The Times - UK (2020-09-05)

the times | Saturday September 5 2020 1GM 67

Money

National Savings & investments

Notice or Min AER Interest Term

Accounts and bonds

Income Bonds None £500 1.16% Monthly

Direct Saver None £1 1.00% Yearly

Investment Account None £20 0.80% Yearly

Tax-free products

Junior Isa Age 18 £1 3.25% Yearly

Direct Isa None £1 0.90% Yearly

Credit cards

Introductory rate for balance transfers

Bal transPurch Provider Contact Product name Transfer Fee APR

M&S Bank 0800 997 996 Transfer Plus MC 0% 1st 28 mths 2.85% 19.9%

TSB 0345 835 3846 Platinum BT MC 0% 1st 28 mths 2.95% 19.9%

MBNA Limited 0345 606 2062 Long 0% BT MC 0% 1st 26 mths 2.99% 20.9%

HSBC 0345 7404 404 BT CC Visa 0% 1st 25 mths 1.50% 21.9%

MBNA Limited 0345 606 2062 Low Fee 0% BT CC 0% 1st 24 mths 1.50% 20.9%

Introductory rate for purchases

Introductory Purch Provider Contact Product name Term APR

M&S Bank 0800 997 996 Shopping Plus MC 0% 1st 20 mths 19.9%

TSB 0345 835 3846 Platinum Pur MC 0% 1st 20 mths 19.9%

Tesco Bank 0345 300 4278 Clubcard CC Pur MC 0% 1st 18 mths 19.9%

Barclaycard 0800 731 0200 Platinum 0% Pur & BT Visa 0% 1st 18 mths 20.9%

MBNA Limited 0345 606 2062 0% Trans and Pur CC MC 0% 1st 18 mths 20 .9%

Current accounts

Credit interest

Account Provider Contact Account name Fee AER

Halifax 0345 720 3040 Reward Current Account None £5 pm C

The Co-op Bank 0345 721 2212 Current Everyday Rewards None £2 pm C

Virgin Money 0800 678 3654 Current Account None 2.02%

Nationwide BS 0800 302010 FlexDirect None 2% B

TSB 0345 975 8758 Classic Plus None 1.5%

Savings

Easy access (without introductory bonus)

Provider Contact Account Min AER

NS&I via website Income Bonds £500 1.16%

NS&I via website Direct Saver £1 1.00%

Skipton BS via website eSaver 16 £25,000 0.90%

Paragon Bank via website Triple Access (1) £1 0.80%

NS&I via post Investment Account £20 0.80%

Long-term fixed rates

BLME A via website Premier Deposit (7 yr) £1,000 1.50% F

UBL UK via branch Fixed Deposit (5 yr) £2,000 1.50% F

UBL UK via branch Fixed Deposit (7 yr) £2,000 1.45% F

Paragon Bank via website Fixed Rate (5 yr) £1,000 1.40% F

Gatehouse Bank A via website Fixed Term Deposit £1,000 1.40% F

Easy access cash Isas

Cynergy Bank via website Online Isa (4) £1 0.90%

NS&I via website Direct Isa £1 0.90%

Paragon Bank via website Triple Access Isa (1) £1 0.80%

Skipton BS via website Online Bonus Isa 12 £1 0.70% B

Ford Money via website Flexible Isa £1 0.65%

Fixed-cash Isas

UBL UK via branch Fixed Rate Isa (5 yr) £2,0001.40% F

United Trust Bank via post Isa Bond (7 yr) £15,0001.30% F

Coventry BS via website Isa (117) (30.11.25) £11.25% F

Gatehouse Bank A via website Fixed Term Isa (5 yr) £1,0001.25% F

Shawbrook Bank via website Fixed Rate Isa 3 (7 yr) £1,0001.25% F

Lifetime cash Isas

Moneybox via website Cash Lifetime Isa £1 1.10%

Nottingham BS via website Lifetime Isa Online 2 £10 1.05%

Paragon Bank via website Cash Lifetime Isa (2) £1 0.75%

Skipton BS via website Online Lifetime Isa 3 £1 0.35%

Newcastle BS via website Cash Lifetime Isa (3) £1 0.35%

Regular savings accounts

Mntly

West Brom BS via branch Regular Saver (4) £10 2.00% F

Coventry BS 0800 121 8899 Regular Saver (2) £0 1.85% V

Principality BS via website 1 Year Regular Saver 22 £0 1.50% F

Kent Reliance via branch One Year Savings - 5 £1 1.50% V

Monmouthshire BS via website Regular Saver - 4 £20 1.50% F

Pension annuities

Single life

Provider Contact Age 60 Age 65 Age 70

Hodge 0800 023 7233 £1,969.00 £2,281.00 £2,660.00

Legal & General 0345 765 4465 £1,944.48 £2,260.56 £2,659.68

Canada Life 0345 300 3199 £1,930.68 £2,244.36 £2,605.32

Aviva 0800 015 5064 £1,823.18 £2,229.38 £2,554.17

Just 0345 302 2287 £1,836.00 £2,156.28 £2,584.08

Joint life

Provider Contact Male: Age 60 Age 65 Age 70
Female: Age 55 Age 60 Age 65

Hodge 0800 023 7233 £1,627.00 £1,835.00 £2,080.00

Legal & General 0345 765 4465 £1,585.68 £1,821.36 £2,073.24

Canada Life 0345 300 3199 £1,622.40 £1,814.76 £2,067.60

Aviva 0800 015 5064 £1,431.02 £1,707.74 £1,893.71

Just 0345 302 2287 £1,488.00 £1,689.96 £1,935.00

Based on a pension pot of £50,000.

