Money best buys
the times | Saturday October 1 2016
69
1GM
Money
Money best buys
Data supplied by
Mortgages
Savings
Personal loans
First-time buyer mortgages
Easy access (without introductory bonus) Provider
Contact
Account
Min
AER
ICICI Bank UK
via branch
SuperSaver Savings
Investec Bank plc *
investec.co.uk
E-asy Access Account
£25,000 1.10%
Mansfield BS
Coventry BS
0800 121 8899 Easy Access Saver (3)
£1 1.00%
Hanley Economic BS
Union Bank of India (UK) Ltd 020 7332 4250 Savings Account
£1 1.00%
Virgin Money
£1 1.00%
£1 1.15%
0345 600 4466 M-Utd Red Devil Saver 2
Long-term fixed rates Min
AER
Provider
Contact
Period
01623 676345
Initial Rate 2.94% (D)
01782 255000
3.40% (F)
to 30.11.18
Furness BS
0800 220568
3.50% (F)
Melton Mowbray BS
01664 414141
Saffron BS
2 yrs
Max Fee LTV 95% £499
Redmptn Charge Until 1st 2 yrs
Fixed monthly repayment on £10,000 for 5 years (without insurance) Provider
Contact
Rep APR
Amount per month
Total repaid
Ikano Bank
0344 856 5743
3.2%
£180.37
£10,822.20
95% £250 To 30.11.18
TSB
0345 835 3861
3.2%
£180.58
£10,834.80
2 yrs
95%
Nil
1st 2 yrs
Admiral
0808 2237 485
3.3%
£180.80
£10,848.00
3.19% (D)
3 yrs
95%
Nil
1st 3 yrs
HSBC
0800 032 4735
3.3%
£180.80
£10,848.00
0800 072 1100
3.97% (F)
to 30.9.21
95% £495
To 30.9.21
Provider
Contact
Period to 30.11.18
Redmptn Max Fee Charge LTV Until 80% £999 To 30.11.18 80% £319 To 30.11.18
Provider
Contact
Minimum income restrictions may apply. APR may be dependent on credit rating.
Remortgages
Provider
Contact
Account
BLME
blme.com
Premier Deposit (5 yr)
Vanquis Bank
vanquis.co.uk
Savings (5 yr)
£1,000 2.01%
Yorkshire Bank
via branch
Retail (5 yr)
£2,000 2.00%
Leeds BS
0845 045 4049
Initial Rate 1.50% (F)
Clydesdale Bank
via branch
Retail (5 yr)
£2,000 2.00%
Darlington BS
01325 366366
1.54% (D)
to 30.11.18
Ikano Bank
ikano.co.uk
Fixed Saver (5 yr)
£1,000 1.95%
Melton Mowbray BS
01664 414141
1.50% (D)
3 yrs
65%
Nil
1st 3 yrs
Halifax
0800 028 3258 41 Mth BT M'Card
0% 1st 41 mths
3.44%
18.9%
Saffron BS
0800 072 1100
2.19% (D)
3 yrs
80%
Nil
1st 3 yrs
MBNA
0800 028 2440 Plat 41 Mth BT Visa
0% 1st 41 mths
3.49%
18.9%
first direct
0800 482448
2.18% (F)
5 yrs
75%
Nil
1st 5 yrs
Bank of Scotland
0800 028 8335 Plat 40 Mth BT M'C
0% 1st 40 mths
2.39%
18.9%
Virgin Money
0800 389 2875 40 Mth BT CC M'C
0% 1st 40 mths
2.40%
20.9%
Tesco Bank
0345 300 4278 Clubcard for BT M'C
0% 1st 40 mths
2.69%
18.9%
£25,000 2.05%
Easy-access cash Isas Provider
Contact
Account
Min
M&S Bank**
0808 002 2222 Advantage Cash Isa
AER
£1 1.10%
Short-term fixed-rate mortgages
Credit cards Introductory rate for balance transfers
0845 045 4049
Initial Rate 1.50%
to 31.12.18
Redmptn Max Fee Charge LTV Until 65% £199 To 31.12.18
Leeds BS
0845 045 4049
1.60%
to 30.11.18
85% £999 To 30.11.18
Provider
Contact
Fixed-cash Isas
Yorkshire BS
0345 120 0874
2.49%
to 31.10.18
90%
Tesco Bank
Provider
Leeds BS
