Monthly Money Savers
June 2013
Everyday personal financial information you may need. The following information is for your general use as a guide to some of the leading products in the market place this month. Information given is for general guidance only and specific advice should be taken before acting on any suggestions made. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The value of shares and investments can go down as well as up. Worldwide Financial Planning Limited is authorised and regulated by the Financial Conduct Authority.
Have a look at the following Best Buys information - it may save you money.
These are some of the leading mortgage rates in the UK based on a 25-year Interest Only mortgage of £90,000 on a property valuation of £180,000. This is an illustration of what you might expect to pay per month. Source: Trigold 1st June 2013.
2 Year Fixed Rate
| Interest Rate | 1.95% Fixed until 30/06/2015 Changing to. | A Variable Rate which is currently 5.69% for the remainder of the term. | The overall cost for comparison is 5.5% APR |
| Monthly Repayment | £146.25 | £426.75 Variable |
Now put this information into our Mortgage Calculator
An early repayment charge is payable if you repay all or part of this mortgage within the scheme period.
5 Year Fixed Rate
| Interest Rate | 2.79% Fixed for 5 Years Changing to… | A Variable Rate which is currently 3.99% for the remainder of the term. | The overall cost for comparison is 3.8% APR |
| Monthly Repayment | £209.25 | £299.25 Variable |
Now put this information into our Mortgage Calculator
An early repayment charge is payable if you repay all or part of this mortgage within the scheme period.
2 Year Variable Rate
| Interest Rate | A Tracker Rate which is 1.64% above the BOE base rate giving a current rate payable of 2.14% for 2 years, Changing to… | Variable Rate, currently, 3.99% for the remainder of the term. | The overall cost for comparison is 3.9% APR |
| Monthly Repayment | £160.50 | £299.25 Variable |
Now put this information into our Mortgage Calculator
An early repayment charge is payable if you repay all or part of this mortgage within the scheme period.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You can choose how we are paid.
You can pay purely on a fee basis as an upfront fee of £750.
Alternatively you can pay us fee of £245 and we will also receive a fee from the lender in the form of a commission generally displayed as a percentage of the loan. For example if the fee we receive is 0.25% of the loan and the loan is £50,000 then we will receive a commission from the lender of £125.
| Provider | Loan Amount | Repayment Period | Interest Rate APR (fixed) | Monthly Repayment | Total Repayable |
| Derbyshire Building Society Online Personal Loan | £10,000 (unsecured) | 60 months | 5.0% | £188.20 | £11,292.00 |
| Clydesdale Bank Online Personal Loan | £10,000 (unsecured) | 60 months | 5.1% | £188.64 | £11,318.40 |
| Sainsburys Bank Standard Nectar Cardholder Loan | £10,000 (unsecured) | 60 months | 5.1% | £188.64 | £11,318.40 |
| Zopa A* | £10,000 (unsecured) | 60 months | 5.1% | £188.64 | £11,318.40 |
| Hitachi Capital (UK) PLC Personal Finance Hitachi Personal Loan | £10,000 (unsecured) | 60 months | 5.4% | £189.95 | £11,397.00 |
| Sainsburys Bank Reward Nectar Cardholder Loan | £10,000 (unsecured) | 60 months | 5.5% | £190.40 | £11,424.00 |
| Zopa A** | £5,000 (Unsecured) | 60 months | 6.4% | £97.18 | £5,830.80 |
| Hitachi Capital (UK) PLC Personal Finance Hitachi Personal Loan | £5,000 (Unsecured) | 60 months | 6.5% | £97.40 | £5,844.00 |
| Clydesdale Online Bank Personal Loan | £5,000 (unsecured) | 60 months | 6.9% | £98.28 | £5,896.80 |
| Rate Setter 5 Year Unsecured Personal Loan | £5,000 (unsecured) | 60 months | 7.0% | £98.50 | £5,910.00 |
| Sainsburys Bank Standard Nectar Cardholder Personal Loan | £5,000 (Unsecured) | 60 months | 7.0% | £98.50 | £5,910.00 |
Source: Money Facts 3rd June 2013
*£150 Application fee applies
**£60 Application fee applies
Loans are subject to status.
The lowest interest rates charged on the amount borrowed, based on a 35 year old with no CCJs. Written quotations available on request. Representative APR – Annual Percentage Rate which is the advertised interest rate for the loan. The APR includes interest and fees so you can compare different loans.
The lowest interest rates charged on the outstanding balance
| Provider | Annual Fee | Representative APR (Variable) | Online appn. Only |
| Sainsbury’s Bank Low Rate Credit Card Mastercard | None | 7.8% | No |
| Sainsbury’s Bank Nectar Low Rate CC M’card | None | 7.8% | No |
| Barclaycard Platinum Simplicity Visa | None | 7.9% | Yes |
| Natwest Low Rate Credit Card Visa | None | 9.9% | Yes |
| Royal Bank of Scotland RBS Low Rate Credit Card Visa | None | 9.9% | No |
| The Co-Operative Bank Platinum Fixed Rate Visa | None | 9.9% | No |
Source: Money Facts 3rd June 2013
Loans are subject to status.
Representative APR – Annual Percentage Rate which is the advertised interest rate for the loan. The APR includes interest and fees so you can compare different loans.
