Product Spotlight: One-year fixed rate bonds
One-year fixed rate bonds allow you to benefit from a guaranteed savings rate without needing to lock your money away for too long. Here are the top accounts currently available.
Taking the top spot is Ahli United Bank (UK) plc, with its Raisin UK – 1 Year Fixed Term Deposit paying 1% AER on maturity. The account requires a minimum investment of £1,000, after which no further deposits can be made and there is no access to funds prior to maturity. The account is exclusively available through the Raisin UK platform, which offers a bonus or Amazon gift card of up to £15 to new savers (terms and conditions apply).
Next up is this one-year account from QIB (UK), another deal exclusively offered through Raisin UK. This Sharia’a-compliant account pays an expected profit rate of 0.90% AER on maturity from a minimum investment of £1,000, with no further additions or earlier access permitted. For those willing to lock their money away for a little longer, an 18-month version of the deal is also available that pays expected profit of 0.95% AER.
Completing this overview is Union Bank of India (UK) Ltd, with the one-year Union Premier Bond paying 0.75% AER on maturity. This internet-operated account requires a minimum investment of £5,000 and, as is common in the sector, doesn’t permit further additions or withdrawals.
To find more one-year fixed rate bonds, head to our chart.
Product Spotlight: Five-year fixed rate remortgages
Looking to avoid uncertainty by fixing your mortgage for the next five years? Here are the top five-year remortgage deals currently available.
Virgin Money leads the way with a rate of 1.29% (3.1% APRC) that’s fixed to 1 May 2026, before reverting to 4.34% variable for term. It’s available at up to 65% loan-to-value (LTV) and has a product fee of £1,495, but it offers a package of free valuation and legal fees as an incentive. For those who’d prefer to reduce some of the upfront cost, Virgin Money has another five-year option that’s priced at a slightly higher 1.39% (3.1% APRC) but with a lower fee of £995.
NatWest Intermediary Solutions has a rate of 1.39% (2.8% APRC) that’s fixed to 31 March 2026, which then reverts to 3.59% variable. It’s available at up to 60% LTV and has a fee of £995, together with incentives of a free valuation (including admin fees) and legal fees.
Next up is TSB, with a five-year deal priced at 1.39% (2.8% APRC) to 28 February 2026, before reverting to 3.59% variable. It’s available at up to 60% LTV with a fee of £995, and offers free valuation and legal fees. TSB current account holders can get £150 cashback, too.
Is it worth switching your savings account to a higher rate in 2021?
2020 ended with savings rates at historic lows, but will 2021 bring better rates for savers and is it worth switching your savings account? Data from the Bank of England shows that there is currently £215 billion held in savings accounts paying zero interest, but it doesn’t have to be this way. While savings rates at the start of 2021 remain depressed compared to previous years, those earning low or no interest could instead be earning up to 1.00% on a one-year fixed rate bond or 0.60% with an easy access account, and it couldn’t be easier to switch – especially when using online savings accounts.
Financial help available during the latest lockdown
As England enters its third lockdown and Scotland, Northern Ireland and Wales are facing tougher restrictions, we’ve looked at the help available to those facing financial difficulties. This includes furlough, mortgage repayment holidays and loan/credit card repayment holidays, with the latter options offering some respite to those who may be struggling to make their repayments. But do you qualify for such support, and how can you apply? We take a look.
Do you need health travel insurance when you travel to Europe?
Although all regions of the UK are currently under much tighter travel restrictions, many people will be hoping that the vaccine rollout means they will be able to head abroad for a holiday this summer. Yet for those thinking about travelling to Europe, the UK leaving the EU means that for the first time holidaymakers will have to ensure they are covered in case they get ill or require medical treatment – the European Health Insurance Card (EHIC) is currently being phased out, which makes finding the right insurance essential. Here we look at how to choose the best travel insurance with healthcare cover.
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