Money best buys
the times | Saturday May 28 2016
67
1GM
Money
Money best buys
Data supplied by
Savings
Mortgages
Easy access (without introductory bonus)
First-time-buyer mortgages
Provider
Contact
Account
Min
AER
RCI Bank UK
rcibank.co.uk
Freedom Savings
£100 1.45%
National Counties BS
via branch
3rd Issue Branch Saver
£500 1.26%
Hanley Economic BS
NS&I
nsandi.com
Income Bonds
£500 1.26%
Furness BS
United Bank UK
via branch
Online Easy Access
£500 1.25%
State Bank of India
sbiuk.com
Online Instant Access 4
£500 1.25%
Long-term fixed rates Provider
Contact
Account
Min
FirstSave
firstsave.co.uk
Fixed Rate Bnd (7 yr)
£1,000 2.75%
BLME
blme.com
Premier Deposit (5 yr)
£25,000 2.75%
United Bank UK
ubluk.com
Fixed Deposit (7 yr)
Union Bnk of India (UK)
020 7332 4250 Term Deposit (5 yr)
Milestone Savings
via website
Fixed Term (5 yr)
AER
Contact
Account
Coventry BS
0800 121 8899 Easy Access Isa (3) 0808 002 2222 Advantage Cash Isa
Sainsbury's Bank
0500 405060
Cash ISA
Family Building Society
03330 140141
Market Tracker Nisa
Principality BS
principality.co.uk e-ISA Issue 10
Fee
2 yrs
Max LTV 95%
Nil
2 yrs
95%
Nil
1st 2 yrs
to 31.5.18
95% £250
To 31.5.18
3.38% (D)
to 31.7.19
95%
Nil
To 31.7.19
3.97%(F)
to 31.5.19
95%
Nil
To 31.5.19
Initial Rate 1.40% (D)
Period 2 yrs
Max Fee LTV 80% £999
Redmptn charge until None
Introductory rate for balance transfers
80% £1,499
To 31.7.18
Provider
Contact
Period
01782 255000
Initial Rate 3.29% (D)
0800 220568
3.50% (F)
Hanley Economic BS
01782 255000
3.65% (F)
Tipton & Coseley BS
0800 833853
Saffron BS
0800 072 1100
Remortgages
Ikano Bank
ikano.co.uk
3.2%
£180.37
£10,822.20
HSBC
0800 032 4735
3.3%
£180.80
£10,848.00
M&S Bank
0800 363400
3.3%
£180.80
£10,848.00
3.3%
£180.80
£10,848.00
Sainsbury's Bank 0800 169 8503
Minimum income restrictions may apply. APR may be dependent on credit rating.
Credit cards
The Co-operative Bank 0800 234 6761
1.49% (F)
to 31.7.18
Melton Mowbray BS
01664 414141
1.50% (D)
3 yrs
65%
Nil
1st 3 yrs
Tesco Bank
0345 300 4278 Clubcard for BT M'Card 0% 1st 40 mths
2.69%
18.9%
Saffron BS
0800 072 1100
2.19% (D)
3 yrs
80%
Nil
1st 3 yrs
Sainsbury's Bank
0800 030 4418 Nectar BT M'Card
0% 1st 40 mths
2.89%
18.9%
HSBC
0808 256 6876
1.99% (F)
to 31.8.21
65% £1,499
To 31.8.21
MBNA
mbna.co.uk
0% 1st 40 mths
2.98%
18.9%
Virgin Money
0800 389 2875 39 Mth BT M'Card
0% 1st 39 mths
2.47%
20.9%
Halifax
0800 028 3258 39 Mth BT M'Card
0% 1st 39 mths
2.48%
18.9%
£10,000 2.50%
AER
£1 1.30% £1 1.30%
Short-term fixed-rate mortgages