0845 045 4049
1.99%
to 30.11.19
75% £199 To 30.11.19
Sainsbury’s Bank
Post Office Money®
0800 077 8033
2.84%
to 30.11.19
90%
Coventry BS
0800 121 8899 Easy Access Isa 4
Family BS
03330 140141
Tracker Cash Nisa 1
Darlington BS
01325 366366
Cash Isa 2
AA
theAA.com
Isa Easy Access 6
Contact
Account
£1 1.10%
Provider
Contact
£1 1.05%
Leeds BS
£100 1.05%
£500 1.09%
Min
Shawbrook Bank
shawbrook.co.uk 5 Yr Fixed Isa Issue 4
Skipton BS
skipton.co.uk
Principality BS
0845 045 0452 5 Yr Fixed Rate Isa 156
Julian Hodge Bank
0800 840 2810 5 Yr Fixed Rate Isa
Metro Bank
via branch
5 Yr Fixed Rate Isa
AER
£5,000 1.70% £500 1.60%
Account
Barclays Bank
0800 400100
Help to Buy: Isa
Contact
first direct
0800 482448
Period
Leeds BS
0845 045 4049
2.35%
to 30.11.21
85% £999 To 30.11.21
AER
Yorkshire BS
0345 120 0874
2.88%
to 31.10.21
90% £975 To 31.10.21
£1 2.27%
Coventry BS
0800 121 8899
2.49%
to 31.12.26
65% £999 To 31.12.26
0845 607 1111
2.69%
to 31.12.26
80% £999 To 31.12.26
Buckinghamshire BS
01494 879500
£1 2.25%
Barclays Mortgage
Nationwide BS
nationwide.co.uk Help to Buy: Isa
£1 2.00%
Variable-rate mortgages
NatWest
0800 200 400
Help to Buy: Isa
£1 2.00%
HSBC
0345 740 4404 Help to Buy: Isa
£1 2.00%
Help to Buy: Isa 2
Regular savings accounts Contact
Account
Saffron BS
via branch
12 Mth Fixed Members 3 Regular Saving Issue 2
Min AER Mntly £10 3.50% F
Kent Reliance
via branch
Santander
santander.co.uk Regular eSaver
Leeds BS
0345 045 4048 Regular Saver Issue 4
£50 2.30% V
Leek United BS
via branch
£25 2.25% V
Regular Savings
£25 3.25% V £0 3.00% V
Provider
Contact
Coventry BS Coventry BS
Single life Age 60
Age 65
Age 70
Fee Nil
term
Max Fee LTV 65% £999
Redmptn Charge Until None
term
75% £999
None
1.89%
term
85% £999
None
2.09%
term
85% £499
None
2.35%
term
90% £999
None
Period
0800 121 8899
Initial Rate 1.65%
0800 121 8899
1.69%
Coventry BS
0800 121 8899
Coventry BS
0800 121 8899
Coventry BS
0800 121 8899
Contact
Transfer
Introductory rate for purchases Introductory Term
Purch APR
0345 300 4278 Clubcard Purchase MC
0% 1st 28 mths
18.9%
0800 030 4418 Nectar Purchase MC
0% 1st 27 mths
18.9%
Post Office Money® 0800 169 2000 Matched MasterCard
0% 1st 27 mths
18.9%
Yorkshire Bank
0800 678 3320 Gold MasterCard
0% 1st 26 mths
18.9%
AA
0345 600 5606 Dual CC MasterCard
0% 1st 26 mths
18.9%
Product name
Cashback credit card Purchase APR 28.2% Intro 18.4%
Provider American Express
Contact Product name 0800 032 7642 Plat Cashback Amex
Santander
0800 389 9905 123 CC M'Card
ASDA Money
0371 704 3369 Cashback Plus CC M'Card
26.2%
AA
0345 600 5606 Fuelsave CC MCard
22.4%
NewDay Ltd
aquacard.co.uk aqua Reward MCard
34.9%
Current accounts
Period
Redmptn Max Fee Charge LTV Until 95% £495 To 30.11.18
Account Fee
AER **
Reward Current Account
None
£5 pm
0345 835 3858
Classic Plus
None
5%
Provider
Contact
Account name
Halifax
0345 720 3040
TSB
Halifax
0845 727 3747