BONDS – Investment Bond Accounts investing £5,000
| Provider | Notice Period | Minimum Initial Deposit | Interest AER | Online appn. Only |
| Virgin Money Fixed Rate Bond Issue 55 | 5 Years | £1 | 3.00% | No |
| Virgin Money Fixed Rate E-Bond Issue 43 | 5 Years | £1 | 3.00% | Yes |
| First Save 5 Year Fixed Rate Bond 2nd Issue | 5 Years | £5,000 | 2.90% | Yes |
| Vanquis Bank High Yield | 5 Years | £1,000 | 2.56% | Yes |
| Skipton Bank Fixed Rate Branch Bond | 5 Years | £500 | 2.40% | No |
| Skipton Bank 5 Year E-Bond | 5 Years | £500 | 2.40% | Yes |
| Yorkshire Building Society Fixed Rate Bond | 5 Years | £1,000 | 2.40% | No |
| Chelsea Building Society Fixed Rate Bond | 5 Years | £1,000 | 2.40% | No |
| Barnsley Building Society Fixed Rate Bond | 5 Years | £1,000 | 2.40% | No |
| Norwich & Peterborough Building Society 5 Year Bond | 5 Years | £1,000 | 2.40% | No |
| Julian Hodge Bank Capital Millenium Bond | 5 Years | £1,000 | 2.40% | No |
Source: Money Facts 3rd June 2013
OFFSHORE INVESTMENT ACCOUNTS - Investing £5,000
| Provider | Notice Period | Account Type | Interest AER |
| Barclays Wealth and Investment Management Monthly Saver | 1 Year | Offshore Variable | 5.00% |
| Lloyds TSB International Regular Saver | 1 Year | Offshore Variable | 3.00% |
| Norwich & Peterborough Building Society 5 Year Fixed Rate Bond | 5 Year | Offshore Fixed | 2.50% |
| Norwich & Peterborough Building Society 3 Year Fixed Rate Bond | 3 Year | Offshore Fixed | 2.30% |
| The Co-Operative Fixed Term Deposit | 2 Year | Offshore Fixed | 2.08% |
Source: Money Facts 3rd June 2013
Examples showing £5,000 saved
SAVINGS ACCOUNTS – Highest Interest received on accounts that require no notice to withdraw funds
| Provider | Notice Period | Interest Rates | Online appn. Only |
| Leeds Building Society Fixed Freedom | No Notice | 1.76% | No |
| National Savings & Investments Income Bonds | No Notice | 1.76% | No |
| Nationwide Building Society MySave Online Plus | No Notice | 1.70% | Yes |
| Yorkshire Building Society Triple Access Saver Issue 3 | No Notice | 1.65% | No |
| Chelsea Building Society Triple Access Saver Issue 3 | No Notice | 1.65% | No |
| Barnsley Building Society Triple Access Saver Issue 3 | No Notice | 1.65% | No |
Source: Money Facts 4th June 2013
SAVINGS ACCOUNTS – Highest interest rates received on accounts that require the notice shown to withdraw funds
| Provider | Access/Term | Account Type | Interest Rates | Online appn. Only |
| United Bank UK 90 Day Notice Gold | 90 Day | Variable | 2.26% | No |
| Shawbrook Bank 120 Day Notice Personal Savings Account Issue 8 | 120 day | Variable | 2.10% | No |
| Investec Bank PLC Investec High 5 Issue 2 | 6 Month | Variable | 2.08% | No |
| Marsden Building Society Branch Saver 120 Issue 2 | 3 month | Variable | 2.05% | No |
| Principality Building Society Principality Promise Saver Issue 3 | 30 Day | Variable | 2.00% | No |
| Shawbrook Bank 90 Day Notice Personal Savings Account Issue 7 | 90 Day | Variable | 2.00% | No |
| Buckinghamshire Building Society Chiltern Gold Income Generator Issue 4 | 180 Day | Variable | 2.00% | No |
| Investec Bank PLC Investec High 10 | 3 Month | Variable | 2.00% | No |
Source: Money Facts 3rd June 2013
CASH ISAs – Investing £5,760
| Provider | Interest AER | Interest Paid | Online Appn. Only | AccountType |
| Virgin Money Fixed Rate Cash ISA Issue 42 | 2.40% | Monthly | No | Cash ISA |
| Skipton Building Society 5 Year Fixed Rate ISA (Online Option) | 2.40% | Monthly | No/Yes | Cash ISA |
| Nationwide Building Society 4 Yr Fixed Rate ISA | 2.27% | Monthly | No | Cash ISA |
| Aldermore 3 Yr Fixed Rate Cash ISA | 2.25% | Monthly | No | Cash ISA |
| Monmouthshire Building Society Cash ISA 4 | 2.22% | Monthly | No | Cash ISA |
Source: Money Facts 3rd June 2013
£120,000 Level Term Assurance for a 30-year old male non-smoker at standard rates over 10 years at a monthly premium of £6.66 with Aviva.
Source: Exweb June 2013
Simply Cash Plan. From £10.85 per month. Joining before 30th June 2013 and you will get 1 month free and a £15 Love2shop voucher.
Source: Simply Health June 2013
The above “Money Saver” information is correct at the time of printing.
Worldwide Financial Planning Ltd. is authorised and regulated by the Financial Conduct Authority.
The FCA does not regulate Credit Cards, Will Writing and some forms of mortgage and Inheritance Tax Planning.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Information given is for general guidance only, and specific advice should be taken before acting on any suggestions made.
Need further advice? Contact your dedicated adviser on:
0800 0112825 or complete the enquiry form
and we'll call you straight back.
Our fee guarantee: You will not pay any fees unless we can help you.
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