2 yrs
Max Fee LTV 65% £195
Redmptn charge until 1st 2 yrs
1.64%
to 31.7.18
85% £975
To 31.7.18
Provider
Contact
0845 219 0250
2.09%
to 31.8.18
90% £995
To 31.8.18
Sainsbury’s Bank
0345 606 5148
1.99%
to 31.7.19
80% £698
To 31.7.19
0800 298 0008
3.09%
to 31.8.19
90% £199
To 31.8.19
Yorkshire Bank
Yorkshire BS
0345 120 0874
Fixed-cash Isas
Leek United BS
Provider
Contact
Account
Newcastle BS
Nationwide BS
via branch
5 Yr Fixed Rate Isa
West Brom BS
Halifax
0845 122 1348 5 Yr ISA Saver Fixed
State Bank of India
0800 532 532
5 Yrs Cash ISA Fixed
£5,000 2.00%
Newcastle BS
0845 606 5522 Five Yr Fixed Isa (11)
£500 1.90%
SAGA
0800 066 5701 3 Yr Fixed Rate Isa
£500 1.28% £1 1.25%
Min
AER
£1 2.00% £500 2.00%
Min
Provider
Contact
Norwich & P’boro BS
Long-term fixed-rate mortgages Provider
Contact
HSBC
to 31.8.21
Max Fee LTV 65% £1,499
Redmptn charge until To 31.8.21
2.49%
to 30.9.21
80% £999
To 30.9.21
2.59%
5 yrs
85% £999
1st 5yrs
0808 256 6876
Initial Rate 1.99%
Coventry BS
0800 121 8899
AER
Hinckley & Rugby BS
0800 774499
£1 1.80%
Help-to-buy cash Isas
Period
Contact
Account
Buckinghamshire BS
01494 879500
Help to Buy: Isa
£1 3.00%
Post Office Money®
0800 077 8033
2.94%
to 30.6.21
90% £995
To 30.6.21
Virgin Money
virginmoney.com Help to Buy: Isa
£1 3.00%
Leeds BS
0845 045 4049
2.89%
to 31.7.26
65% £1,499
To 31.7.26
Tipton & Coseley BS
0121 557 2551 Help to Buy: Isa
£10 3.00%
Halifax
0845 122 1348 Help to Buy: Isa
£1 2.50%
Barclays Bank
0800 400100
£1 2.27%
Redmptn charge until None
Help to Buy: Isa
Regular savings accounts Provider
Contact
Santander
santander.co.uk Regular eSaver
Kent Reliance
via branch
Regular Savings
£25 4.00% V
Saffron BS
via branch
12 Mth Fixed Members
£10 3.50% F
West Brom BS
via branch
Adults' Regular Saver
£10 3.30% F
Nottingham BS
0844 481 4444 Regular Saver
Min AER Mntly £0 5.00% V
£10 3.10% V
Pension annuities Single life Age 65
Age 70
Variable-rate mortgages Provider
Contact
Period
0800 121 8899
Initial Rate 1.75%
term
Max Fee LTV 65% £999
Coventry BS Coventry BS
0800 121 8899
1.89%
term
75% £999
None
Coventry BS
0800 121 8899
1.99%
term
85% £999
None
Coventry BS
0800 121 8899
2.19%
term
85% £499
None
Coventry BS
0800 121 8899
2.35%
term
90% £999
None
Help-to-buy mortgage guarantee
Post Office Money®
0800 077 8033
Initial Rate 3.68%
to 31.5.18
Max LTV 95%
Nil
Redmptn charge until To 31.5.18
NatWest
0800 587 6599
3.79%
to 30.9.18
95%
Nil
To 30.9.18
Post Office Money®
0800 077 8033
4.25%
to 31.5.19
95%
Nil
To 31.5.19
Post Office Money®