Personal loans

Fixed monthly repayment on £10,000 for 5 years (without insurance) Rep Amount per Total Provider Contact APR month repaid

cahoot via website 2.8% £178.64 £10,718.40

TSB 0345 835 3861 2.8% £178.64 £10,718.40

John Lewis 0345 266 1380 2.9% £179.07 £10,744.20

M&S Bank 0800 363400 2.9% £179.07 £10,744.20

Borrowing rates and availability of products are subject to individual credit ratings.

Mortgages

First-time buyer mortgages

Redmptn Provider Contact Initial Period Max Fee Charge Rate LTV Until Nationwide BS 0800 302010 3.24% F for 2 years 90% £999 1st 2 yrs

Nationwide BS 0800 302010 3.49% F for 2 years 90% - 1st 2 yrs

Nationwide BS 0800 302010 3.24% F for 5 years 90% £999 1st 5 yrs

Nationwide BS 0800 302010 3.49% F for 5 years 90% - 1st 5 yrs

Virgin Money 0330 057 1701 3.39% F to 1.1.31 90% £995 To 1.1.31

Remor tgages

Redmptn Provider Contact Initial Period Max Fee Charge Rate LTV Until first direct 0800 482448 1.34% F for 2 years 60% £490 1st 2 yrs

Lloyds Bank 0800 783 3534 1.50% F to 30.11.22 80% £999 To 30.11.22

Vernon BS 0330 057 1701 2.25% F to 30.9.23 85% £999 To 30.9.23

Lloyds Bank 0800 783 3534 1.57% F to 30.11.25 75% £999 To 30.11.25

first direct 0800 482448 2.09% V term 75% £490 None

Short-term fixed-rate mortgages

Redmptn Provider Contact Initial Period Max Fee Charge Rate LTV Until first direct 0800 482448 1.34% for 2 years 60% £490 1st 2 yrs

West Brom BS 0800 298 0008 1.44% to 30.11.22 75% £999 To 30.11.22

first direct 0800 482448 1.99% for 2 years 85% £490 1st 2 yrs

West Brom BS 0800 298 0008 1.94% to 30.11.23 75% - To 30.11.23

Vernon BS 0161 429 6262 2.25% to 30.9.23 85% £999 To 30.9.23

Long-term fixed-rate mortgages

Redmptn Provider Contact Initial Period Max Fee Charge Rate LTV Until first direct 0800 482448 1.49% for 5 years 60% £490 1st 5 yrs

Barclays Mortgage 0333 202 7580 1.99% to 31.10.30 60% £999 To 31.10.3 0

Yorkshire BS 0345 120 0874 3.15% to 30.11.30 85% £495 To 30.11.30

Variable-rate mortgages

Provider Contact Initial Period Max Fee Charge Rate LTV Until first direct 0800 482448 2.09% term 75% £490 None

first direct 0800 482448 2.24% term 75% - None

first direct 0800 482448 2.44% term 80% £490 None

first direct 0800 482448 2.59% term 80% - None

Natwest 0800 587 6599 4.25% term 80% £499 None

Buy-to-let Mortgages

Redmptn Provider Contact Initial Period Max Fee Charge Rate LTV Until Leek United BS 0808 169 6680 2.00% D for 2 years 65% - 1st 2 yrs

Hinckley & Rugby BS 01455 251234 3.14% D for term 75%£1,500 None

NatWest 0800 587 6599 1.35% F to 31.12.22 60% £995 To 31.12.22

TSB 0808 274 5506 1.89% F to 31.12.23 60% - To 31.12.23

Post Office Money® 0800 077 8033 2.11% F to 30.11.25 75%£1,495 To 30.11.25

The selections above are based on a combination of initial rate, fee and incentive available.

Best buys

Cashback credit card

Purchase Provider Contact Product name APR Cashback

American Express 0800 917 8047 Platinum Cashback 27.3% 1% - 1.25% standard Intro 5%/3mth (max £125) American Express 0800 917 8047Plat Cashback Everyday 22.2% 0.50%-1% standard Intro 5%/3mth (max £100) Santander 0800 389 9905 All in One CC M'card 21.7%Standard 0.50% on spend over £1 per month smile 0345 600 6000 Classic CC Visa 19.9%Standard 0.25% on spend over £1 per month Barclaycard 0800 731 0200 Rewards Visa 22.9%Standard 0.25% on spend over £1 per year

Borrowing rates and products subject to credit ratings. Terms apply to all cashback.

Data supplied by

Arranged overdrafts

Account 0% Provider Contact Account name Fee EAR Limit

Starling bank via website Current Account None 15.0% £0

M&S Bank 0800 756 7777 M&S Current Account None 39.9% £250

Virgin Money 0800 678 3654 Current Account None 19.9% £0

Lloyds 0800 015 4000Club Lloyds £3pm 27.5% £50

Barclays 0345 600 4545Bank Account None 35% £15 Current account interest rates paid up to a level. A = Provider operates under Islamic finance principles, rate shown is expected profit. B = Introductory rate for a limited period. C = Paid as a reward. F = Fixed rate. D = Discounted variable rate. V = Variable rate. Savings rates are AER variable unless stated. Methods of operating accounts will vary. Rates and terms are subject to change without notice and should be checked before finalising any arrangement. No liability can be accepted for any loss arising from use of, or reliance on, this information. Readers who are not financial professionals should seek expert advice. Visit moneyfacts.co.uk for full details

The Times - UK (2020-09-05)

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