You are here: Home - Investing -

Product launches of the week

Written by:
EDF launches fixed price energy plan; Halifax reduces balance transfer fees; NatWest to shun brokers and only offer Help to Buy products direct to consumers.


EDF Energy has launched Blue+Price Freeeeze March 2017, the joint-longest fixed price tariff to the market which guarantees prices will be frozen for four winters. It will replace Blue+Price Freeeeze November 2016.

Based on a national average of regional prices, the annual dual fuel bill for a typical customer on Blue+Price Freeeeze March 2017 paying by direct debit would be £1,340 a year.


Tesco Bank has launched four and five-year fixed rate saver products offering 2.65% and 3.05% dross/AER (annual interest) respectively.

Coventry Building Society has launched a medium term fixed rate Cash ISA, paying a rate of 2.75% tax-free p.a. /AER until 31st May 2017. It is available to new and existing customers and no partial withdrawals are permitted.

Saga Savings has launched a new three year fixed rate savings account, rewarding savers with balances of £1 or more with an AER of 2.55%. The new account is available to all UK residents aged 50 or over and savers can choose to have their interest paid monthly or annually.


Halifax has reduced the balance transfer fee on its All in One credit card to 0.8% – matching the Lloyds platinum card. However the Halifax All in One card offers a 15 month interest free period for purchases compared to Lloyd’s three months.


Tesco Bank has cut rates across its two- and three-year mortgage range while raising rates on its five-year products.

The supermarket giant will now offer a two-year fix at 70% LTV for 1.99%, with a £1,300 product fee and £195 booking fee, while the low-fee equivalent is on offer at 2.39%. However, the lender has upped rates across all its five-year products with Tesco’s headline 70% LTV product jumping from 2.79% to 2.99%.

NatWest will shun brokers and only offer Help to Buy mortgage guarantee products through direct channels when the lender launches its range of 95% LTV mortgages later this month.

Coventry Building Society has launched a new residential range with 2 year fixed rates from 2.09%, available with a choice of fee structures and some with no early repayment charges.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Back to basics: the case for investing in frontier markets

Frontier markets have been lauded as the "next big thing" in the investment world.