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Fixed Mortgages That Now Let You Bail out Half Way Through

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Fixed Mortgages That Now Let You Bail out Half Way Through 14 The Sunday Times July 12, 2020 MONEY Best Buys CURRENT ACCOUNTS FOREIGN MORTGAGES CREDIT INTEREST CURRENCY 2-YEAR FIXED RATES Provider Account name Account fee Interest rate 1 Balance Contact Lender Rate Scheme Deposit Fee Notes Contact These are the interbank Halifax Reward Current Account None £5 a month – 0345 720 3040 HSBC 1.14% Fixed to 30.09.22 40% £999 LV 0800 494 999 rates at 5pm on Friday, Co-operative Bank Current with Everyday Rewards None £4 a month – 0345 721 2212 which show where the Leeds 1.24% Fixed to 31.10.22 25% £999 LV 0345 045 4049 Virgin Money Current Account None 2.02% £0.01-£1,000 0800 678 3654 market is trading. West Brom 1.59% Fixed to 30.09.22 15% £999 BSV 0800 298 0008 They are not indicative OVERDRAFTS * 3-YEAR FIXED RATES of the rate you will 2 Lender Rate Scheme Deposit Fee Notes Contact Provider Account name Account fee Interest rate 0% overdraft limit Contact be able to get. Starling Current Account None 15% £0 starlingbank.com Barclays 1.29% Fixed to 31.07.23 40% £999 LV 0333 202 7580 M&S Bank Current Account None 39.9% £250 0800 756 7777 EURO HSBC 1.39% Fixed to 30.09.23 25% £999 LV 0800 494 999 Smile Current Account None 18.9% £0 0345 721 2212 GBP>EUR Nationwide 1.94% Fixed for 3 years 15% £999 RS 0800 302 010 FUND FOCUS 1 Based on funding of £1,500 a month. 2 Equivalent annual rate. * Based on overdraft of £500 for 7 days a month. LONG-TERM FIXED RATES LAW DEBENTURE Some accounts require minimum funding/direct debits to open or receive rates shown. Source: Moneyfacts.co.uk Lender Rate Scheme Deposit Fee Notes Contact Barclays 1.38% Fixed to 31.07.25 40% £999 LV 0333 202 7580 What it is A £655 million investment 1.12 HSBC 1.49% Fixed to 30.09.25 25% £999 LV 0800 494 999 trust that aims to combine Nationwide 1.94% Fixed for 5 years 15% £999 RS 0800 302 010 AMERICA steadily rising income CREDIT CARDS GBP>USD Barclays 1.99% Fixed to 31.07.30 40% £999 LV 0333 202 7580 with long-term capital growth. The yield is INTRODUCTORY RATES TRACKERS */ DISCOUNTS 5 per cent and the annual 1 Lender Rate Scheme Deposit Fee Notes Contact Provider Card type Introductory purchase APR Reward Contact charge is 0.5 per cent. M&S Bank Shopping Plus Mastercard 0% for 20 months 19.9% Yes 0800 997 996 Barclays 1.24% Tracker +1.14% for 2 years 40% £999 LV 0333 202 7580 TSB Platinum Purchase Mastercard 0% for 20 months 19.9% No 0345 835 3846 Nationwide 1.84% Tracker +1.74% for 2 years 15% £999 AELV 0800 302 010 What it invests in 1.27 Newbury 1.59% 2.36% discount for 5 years 30% £850 LV 0163 555 5777 It invests 80 per cent of its Lloyds Bank Platinum 0% Purchase & BT Mastercard 0% for 18 months 19.9% No 0345 606 2191 SWITZERLAND First Direct 2.09% Tracker +1.99% for term 25% £490 ELV 0800 482 448 money in the UK with BALANCE TRANSFERS GBP>CHF 22 per cent in financials FIRST-TIME BUYER / LOW DEPOSIT and 21 per cent in Provider Card type Introductory purchase Transfer fee 2 APR 1 Contact Lender Rate Scheme Deposit Fee Notes Contact industrials. The biggest M&S Bank Transfer Plus Mastercard 0% for 28 months 2.85% (min £5) 19.9% 0800 997 996 HSBC 2.44% Tracker +2.34% for 2 years 10% £999 ELV 0800 494 999 individual holdings are in TSB Platinum Mastercard 0% for 28 months 2.95% (no min) 19.9% 0345 835 3846 HSBC 2.14% Fixed to 30.09.22 10% £999 LV 0800 494 999 the pharmaceutical firm Tesco Bank Clubcard Mastercard 0% for 26 months 2.98% (no min) 19.9% 0345 300 4278 Glaxo Smith Kline, the oil 1.19 Nationwide 1.84% Fixed for 5 years 25% £999 AHPV 0800 302 010 giant Royal Dutch Shell CASHBACK CARDS BUY TO LET and Ceres Power Provider Card type APR 1 Cashback Contact AUSTRALIA Lender Rate Scheme Deposit Fee Notes Contact Holdings, a world leader GBP>AUD in fuel cell technology. American Express Platinum Cashback 27.3% 1%-1.25%. Intro 5% for 6 months 0800 917 8047 TSB 1.94% Tracker +1.84% to 30.09.22 25% £995 ELV 0800 056 1088 American Express Platinum Cashback Everyday 22.2% 0.5%-1%. Intro 5% for 6 months 0800 917 8047 Virgin 1.77% Fixed to 01.11.22 25% £995 LV 0345 605 0500 Performance Santander All in One Mastercard 21.7% 0.5% 0800 389 9905 Leeds 1.79% Fixed to 30.09.25 40% £999 LV 0345 045 4049 The trust has lost 1 APR = annual percentage rate, dependent on credit rating. 