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Don’t miss out: This week’s new product launches

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New product launches for the week starting 23rd February.

The Co-operative Bank has reduced the rates on a selection of its fixed mortgage products. First-time buyers, remortgagers and house purchasers can choose from a range of new 2, 3 and 5 year rates including: a 2 year fixed rate at 1.24%, up to 60% LTV and a 5 year fixed rate at 2.24%, up to 60% LTV. The new rates come with a product fee of £1,499 and free standard valuation for both purchases and remortgages. A cashback of £250 is available to existing Co-operative Bank current account customers.

Norwich & Peterborough Building Society (N&P) has launched two new mortgages designed to keep up-front costs to a minimum. It is offering a 65% LTV two-year fixed rate mortgage at 1.94% and a 90% LTV two-year fixed rate with a rate of 3.39%. Each has zero product fees, includes a free standard valuation and £200 cashback on completion. Both mortgages are available for house purchase and remortgage customers.

TD Direct Investing is offering customers a 100% discount on TD platform fees when investing over £10,000 in Funds within an ISA. Customers will receive from £75 to £2,000 cashback when they switch to TD from another provider. Customers could also benefit if they already hold funds with TD by transferring in more funds. If an additional £10,000 is invested by current TD fund holders they will benefit from £0 platform fee across all the funds they hold.

Current accounts
From 1 March HSBC launches Save Together. HSBC Advance customers who pay in at least £25 a month into a Loyalty Cash ISA will receive an extra £10 a month for 12 months, on top of 1.5% AER interest. Customers who prefer to pay a lump sum can deposit a minimum of £300 and still receive an extra £10 a month. Payments can include transfers in from another ISA. The payments of £10 will be made as additional interest payments and do not contribute towards customers’ annual ISA allowance.

TSB has launched a new and improved mobile banking app for Android and Apple smartphones and tablets. In addition to featuring an updated look, the new app is designed to be easier to use, as well as faster and more responsive than the previous version.

Halifax is increasing its switching offer for a limited period, offering a £125 reward for customers who switch their current account to the bank using the Current Account Switch Service (CASS) and close their old account held elsewhere. The £125 is paid into the customer’s account within three working days of the switch completing. The bank will also pay 12 x £5 monthly reward payments when customers pay in £750; pay out two direct debits, and stay in credit each month. Online and mobile banking customers can also earn cashback with a range of top retailers

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