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Wednesday 03rd of November 2010

News Tag: new products

May 13, 2010

Post Offices launches affordable mortgages

by David Masters
The Post Office has launched a new range of mortgages targeted at first time buyers. Consumers can take out the new mortgage products with a deposit of just 10%. The two-year, three-year, and five-year fixed rate mortgages have interest rates between 5.45% and 5.99%. A tracker mortgage is also available at 5.49%. Marco Hughes, director of personal lending at the Post Office, said: "Whilst there are existing 90% deals available, ...



January 26, 2010

Apple profits surge 50% due to high demand

by Kay Murchie
Apple profits surge 50% due to high demand
Apple has benefited from the continued popularity of iPhones and posted a net profit of $3.4 billion (£2.08 billion) in the three months to 26 December - a 50% rise compared with a year earlier. The California-based technology giant, which has bucked the trend in the economic downturn, impressed analysts after sales grew 32% in the period to $15.7 billion. The ...



January 18, 2010

Leeds launches 3.5% fixed-rate ISA

by David Masters
Leeds launches 3.5% fixed-rate ISA
Leeds Building Society has launched two new fixed-rate ISAs paying interest at up to 3.5%. The new accounts include a three-year fixed-rate ISA, paying interest at 3.5%, and a two year product paying 3% interest. Both accounts can be opened with a minimum deposit of just £1, and both accept transfers from previous ISA subscriptions. Savers can withdraw up to 25% of their initial deposit, ...



September 26, 2009

Leeds unveils two-year mortgage deals

by David Masters
Leeds unveils two-year mortgage deals
Leeds Building Society unveiled two new mortgage products this week. The new products include a two-year base rate tracker (BRT) mortgage, and a two-year fixed-rate mortgage. The BRT mortgage is available to homeowners borrowing up to 75% of the value of their property, with interest charged at 2.7% above the Bank of England's base rate. Customers opting for the fixed-rate deal will be charged interest ...



September 23, 2009

Bradford & Bingley launches 3.3% Notice Saver

by David Masters
”Bradford
Bradford & Bingley (B&B;) has launched a new online Notice Saver account paying interest at a variable rate of 3.3% gross/AER. New and existing B&B; customers can open the account with a minimum balance of just £1. The account includes an instant access option for savers who need to withdraw their money. Account holders can choose to have interest paid monthly or annually. "For ...



September 9, 2009

The Nottingham launches financial planning arm

by David Masters
”The
The Nottingham has announced plans to provide pensions, investments, and insurance products in its 32 branches across the East Midlands. Branch-based financial advisers will advise customers on the best products to meet their needs. The building society said the new products are part of its plans to expand and evolve, and will help it to counter a "personal finance black hole" in the ...



August 17, 2009

Open a 4% bond with £100 at Leeds

by David Masters
”Open
A new bond from Leeds Building Society paying 4% interest can be opened with as little as £100. The four-year fixed-rate bond was launched alongside a two-year bond paying 3.5% interest. Both bonds can be opened with a minimum investment of £100 and a maximum of £1,000,000. Furthermore, both allow savers to withdraw up to 10% of the initial amount invested without ...



August 11, 2009

L&G unveils new over-50s life policies

by David Masters
”L&G
Legal & General (L&G;) has expanded its range of life insurance products with three new guaranteed acceptance plans for the over-50s. Applications for the Fixed, Increasing, and Funeral policies are guaranteed to be accepted for policy holders aged between 50 and 80. The Fixed plan offers a fixed cash sum payable upon death in exchange for fixed premiums. The Increasing Plan's value rises with ...



August 5, 2009

Abbey launches 3.2% business bond

by David Masters
Abbey launches 3.2% business bond
Abbey Business this week launched two new bonds paying up to 3.2% interest and aimed at SMEs. The bonds, available to businesses with a turnover of up to £1 million, are available for business savings between £50,000 and £2 million. The 12 month Fixed Rate Business Bond pays 3.2% gross pa/AER, maturing on 1 September 2010. The 9 month Fixed Rate Business Bond pays 2.8% ...



July 22, 2009

NS&I see savers flee as confidence returns

by Kay Murchie
”NS&I
Government-backed National Savings & Investments (NS&I;) said it has been hit by a return in confidence in banks. The financial crisis led to many British savers withdrawing their funds from banks and choosing safer havens, such as the NS&I.; In the final quarter of 2008, which covered the height of the banking crisis, NS&I; reported a 65% rise in new deposits, with ...