Initial Rate 3.64% (F)
Post Office Money®
0800 077 8033
3.89% (F)
to 30.11.18
95%
Nil To 30.11.18
Nationwide
0800 30 20 10
FlexDirect
None
5%
Post Office Money®
0800 077 8033
4.15% (F)
to 30.11.19
95%
Nil To 30.11.19
Tesco Bank
tescobank.com
Current Account
None
3%
95%
Nil
Nationwide
0800 30 20 10
FlexPlus
£10 pm
3%
to 30.11.18
Contact
Canada Life
0345 300 3199
£1,992.60 £2,329.08 £2,694.12
Virgin Money
0345 850 2325
4.39% (F)
to 1.11.21
Prudential
0808 234 5100
£1,981.06 £2,282.98 £2,577.86
Halifax
0845 727 3747
4.39% (F)
to 30.11.21
Hodge Lifetime
0800 023 7233
£1,946.00 £2,266.00 £2,674.00
Mortgages shown are based on true rate and may include incentives
Authorised overdrafts
AEGON
0345 601 5273
£1,899.00 £2,241.00 £2,604.60
Legal & General
0345 765 4465
£1,801.56 £2,218.20 £2,510.16
National Savings & Investments
Provider
Contact
Account name
First Direct
0800 242424
1st Account
M&S Bank
0800 756 7777 M&S Current Account
Post Office Money Ulster Bank
Notice or Term
Joint life Canada Life
Contact 0345 300 3199
Male: Age 60 Age 65 Age 70 Female: Age 55 Age 60 Age 65 £1,654.20 £1,848.96 £2,105.16
Prudential
0808 234 5100
£1,629.83 £1,788.14 £1,973.82
Hodge Lifetime
0800 023 7233
£1,584.00 £1,787.00 £2,029.00
Retirement Advantage 0800 912 9945 Legal & General 0345 765 4465
£1,572.72 £1,758.72 £1,918.56 £1,466.76 £1,757.64 £1,939.80
Based on a pension pot of £50,000
Cashback 1% - 1.25% standard 5%/3mth (max £125) 1%-3% depends on spend 1% standard 2% on all ASDA spend 0.5% Standard 2% or 4% on fuel 0.5% capped at £100 pa
Alternative terms or card products may be offered according to credit status.
Provider
Provider
Bal trans Purch Fee APR
Credit interest
Help-to-buy mortgage guarantee Provider
Pension annuities
5 yrs
Max LTV 75%
Redmptn Charge Until 1st 5 yrs
Initial Rate 2.18%
£1 1.50%
Min
Provider
- To 30.11.19
Long-term fixed-rate mortgages Provider
£5,000 1.55%
Help-to-buy cash Isas Contact
Nil To 31.10.18
£500 1.55%
5 Yr Fixed Rate Isa 4
Provider
Period
Product name
Min
To 1.11.21
95% £495 To 30.11.21
AER
Interest Paid
Accounts and bonds NS&I Direct Saver
None
£1
0.80%
Yearly
Income Bonds
None
£500
1.00%
Monthly
Investment
None
£20
0.45%
Yearly
None
£1
1.00%
Yearly
5 Yr Bnd
£25
2.50%
Yearly
Tax-free products Direct Isa Children’s Bonds Iss 35
Account Fee
EAR
Usage Fee
£10 pm***
15.9%
£0
None
15.9%
£0
postoffice.co.uk Standard Account
None
14.6%
£0
0800 046 6486 Standard Current Account
None 15.94%
£0
None
£0
The Co-operative Bank 03457 212 212 Current Account
18.9%
Monthly funding requirements may apply. * = Rate reducing to 0.85% monthly w.e.f. 24.10.16. ** = Rate reducing to 0.80% monthly w.e.f. 18.10.16. ** = Rate reducing to 0.80% monthly w.e.f. 18.10.16. *** = Fee waived if funding of £1,000 is met. F= Fixed rate. D= Discounted variable rate. V = Variable rate. Mortgages are based on true cost and may include incentives, visit www.moneyfacts.co.uk
