Product Spotlight: Online 12-month fixed rate bonds
Here are three of the best 12-month fixed rate bonds available right now that pay interest on anniversary or on maturity. These accounts can be opened online and are all protected by the Financial Services Compensation Scheme (FSCS). Three accounts share the top spot from The Bank of London and The Middle East (BLME), Aldermore and Shawbrook Bank.
The Premier Deposit Account from BLME with an expected profit rate of 0.75%. Interest is paid on maturity. Savers must also have or open a BLME transfer account to hold funds pending investment. This account can only be opened online, before becoming purely postal-operated, and it has a minimum opening deposit of £1,000. Find out more by heading straight to the provider.
Aldermore’s 1 Year Fixed Rate Account has a rate of 0.75% paid on maturity or monthly. This account can be opened and operated online. The minimum opening deposit is £1,000. Find out more by heading straight to the provider.
Shawbrook Bank also offers a rate of 0.75% paid monthly or on anniversary on its 1 year Fixed Rate Bond Issue 69. The account can only be opened online, but once opened, can also be managed by phone. and it requires a minimum opening deposit of £1,000 and permits further additions while the issue remains open.
You can find more of the best 12 and 18-month fixed rate bonds by heading to our chart.
Product spotlight: The best 10-year fixed rate remortgages
If you need to remortgage soon, you can now get a rate of less than 2% for a 10-year fixed term.
First up is Virgin Money with a rate of 1.95% fixed until 1 October 2031, after this the rate increases to 4.09% variable. It is available for mortgages up to 65% loan-to-value (LTV) and has a product fee of £995. Overpayments and payment holidays are allowed (subject to conditions). There is also free valuation and free legal fees.
Next is Barclays Mortgage with a fixed rate of 1.99% until 31 August 2031, after which the rate increases to 3.59% variable. It is available for mortgages up to 60% LTV and has a product fee of £999. Overpayments are allowed (subject to conditions). Incentives include free valuation, free legal fees and £250 cashback.
We then have Lloyds Bank offering a fixed rate of 2.08% to 31 August 2023, after this it increases to 3.59% variable. The maximum LTV is 60% and there is a £999 product fee. Overpayments and payment holidays are allowed (subject to conditions). There are also free legal fees and valuation fees, those with a Lloyds Club Bank Account also get £200 cashback.
Find more of the best remortgages.
Fee-free mortgage advice
For free mortgage advice from our preferred mortgage broker Mortgage Advice Bureau, just follow this link or call 0808 149 9177.