0800 077 8033
4.48%
to 31.5.21
95%
Nil
To 31.5.21
Halifax
0845 727 3747
4.64%
to 31.8.21
95% £495
To 31.8.21
Provider
Contact
Period
Provider
Contact
Canada Life
0845 300 3199
£2,329.92 £2,660.88 £3,069.72
Hodge Lifetime
0800 023 7233
£2,302.00 £2,621.00 £3,027.00
Legal & General
0845 765 4465
£2,196.24 £2,538.12 £2,858.40
Mortgages shown are based on true cost and may include incentives
SAGA
0800 068 6228
£2,185.32 £2,525.52 £2,873.76
Retirement Advantage 0800 912 9945
£2,233.80 £2,500.20 £2,755.32
National Savings & Investments Notice or term
Joint life Provider
Contact
Canada Life
0845 300 3199
Male: Age 60 Age 65 Age 70 Female: Age 55 Age 60 Age 65 £1,973.40 £2,170.92 £2,439.00
Hodge Lifetime
0800 023 7233
£1,936.00 £2,136.00 £2,370.00
Retirement Advantage 0800 912 9945
£1,940.04 £2,118.24 £2,247.60
Legal & General SAGA
£1,847.04 £2,096.76 £2,278.32 £1,857.00 £2,086.32 £2,290.56
Based on a pension pot of £50,000
Total repaid
£1,000 2.50%
0345 300 2522
0845 765 4465 0800 068 6228
Amount per month
0800 220568
Period
Age 60
Rep APR
Furness BS
£1 1.30%
Account
Contact
£2,000 2.60%
Initial Rate 1.49%
Provider
Provider
Contact
Min
M&S Bank
Contact
Fixed monthly repayment on £10,000 for 5 years (without insurance)
Redmptn charge until 1st 2 yrs
Provider
Easy-access cash Isas Provider
Provider
Personal loans
Min
Fee
AER
Interest paid
NS&I Direct Saver
None
£1
1.10%
Yearly
Income Bonds
None
£500
1.26%
Monthly
Investment
None
£20
0.75%
Yearly
None
£1
1.25%
Yearly
5 Yr Bnd
£25
2.50%
Yearly
Tax-free products Children’s Bonds Iss 35
Transfer
Platinum 40 Mth
Bal trans Purch Fee APR
Introductory rate for purchases Introductory Term
Purch APR
0800 030 4418 Nectar Purchase MC
0% 1st 27 mths
18.9%
Post Office Money® postoffice.co.uk Matched MasterCard
0% 1st 27 mths
18.9%
0800 678 3320 Gold MasterCard
0% 1st 26 mths
18.9%
AA
0800 032 2004 Dual CC MasterCard
0% 1st 26 mths
18.9%
Barclaycard
0844 811 9151 Plat Purchase & BT MC
0% 1st 25 mths
18.9%
Product name
Cashback credit card Provider American Express
Contact Product name 0800 169 6767 Plat Cashback Amex
Santander
0800 389 9905 123 C’Card
ASDA Money
0871 704 3369 MasterCard
AA
0800 032 2004 Fuelsave C’Card
NewDay Ltd
aquacard.co.uk aqua Reward M'Card
Purchase APR 28.2%
Cashback 1.25% standard Intro 5% (max £125) 18.4% 1%-3% depends on spend 18.9% 0.50% standard 1% ASDA supermkt/petrol 22.4% 0.5% Standard 2% or 4% on fuel 34.9% 0.5% capped at £100 pa
Alternative terms or card products may be offered according to credit status.