June 29, 2009

Egg unveils two new savings accounts

by David Masters
”Egg
Internet bank Egg this week unveiled an instant access savings account and a fixed-rate bond. The Egg Bonus Savings Account pays 2.8% gross pa/AER, including a fixed-rate bonus of 1.55% for the first 12 months. The account can be opened with a minimum investment of £1, and offers the flexibility of unlimited penalty-free deposits and withdrawals. From next month, savers will be able to ...



June 5, 2009

Cater Allen launches bond series

by David Masters
”Cater
Cater Allen has launched a series of new fixed-rate bonds paying interest at up to 5.25%. The Santander-owned private bank said the bonds offer security of capital and a fixed, guaranteed return. Bonds offered by the bank include a three-year escalator bond, a two-year bond, a 12-month bond, and a nine-month bond. The three year escalator bond requires a minimum deposit of £5,000 and pays ...



May 1, 2009

Interest on Abbey mortgages lowest for 10 years

by David Masters
Interest on Abbey mortgages lowest for 10 years
Abbey has launched a new range of fixed-rate mortgage products which it claims are the best it has offered in a decade. The Santander-owned bank said interest rates on three of its new mortgages are the lowest in ten years. Available at a maximum 75% loan-to-value (LTV), the new products include a 3-year fix at 4.09%, a 7-year fix at 4.99% ...



March 27, 2009

Saga launches two new ISAs

by David Masters
Saga launches two new ISAs
Saga Personal Finance has announced plans to launch two new ISA products on 1 April, paying interest at up to 2.95% tax free/AER. The One Year Fixed Rate Cash ISA pays annual interest at 2.95% tax free/AER, whilst the Saga One Year Fixed Rate Monthly Interest ISA pays interest at 2.91% tax free or 2.95% AER. Minimum deposit for both accounts is £1, and ...



March 26, 2009

Nationwide launches 4.15% five year bonds

by David Masters
Nationwide launches 4.15% five year bonds
Nationwide has unveiled two new five year fixed-rate bonds, paying interest at up to 4.15% gross p.a./AER. The building society yesterday launched both the Five Year Fixed Rate Bond and the Five Year e-Bond to new and existing customers. Andy McQueen, Nationwide's savings and mortgages director, said: "I'm delighted to announce the launch of our new Five Year Fixed Rate Bond and Five ...



March 10, 2009

Alliance & Leicester offers guaranteed investment products

by David Masters
Alliance & Leicester offers guaranteed investment products
Alliance & Leicester has launched two new guaranteed investment products. Both the Guaranteed Growth Plan (Issue 20) and the Guaranteed Capital Plus (Issue 7) come with a capital guarantee and a minimum return if held for the full term. The products are available until 18 March 2009, and have a minimum investment of £1,500. The Guaranteed Growth Plan is available either for a ...



February 24, 2009

LV= launches investment ISA trio

by David Masters
LV= launches investment ISA trio
LV= has launched a trio of new individual savings accounts (ISAs) - a Diversified Income ISA, a Balance Managed ISA, and a Stockmarket ISA. The three ISAs have been designed to appeal to the individual needs of a range of investors depending on the level of risk they are prepared to take. The Diversified Income ISA invests in a broad range of equity, fixed ...



February 23, 2009

Nationwide rolls-out new fixed rate bonds

by David Masters
Nationwide rolls-out new fixed rate bonds
Nationwide Building Society has launched a new range of fixed-rate bonds, e-bonds, and ISA bonds paying annual interest of up to 3.75%. Nationwide's new four-year fixed-rate bond pays interest at up to 3.75%, whilst its two year bond pays 3.50%. Its three year e-bond pays up to 3.60%, its two year e-bond pays up to 3.35%, its one year e-bond pays up to ...



February 16, 2009

Cheshire and Derbyshire launch fixed-rate bonds

by David Masters
Cheshire and Derbyshire launch fixed-rate bonds
Nationwide-owned Cheshire and Derbyshire Building Societies have launched a new range of fixed-rate bonds. The bonds include a one and a two year deal, with interest for both accounts paid either on maturity at 3.75% Gross/AER (3.00% net), or monthly at 3.69% gross (3.75% AER/2.95% net). Minimum investment at Cheshire is £5,000; maximum £2,000,000. Derbyshire's minimum is £5,000; maximum £1,000,000. Gary Wilkinson, Nationwide's ...



Nationwide cuts interest on fixed-rate mortgages

by David Masters
Nationwide cuts interest on fixed-rate mortgages
Nationwide has announced interest rate cuts on a number of its fixed-rate mortgages, and has launched a new range of tracker mortgages. From February 17, new fixed-rate mortgage customers at the building society will be able to sign up for deals 0.2% lower than current rates. The lower rates will also be available on remortgages and to current Nationwide customers renewing their mortgage ...



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