69
1GM
Money
Money best buys
Data supplied by
Mortgages
Savings
Personal loans
First-time buyer mortgages
Easy access (without introductory bonus) Provider
Contact
Account
Min
AER
ICICI Bank UK
via branch
SuperSaver Savings
Investec Bank plc *
investec.co.uk
E-asy Access Account
£25,000 1.10%
Mansfield BS
Coventry BS
0800 121 8899 Easy Access Saver (3)
£1 1.00%
Hanley Economic BS
Union Bank of India (UK) Ltd 020 7332 4250 Savings Account
£1 1.00%
Virgin Money
£1 1.00%
£1 1.15%
0345 600 4466 M-Utd Red Devil Saver 2
Long-term fixed rates Min
AER
Provider
Contact
Period
01623 676345
Initial Rate 2.94% (D)
01782 255000
3.40% (F)
to 30.11.18
Furness BS
0800 220568
3.50% (F)
Melton Mowbray BS
01664 414141
Saffron BS
2 yrs
Max Fee LTV 95% £499
Redmptn Charge Until 1st 2 yrs
Fixed monthly repayment on £10,000 for 5 years (without insurance) Provider
Contact
Rep APR
Amount per month
Total repaid
Ikano Bank
0344 856 5743
3.2%
£180.37
£10,822.20
95% £250 To 30.11.18
TSB
0345 835 3861
3.2%
£180.58
£10,834.80
2 yrs
95%
Nil
1st 2 yrs
Admiral
0808 2237 485
3.3%
£180.80
£10,848.00
3.19% (D)
3 yrs
95%
Nil
1st 3 yrs
HSBC
0800 032 4735
3.3%
£180.80
£10,848.00
0800 072 1100
3.97% (F)
to 30.9.21
95% £495
To 30.9.21
Provider
Contact
Period to 30.11.18
Redmptn Max Fee Charge LTV Until 80% £999 To 30.11.18 80% £319 To 30.11.18
Provider
Contact
Minimum income restrictions may apply. APR may be dependent on credit rating.
Remortgages
Provider
Contact
Account
BLME
blme.com
Premier Deposit (5 yr)
Vanquis Bank
vanquis.co.uk
Savings (5 yr)
£1,000 2.01%
Yorkshire Bank
via branch
Retail (5 yr)
£2,000 2.00%
Leeds BS
0845 045 4049
Initial Rate 1.50% (F)
Clydesdale Bank
via branch
Retail (5 yr)
£2,000 2.00%
Darlington BS
01325 366366
1.54% (D)
to 30.11.18
Ikano Bank
ikano.co.uk
Fixed Saver (5 yr)
£1,000 1.95%
Melton Mowbray BS
01664 414141
1.50% (D)
3 yrs
65%
Nil
1st 3 yrs
Halifax
0800 028 3258 41 Mth BT M'Card
0% 1st 41 mths
3.44%
18.9%
Saffron BS
0800 072 1100
2.19% (D)
3 yrs
80%
Nil
1st 3 yrs
MBNA
0800 028 2440 Plat 41 Mth BT Visa
0% 1st 41 mths
3.49%
18.9%
first direct
0800 482448
2.18% (F)
5 yrs
75%
Nil
1st 5 yrs
Bank of Scotland
0800 028 8335 Plat 40 Mth BT M'C
0% 1st 40 mths
2.39%
18.9%
Virgin Money
0800 389 2875 40 Mth BT CC M'C
0% 1st 40 mths
2.40%
20.9%
Tesco Bank
0345 300 4278 Clubcard for BT M'C
0% 1st 40 mths
2.69%
18.9%
£25,000 2.05%
Easy-access cash Isas Provider
Contact
Account
Min
M&S Bank**
0808 002 2222 Advantage Cash Isa
AER
£1 1.10%
Short-term fixed-rate mortgages
Credit cards Introductory rate for balance transfers
0845 045 4049
Initial Rate 1.50%
to 31.12.18
Redmptn Max Fee Charge LTV Until 65% £199 To 31.12.18
Leeds BS
0845 045 4049
1.60%
to 30.11.18
85% £999 To 30.11.18
Provider
Contact
Fixed-cash Isas
Yorkshire BS
0345 120 0874
2.49%
to 31.10.18
90%
Tesco Bank
Provider
Leeds BS
0845 045 4049
1.99%
to 30.11.19
