
Product Spotlight: 80% LTV buy-to-let mortgages
If you’re looking to remortgage your home and want long-term repayment security, opting for a 10-year fixed rate deal could be your best bet. Here are the top deals currently available.
• Barclays Mortgage comes out on top with a rate of 1.99% (2.6% APRC) that’s fixed to 31 May 2031, before reverting to 3.59% variable for term. It’s available at up to 60% loan-to-value (LTV) and has a fee of £999, and has incentives for remortgagors that include a free valuation and either free legal fees or £250 cashback. Check your eligibility to see if it could be for you.
• Next up is Lloyds Bank with a rate of 2.08% (2.7% APRC) fixed to 31 May 2031, after which it reverts to 3.59% variable for the remaining term. It’s available at up to 60% LTV and has product fees of £999, with incentives that include free valuation and legal fees, while Club Lloyds members get an additional £200 cashback. Speak to a broker to find out more.
• Halifax completes the top three with a rate of 2.13% (2.7% APRC) fixed to 31 May 2031, after which it reverts to 3.59% variable. Available at up to 60% LTV with fees of £995, it offers incentives of free valuation and legal fees to offset some of the upfront cost. Find out more by speaking to a broker.
Find more of the best 10-year remortgage deals by heading to our chart, or for a more tailored look at your options, get free mortgage advice from our preferred mortgage broker Mortgage Advice Bureau. Just follow this link or call 0808 149 9177.
Should you choose an easy access or fixed rate ISA?
This week saw the start of a new tax year, which heralded the renewal of the tax-free allowance and means that savers can once again deposit up to £20,000 into an ISA. As such, many consumers will be keen to find the best ISA rates and maximise the interest they can earn on their savings, but although rates within the fixed ISA chart regularly beat those being offered among easy access ISAs, savers should also think long-term when it comes to their savings. As a result, a fixed rate ISA may not always be the best option, despite offering better rates. Here, we look at the factors savers should consider when choosing an ISA, to determine whether a fixed rate or easy access version is the best option.
The best buy-to-let mortgage rates April 2021
Buy-to-let (BTL) remains an attractive investment opportunity for many investors, but when considering a BTL investment it is important to factor in the costs of mortgage repayments on the property. To help new and existing landlords ensure they’re getting the best BTL mortgage deal possible, we’ve highlighted the top rates available in the two-year, five-year and 80% LTV mortgage charts.
Halifax launches £100 switching offer
Halifax has become the latest bank to launch a switching incentive to new current account customers, joining HSBC, first direct and Virgin Money, with it now offering £100 to those who switch to a Halifax Reward or Ultimate Reward Current Account using the Current Account Switching Service. It also allows eligible customers to choose one additional reward from a list of incentives, including free cinema tickets, digital magazine subscriptions or a monthly £5 reward, while both accounts offer additional benefits as standard (including 15% cashback at selected retailers). Find out more to see if switching could be worthwhile.
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