2 Fee charged on the amount of each balance transfer during the introductory period. Early repayment charge applies unless otherwise stated. * Most deals track Bank of England base rate. 4.6 per cent over one Source: Moneyfacts.co.uk Notes: SVR = Standard variable rate; A = £500 cashback for first-time buyers; B = £500 cashback; D = £250 cashback; E = No early repayment year, putting it third of the 1.82 charge; H = Help to Buy scheme; L = Free legal work for remortgages; P = Purchases only; R = Free valuation and legal work for remortgages; S = Remortgage only; V = Free valuation. 25 trusts in its sector. Over Source: landc.co.uk — 0800 373 300 five years it has returned 23.5 per cent, which puts it fifth out of 25. SAVINGS ACCOUNTS INSTANT ACCESS What the manager says Katie Thorpe, the chief Provider Account name Min deposit Interest rate Contact CASH ISAS financial officer, said: NS&I Income Bonds £500 1.15% nsandi.com INSTANT ACCESS “In the past ten years NS&I Direct Saver £1 1% nsandi.com Provider Account name Min deposit Interest Transfers in Contact Law Debenture’s Leeds Building Society Limited Issue Online Access (Issue 13) £1,000 0.85% leedsbuildingsociety.co.uk NS&I Direct Isa £1 1% No nsandi.com Professional Services business, IPS, has funded Ford Money Flexible Cash Isa £1 0.65% Yes fordmoney.co.uk NOTICE ACCOUNTS about 35 per cent of FIXED RATE dividends. The managers Provider Account name Notice period Min deposit Interest rate Contact Provider Account name Term Min deposit Rate Transfers in Contact invest in companies with BLME 90-day Notice (Issue 3) 90 days £10,000 1.1% blme.com Leek United BS 1-year Cash Isa 1 year £1,000 0.75% Yes leekunited.co.uk strong advantages where Allica Bank 95-day Notice Personal Savings (Issue 1) 95 days £1,000 1.1% allica.bank the valuation does not UBL UK 2-year Cash Isa 2 years £2,000 0.9% Yes ubluk.com UBL 35-day Notice 35 days £1 1% ubluk.com reflect growth prospects. For the past 41 years the FIXED-RATE BONDS Source: Savingschampion.co.uk — 0808 178 5354 trust has increased or Provider Account name Term Min deposit Interest rate Contact maintained its dividend.” Allica Bank 12-month Fixed-Term Savings (Issue 4) 1 year £1,000 1.05% allica.bank What the experts say Allica Bank 24-month Fixed-Term Savings (Issue 2) 2 years £1,000 1.2% allica.bank Mick Gilligan from the UBL UK 3-year Fixed Term Deposit 3 years £2,000 1.3% ubluk.com stockbroker Killik & Co, CHILDREN’S ACCOUNTS said: “The trust’s DEALS ARE LISTED ONLY IF THEY ARE COVERED BY THE UK FINANCIAL SERVICES COMPENSATION SCHEME (FSCS) OR A EUROPEAN EQUIVALENT Provider Account name Account type Min deposit Interest rate Contact professional services Source: Savingschampion.co.uk — 0808 178 5354 Halifax Kids’ Monthly Saver Regular saver £10 4% halifax.co.uk businesses tend to be more resilient than Santander 1 123 Mini Current Account Current account £1,500 2.96% santander.co.uk conventional equity Saffron BS 2-year Fixed-rate Bond Fixed-rate bond £500 1.65% saffronbs.co.uk income. There is also 1 Interest paid on balances between £1,500 and £2,000 more than a year’s worth JUNIOR ISAS of dividend in revenue ENERGY DEALS Supplier Average annual bill Rate Contact Provider Account name Min deposit Interest rate Rate Contact reserves. Last month Table shows the cheapest tariff from the 3three cheapest EBICo £821 Fixed 0800 028 6699 NS&I Junior Isa £1 3.25% Variable nsandi.com the trust said the dividend suppliers.Excludescheapest suppliers. fixed Excludes tariffs fixed of less tariffs than of 12 would be at least as months’less than duration. 12 months’ Excludes duration, tariffs tariffs that that do not have Yorkshire Energy £829 Fixed 0113 451 0700 Tesco Bank Junior Cash Isa £1 3.15% Variable tescobank.com high as last year’s.” nationaldo not have coverage. national Excludes coverage tariffs and tariffswhere payments Tonik Energy £833 Fixed 0333 344 2686 arewhere taken payments in advance are takenof the in customer advance coming of on Coventry BS Junior Cash Isa (1) £1 2.95% Variable coventrybuildingsociety.co.uk Mark Atherton supply.the customer F=Fixed coming rates V=Variableon supply. rates Source: TheEnergyShop.com — 0800 448 0205 Source: Savingschampion.co.uk — 0808 178 5354 Millennial gamers Fixed mortgages that now let Putting the lid pay big bucks to on property relive their youth you bail out half way through fund fire sales Ali Hussain OutRun is attracting David Byers Mark Atherton open-ended funds, where customers willing to pay money is coming in and going Although the new Xbox and £190.
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