Current accounts Credit interest Account Fee
AER
Reward Current Account
None
£6.25 pm
Provider
Contact
Account name
Halifax
0345 720 3040
TSB
0345 835 3863
Classic Plus
None
5.00%
Nationwide BS
0800 302010
FlexDirect
None
5.00%
Tesco Bank
tescobank.com
Current Account
None
3.00%
Classic with Vanatge
None
1.50%
Bank of Scotland 0345 721 3141
Authorised overdrafts
Accounts and bonds
Direct Isa
Product name
Account Fee
EAR
Usage Fee
None 14.90%
£0
£10 pm 15.90%
£0
Provider
Contact
Account name
Post Office Money®
via website
Standard Account
first direct
0800 242424 1st Account
M&S Bank
0800 756 7777 M&S Current Account
None 15.90%
£0
Ulster Bank
0800 046 6486Standard Current Account
None 15.94%
£0
The Co-operative Bank
03457 212212 Current Account
None 18.90%
£0
Monthly funding requirements may apply * = Expected profit rate, this provider operates under Islamic finance principles F= Fixed rate D= Discounted variable rate V = Variable rate Mortgages shown are based on true cost and may include incentives, for full details visit www.moneyfacts.co.uk
67
1GM
Money
Money best buys
Data supplied by
Savings
Mortgages
Easy access (without introductory bonus)
First-time-buyer mortgages
Provider
Contact
Account
Min
AER
RCI Bank UK
rcibank.co.uk
Freedom Savings
£100 1.45%
National Counties BS
via branch
3rd Issue Branch Saver
£500 1.26%
Hanley Economic BS
NS&I
nsandi.com
Income Bonds
£500 1.26%
Furness BS
United Bank UK
via branch
Online Easy Access
£500 1.25%
State Bank of India
sbiuk.com
Online Instant Access 4
£500 1.25%
Long-term fixed rates Provider
Contact
Account
Min
FirstSave
firstsave.co.uk
Fixed Rate Bnd (7 yr)
£1,000 2.75%
BLME
blme.com
Premier Deposit (5 yr)
£25,000 2.75%
United Bank UK
ubluk.com
Fixed Deposit (7 yr)
Union Bnk of India (UK)
020 7332 4250 Term Deposit (5 yr)
Milestone Savings
via website
Fixed Term (5 yr)
AER
Contact
Account
Coventry BS
0800 121 8899 Easy Access Isa (3) 0808 002 2222 Advantage Cash Isa
Sainsbury's Bank
0500 405060
Cash ISA
Family Building Society
03330 140141
Market Tracker Nisa
Principality BS
principality.co.uk e-ISA Issue 10
Fee
2 yrs
Max LTV 95%
Nil
2 yrs
95%
Nil
1st 2 yrs
to 31.5.18
95% £250
To 31.5.18
3.38% (D)
to 31.7.19
95%
Nil
To 31.7.19
3.97%(F)
to 31.5.19
95%
Nil
To 31.5.19
Initial Rate 1.40% (D)
Period 2 yrs
Max Fee LTV 80% £999
Redmptn charge until None
Introductory rate for balance transfers
80% £1,499
To 31.7.18
Provider
Contact
Period
01782 255000
Initial Rate 3.29% (D)
0800 220568
3.50% (F)
Hanley Economic BS
01782 255000
3.65% (F)
Tipton & Coseley BS
0800 833853
Saffron BS
0800 072 1100
Remortgages
Ikano Bank
ikano.co.uk
3.2%
£180.37
£10,822.20
HSBC
0800 032 4735
3.3%
£180.80
£10,848.00
M&S Bank
0800 363400
3.3%
£180.80
£10,848.00
3.3%
£180.80
£10,848.00
Sainsbury's Bank 0800 169 8503
Minimum income restrictions may apply. APR may be dependent on credit rating.
Credit cards
The Co-operative Bank 0800 234 6761
1.49% (F)
to 31.7.18
Melton Mowbray BS
01664 414141
1.50% (D)
3 yrs
65%
Nil
1st 3 yrs
Tesco Bank
0345 300 4278 Clubcard for BT M'Card 0% 1st 40 mths
2.69%
18.9%
Saffron BS
0800 072 1100
2.19% (D)
3 yrs
80%
Nil
1st 3 yrs
Sainsbury's Bank
0800 030 4418 Nectar BT M'Card
0% 1st 40 mths
