Archive for the 'five year' Category

Leeds launches 4.6% ISA for new tax year

Leeds Building Society this week launched an ISA paying interest at 4.6%.
The five-year fixed rate account can be opened with just £1.
Savers can access up to 25% of their savings at any time without notice or penalty.
Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said the ISA is a “market leading offer”, adding that [...]

Two and five-year fixed rates trimmed back

The average cost of a two-year fixed-rate mortgage fell to a six-and-a-half-year low during February, according to new figures from the Bank of England.
The average rate stood to 3.88%, down from 3.97% a month earlier to a level last seen in July 2003.
Five-year fixed-rates also eased last month, declining to an average 5.49%, down from [...]

Fund a cruise with interest from savings

The extra interest earned by savers who shop around for the best deal on a fixed-rate bond could pay for an all-inclusive Mediterranean Cruise for two, Yorkshire Building Society (YBS) said this week.
“Just by spending a few minutes shopping around when buying a bond can make a big difference to savers’ returns,” said Sarah Lawrence, [...]

Leeds launches five-year 5.35% mortgage

Leeds Building Society has launched a new fixed-rate mortgage for customers with a deposit of at least 25%.
Interest on the five-year mortgage is fixed at 5.35%, and customers can borrow at up to 75% loan-to-value (LTV).
Borrowers can make up to 10% capital repayments each year without penalty.
Kim Rebecchi, Leeds director of sales and marketing, said [...]

No turning back for fixed rates

Latest figures from Moneyfacts.co.uk show a sharp rise in the cost of a two-year fixed-rate mortgage during the past week.
According to the financial website, the average cost of a two-year fixed-rate deal increased by 0.16% between Monday and Friday, to 4.90%.
Meanwhile, five-year fixes increased by an average 0.21% over the same period, to 5.82%.
Nationwide began [...]