75% £199 To 30.11.19
Sainsbury’s Bank
Post Office Money®
0800 077 8033
2.84%
to 30.11.19
90%
Coventry BS
0800 121 8899 Easy Access Isa 4
Family BS
03330 140141
Tracker Cash Nisa 1
Darlington BS
01325 366366
Cash Isa 2
AA
theAA.com
Isa Easy Access 6
Contact
Account
£1 1.10%
Provider
Contact
£1 1.05%
Leeds BS
£100 1.05%
£500 1.09%
Min
Shawbrook Bank
shawbrook.co.uk 5 Yr Fixed Isa Issue 4
Skipton BS
skipton.co.uk
Principality BS
0845 045 0452 5 Yr Fixed Rate Isa 156
Julian Hodge Bank
0800 840 2810 5 Yr Fixed Rate Isa
Metro Bank
via branch
5 Yr Fixed Rate Isa
AER
£5,000 1.70% £500 1.60%
Account
Barclays Bank
0800 400100
Help to Buy: Isa
Contact
first direct
0800 482448
Period
Leeds BS
0845 045 4049
2.35%
to 30.11.21
85% £999 To 30.11.21
AER
Yorkshire BS
0345 120 0874
2.88%
to 31.10.21
90% £975 To 31.10.21
£1 2.27%
Coventry BS
0800 121 8899
2.49%
to 31.12.26
65% £999 To 31.12.26
0845 607 1111
2.69%
to 31.12.26
80% £999 To 31.12.26
Buckinghamshire BS
01494 879500
£1 2.25%
Barclays Mortgage
Nationwide BS
nationwide.co.uk Help to Buy: Isa
£1 2.00%
Variable-rate mortgages
NatWest
0800 200 400
Help to Buy: Isa
£1 2.00%
HSBC
0345 740 4404 Help to Buy: Isa
£1 2.00%
Help to Buy: Isa 2
Regular savings accounts Contact
Account
Saffron BS
via branch
12 Mth Fixed Members 3 Regular Saving Issue 2
Min AER Mntly £10 3.50% F
Kent Reliance
via branch
Santander
santander.co.uk Regular eSaver
Leeds BS
0345 045 4048 Regular Saver Issue 4
£50 2.30% V
Leek United BS
via branch
£25 2.25% V
Regular Savings
£25 3.25% V £0 3.00% V
Provider
Contact
Coventry BS Coventry BS
Single life Age 60
Age 65
Age 70
Fee Nil
term
Max Fee LTV 65% £999
Redmptn Charge Until None
term
75% £999
None
1.89%
term
85% £999
None
2.09%
term
85% £499
None
2.35%
term
90% £999
None
Period
0800 121 8899
Initial Rate 1.65%
0800 121 8899
1.69%
Coventry BS
0800 121 8899
Coventry BS
0800 121 8899
Coventry BS
0800 121 8899
Contact
Transfer
Introductory rate for purchases Introductory Term
Purch APR
0345 300 4278 Clubcard Purchase MC
0% 1st 28 mths
18.9%
0800 030 4418 Nectar Purchase MC
0% 1st 27 mths
18.9%
Post Office Money® 0800 169 2000 Matched MasterCard
0% 1st 27 mths
18.9%
Yorkshire Bank
0800 678 3320 Gold MasterCard
0% 1st 26 mths
18.9%
AA
0345 600 5606 Dual CC MasterCard
0% 1st 26 mths
18.9%
Product name
Cashback credit card Purchase APR 28.2% Intro 18.4%
Provider American Express
Contact Product name 0800 032 7642 Plat Cashback Amex
Santander
0800 389 9905 123 CC M'Card
ASDA Money
0371 704 3369 Cashback Plus CC M'Card
26.2%
AA
0345 600 5606 Fuelsave CC MCard
22.4%
NewDay Ltd
aquacard.co.uk aqua Reward MCard
34.9%
Current accounts
Period
Redmptn Max Fee Charge LTV Until 95% £495 To 30.11.18
Account Fee
AER **
Reward Current Account
None
£5 pm
0345 835 3858
Classic Plus
None
5%
Provider
Contact
Account name
Halifax
0345 720 3040
TSB
Halifax
0845 727 3747
Initial Rate 3.64% (F)