2.89%
18.9%
HSBC
0808 256 6876
1.99% (F)
to 31.8.21
65% £1,499
To 31.8.21
MBNA
mbna.co.uk
0% 1st 40 mths
2.98%
18.9%
Virgin Money
0800 389 2875 39 Mth BT M'Card
0% 1st 39 mths
2.47%
20.9%
Halifax
0800 028 3258 39 Mth BT M'Card
0% 1st 39 mths
2.48%
18.9%
£10,000 2.50%
AER
£1 1.30% £1 1.30%
Short-term fixed-rate mortgages
2 yrs
Max Fee LTV 65% £195
Redmptn charge until 1st 2 yrs
1.64%
to 31.7.18
85% £975
To 31.7.18
Provider
Contact
0845 219 0250
2.09%
to 31.8.18
90% £995
To 31.8.18
Sainsbury’s Bank
0345 606 5148
1.99%
to 31.7.19
80% £698
To 31.7.19
0800 298 0008
3.09%
to 31.8.19
90% £199
To 31.8.19
Yorkshire Bank
Yorkshire BS
0345 120 0874
Fixed-cash Isas
Leek United BS
Provider
Contact
Account
Newcastle BS
Nationwide BS
via branch
5 Yr Fixed Rate Isa
West Brom BS
Halifax
0845 122 1348 5 Yr ISA Saver Fixed
State Bank of India
0800 532 532
5 Yrs Cash ISA Fixed
£5,000 2.00%
Newcastle BS
0845 606 5522 Five Yr Fixed Isa (11)
£500 1.90%
SAGA
0800 066 5701 3 Yr Fixed Rate Isa
£500 1.28% £1 1.25%
Min
AER
£1 2.00% £500 2.00%
Min
Provider
Contact
Norwich & P’boro BS
Long-term fixed-rate mortgages Provider
Contact
HSBC
to 31.8.21
Max Fee LTV 65% £1,499
Redmptn charge until To 31.8.21
2.49%
to 30.9.21
80% £999
To 30.9.21
2.59%
5 yrs
85% £999
1st 5yrs
0808 256 6876
Initial Rate 1.99%
Coventry BS
0800 121 8899
AER
Hinckley & Rugby BS
0800 774499
£1 1.80%
Help-to-buy cash Isas
Period
Contact
Account
Buckinghamshire BS
01494 879500
Help to Buy: Isa
£1 3.00%
Post Office Money®
0800 077 8033
2.94%
to 30.6.21
90% £995
To 30.6.21
Virgin Money
virginmoney.com Help to Buy: Isa
£1 3.00%
Leeds BS
0845 045 4049
2.89%
to 31.7.26
65% £1,499
To 31.7.26
Tipton & Coseley BS
0121 557 2551 Help to Buy: Isa
£10 3.00%
Halifax
0845 122 1348 Help to Buy: Isa
£1 2.50%
Barclays Bank
0800 400100
£1 2.27%
Redmptn charge until None
Help to Buy: Isa
Regular savings accounts Provider
Contact
Santander
santander.co.uk Regular eSaver
Kent Reliance
via branch
Regular Savings
£25 4.00% V
Saffron BS
via branch
12 Mth Fixed Members
£10 3.50% F
West Brom BS
via branch
Adults' Regular Saver
£10 3.30% F
Nottingham BS
0844 481 4444 Regular Saver
Min AER Mntly £0 5.00% V
£10 3.10% V
Pension annuities Single life Age 65
Age 70
Variable-rate mortgages Provider
Contact
Period
0800 121 8899
Initial Rate 1.75%
term
Max Fee LTV 65% £999
Coventry BS Coventry BS
0800 121 8899
1.89%
term
75% £999
None
Coventry BS
0800 121 8899
1.99%
term
85% £999
None
Coventry BS
0800 121 8899
2.19%
term
85% £499
None
Coventry BS
0800 121 8899
2.35%
term
90% £999
None
Help-to-buy mortgage guarantee
Post Office Money®
0800 077 8033
Initial Rate 3.68%
to 31.5.18
Max LTV 95%
Nil
Redmptn charge until To 31.5.18
NatWest
0800 587 6599
3.79%
to 30.9.18
95%
Nil
To 30.9.18
Post Office Money®
0800 077 8033
4.25%
to 31.5.19
95%
Nil
To 31.5.19
Post Office Money®
0800 077 8033
4.48%
to 31.5.21
95%
Nil
To 31.5.21
Halifax
0845 727 3747
4.64%
to 31.8.21
95% £495
To 31.8.21
Provider
Contact
Period
Provider
Contact
Canada Life
0845 300 3199
£2,329.92 £2,660.88 £3,069.72
Hodge Lifetime
0800 023 7233
£2,302.00 £2,621.00 £3,027.00
Legal & General
0845 765 4465
£2,196.24 £2,538.12 £2,858.40
Mortgages shown are based on true cost and may include incentives
