Product launches of the week
Tesco Bank is offering zero per cent interest on balance transfers for 32 months on its Tesco Bank Clubcard Credit Card. The balance transfer fee is 2.9 per cent and new purchases are interest free for three months.
Post Office has launched a pre-paid money card. It can be used on the high street, online and at ATMs and can be either pay as you go or pay monthly. Customers can set their own spending limits, though the maximum load at any one time is £500.
Intelligent Pensions has launched two retirement planning tools to tackle two key questions: whether to buy an annuity and how much to spend in retirement. The Retirement Income Forecaster creates a simple graph to show the income a saver can expect in retirement, while the Annuity or Not Tool produces an indication of whether to annuitise after four simple steps.
Lloyds Bank has launched the Island First Account, a savings account with a rate two per cent AER. The account is available for people under the age of 18 and resident in the Channel Islands or the Isle of Man.
Saga has introduced a two year fixed rate savings account offering an interest rate of 2.10 per cent.
AA Savings has launched a new postal 1-year Fixed Rate Savings Account today, paying 1.70% gross/AER fixed on balances of £1 or more. The account can be opened over the phone or online.
BlackRock has launched the BSF BlackRock Global Long/Short Equity fund, intended to provide exposure for investors seeking returns in global developed market equities. The fund seeks to achieve a positive absolute return with a low correlation to the global developed equity market by going both long and short. It will be co-managed by Kevin Franklin.
Nationwide is offering main current account customers a £50 Amazon voucher when they buy home insurance through the bank. The offer runs until 20 September.
Accord Mortgages is on the verge of a 10 day buy-to-let sale. Reduced rates are available on a number of products at 65 per cent loan-to-value (LTV) from Monday 14 July for a 10-day period.