Post Office Money®
0800 077 8033
3.89% (F)
to 30.11.18
95%
Nil To 30.11.18
Nationwide
0800 30 20 10
FlexDirect
None
5%
Post Office Money®
0800 077 8033
4.15% (F)
to 30.11.19
95%
Nil To 30.11.19
Tesco Bank
tescobank.com
Current Account
None
3%
95%
Nil
Nationwide
0800 30 20 10
FlexPlus
£10 pm
3%
to 30.11.18
Contact
Canada Life
0345 300 3199
£1,992.60 £2,329.08 £2,694.12
Virgin Money
0345 850 2325
4.39% (F)
to 1.11.21
Prudential
0808 234 5100
£1,981.06 £2,282.98 £2,577.86
Halifax
0845 727 3747
4.39% (F)
to 30.11.21
Hodge Lifetime
0800 023 7233
£1,946.00 £2,266.00 £2,674.00
Mortgages shown are based on true rate and may include incentives
Authorised overdrafts
AEGON
0345 601 5273
£1,899.00 £2,241.00 £2,604.60
Legal & General
0345 765 4465
£1,801.56 £2,218.20 £2,510.16
National Savings & Investments
Provider
Contact
Account name
First Direct
0800 242424
1st Account
M&S Bank
0800 756 7777 M&S Current Account
Post Office Money Ulster Bank
Notice or Term
Joint life Canada Life
Contact 0345 300 3199
Male: Age 60 Age 65 Age 70 Female: Age 55 Age 60 Age 65 £1,654.20 £1,848.96 £2,105.16
Prudential
0808 234 5100
£1,629.83 £1,788.14 £1,973.82
Hodge Lifetime
0800 023 7233
£1,584.00 £1,787.00 £2,029.00
Retirement Advantage 0800 912 9945 Legal & General 0345 765 4465
£1,572.72 £1,758.72 £1,918.56 £1,466.76 £1,757.64 £1,939.80
Based on a pension pot of £50,000
Cashback 1% - 1.25% standard 5%/3mth (max £125) 1%-3% depends on spend 1% standard 2% on all ASDA spend 0.5% Standard 2% or 4% on fuel 0.5% capped at £100 pa
Alternative terms or card products may be offered according to credit status.
Provider
Provider
Bal trans Purch Fee APR
Credit interest
Help-to-buy mortgage guarantee Provider
Pension annuities
5 yrs
Max LTV 75%
Redmptn Charge Until 1st 5 yrs
Initial Rate 2.18%
£1 1.50%
Min
Provider
- To 30.11.19
Long-term fixed-rate mortgages Provider
£5,000 1.55%
Help-to-buy cash Isas Contact
Nil To 31.10.18
£500 1.55%
5 Yr Fixed Rate Isa 4
Provider
Period
Product name
Min
To 1.11.21
95% £495 To 30.11.21
AER
Interest Paid
Accounts and bonds NS&I Direct Saver
None
£1
0.80%
Yearly
Income Bonds
None
£500
1.00%
Monthly
Investment
None
£20
0.45%
Yearly
None
£1
1.00%
Yearly
5 Yr Bnd
£25
2.50%
Yearly
Tax-free products Direct Isa Children’s Bonds Iss 35
Account Fee
EAR
Usage Fee
£10 pm***
15.9%
£0
None
15.9%
£0
postoffice.co.uk Standard Account
None
14.6%
£0
0800 046 6486 Standard Current Account
None 15.94%
£0
None
£0
The Co-operative Bank 03457 212 212 Current Account
18.9%
Monthly funding requirements may apply. * = Rate reducing to 0.85% monthly w.e.f. 24.10.16. ** = Rate reducing to 0.80% monthly w.e.f. 18.10.16. ** = Rate reducing to 0.80% monthly w.e.f. 18.10.16. *** = Fee waived if funding of £1,000 is met. F= Fixed rate. D= Discounted variable rate. V = Variable rate. Mortgages are based on true cost and may include incentives, visit www.moneyfacts.co.uk