SAGA
0800 068 6228
£2,185.32 £2,525.52 £2,873.76
Retirement Advantage 0800 912 9945
£2,233.80 £2,500.20 £2,755.32
National Savings & Investments Notice or term
Joint life Provider
Contact
Canada Life
0845 300 3199
Male: Age 60 Age 65 Age 70 Female: Age 55 Age 60 Age 65 £1,973.40 £2,170.92 £2,439.00
Hodge Lifetime
0800 023 7233
£1,936.00 £2,136.00 £2,370.00
Retirement Advantage 0800 912 9945
£1,940.04 £2,118.24 £2,247.60
Legal & General SAGA
£1,847.04 £2,096.76 £2,278.32 £1,857.00 £2,086.32 £2,290.56
Based on a pension pot of £50,000
Total repaid
£1,000 2.50%
0345 300 2522
0845 765 4465 0800 068 6228
Amount per month
0800 220568
Period
Age 60
Rep APR
Furness BS
£1 1.30%
Account
Contact
£2,000 2.60%
Initial Rate 1.49%
Provider
Provider
Contact
Min
M&S Bank
Contact
Fixed monthly repayment on £10,000 for 5 years (without insurance)
Redmptn charge until 1st 2 yrs
Provider
Easy-access cash Isas Provider
Provider
Personal loans
Min
Fee
AER
Interest paid
NS&I Direct Saver
None
£1
1.10%
Yearly
Income Bonds
None
£500
1.26%
Monthly
Investment
None
£20
0.75%
Yearly
None
£1
1.25%
Yearly
5 Yr Bnd
£25
2.50%
Yearly
Tax-free products Children’s Bonds Iss 35
Transfer
Platinum 40 Mth
Bal trans Purch Fee APR
Introductory rate for purchases Introductory Term
Purch APR
0800 030 4418 Nectar Purchase MC
0% 1st 27 mths
18.9%
Post Office Money® postoffice.co.uk Matched MasterCard
0% 1st 27 mths
18.9%
0800 678 3320 Gold MasterCard
0% 1st 26 mths
18.9%
AA
0800 032 2004 Dual CC MasterCard
0% 1st 26 mths
18.9%
Barclaycard
0844 811 9151 Plat Purchase & BT MC
0% 1st 25 mths
18.9%
Product name
Cashback credit card Provider American Express
Contact Product name 0800 169 6767 Plat Cashback Amex
Santander
0800 389 9905 123 C’Card
ASDA Money
0871 704 3369 MasterCard
AA
0800 032 2004 Fuelsave C’Card
NewDay Ltd
aquacard.co.uk aqua Reward M'Card
Purchase APR 28.2%
Cashback 1.25% standard Intro 5% (max £125) 18.4% 1%-3% depends on spend 18.9% 0.50% standard 1% ASDA supermkt/petrol 22.4% 0.5% Standard 2% or 4% on fuel 34.9% 0.5% capped at £100 pa
Alternative terms or card products may be offered according to credit status.
Current accounts Credit interest Account Fee
AER
Reward Current Account
None
£6.25 pm
Provider
Contact
Account name
Halifax
0345 720 3040
TSB
0345 835 3863
Classic Plus
None
5.00%
Nationwide BS
0800 302010
FlexDirect
None
5.00%
Tesco Bank
tescobank.com
Current Account
None
3.00%
Classic with Vanatge
None
1.50%
Bank of Scotland 0345 721 3141
Authorised overdrafts
Accounts and bonds
Direct Isa
Product name
Account Fee
EAR
Usage Fee
None 14.90%
£0
£10 pm 15.90%
£0
Provider
Contact
Account name
Post Office Money®
via website
Standard Account
first direct
0800 242424 1st Account
M&S Bank
0800 756 7777 M&S Current Account
None 15.90%
£0
Ulster Bank
0800 046 6486Standard Current Account
None 15.94%
£0
The Co-operative Bank
03457 212212 Current Account
None 18.90%
£0
Monthly funding requirements may apply * = Expected profit rate, this provider operates under Islamic finance principles F= Fixed rate D= Discounted variable rate V = Variable rate Mortgages shown are based on true cost and may include incentives, for full details visit www.moneyfacts.co.uk
