Hot money deals, 13 June 2012Which? experts round up the best money deals

13 June 2012

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This week, we track down the best savings accounts and cash Isas, as well as the leading credit card and loan deals. We also help you find out how to stay up to date with the latest tech news. 

Best savings accounts

  • Instant access savings: Santander's eSaver Issue 5 account tops the best instant-access savings table at 3.20%. The rate includes a 2.70% bonus payable for 12-months.
  • One-year fixed-rate savings: United National Bank offers the top-paying one-year fixed-rate savings account at 3.45% on minimum deposits of £2,000.  
  • Three-year fixed-rate savings: BM Savings and Close Brothers Savings offer the best three-year fixed-rate savings deals at 4.00%. You can open the BM Savings account with just £1.
  • Five-year fixed-rate savings: Secure Trust Bank currently leads our five-year fixed-rate savings account table, paying 4.45% on balances of at least £1,000.

The market's best cash Isas

  • Instant access cash Isa: Cheshire BS offers the best instant-access cash Isa deal, paying 3.35%. However, this account do not accept transfers in from other providers. The top account that does accept transfers in is Santander's Direct Isa, paying 3.30%.
  • One-year fixed-rate cash Isa: Saga offers the top one-year fixed-rate cash Isa account at 3.60%. This account is available to over-50s only and does not accept transfers in from other providers.
  • Three-year fixed-rate cash Isa: Halifax currently tops our three-year fixed-rate cash Isa table, paying 4.00% on initial balances of at least £500.
  • Five-year fixed-rate cash Isa: BM Savings and Halifax currently lead our five-year fixed-rate cash Isa table, paying 4.25% on balances of £500 and above.

Best credit cards for borrowing

A card with a low typical APR can come in useful if you only want to hold one card and not switch too often. Whether it's to spread the cost of a big purchase, enjoy Section 75 cover or simply for use in case of emergencies, our Best Rate everyday credit card deals offer great value:

  • Sainsbury's Finance Low Rate MasterCard. This card offers the lowest representative APR on the market of 6.9%. You will need to be a Nectar card holder to be eligible.
  • Barclaycard Simplicity Visa comes with a 7.9% representative APR. The card offers access to the Freedom rewards scheme that allows you to earn cashback on purchases with participating retailers, this reward scheme is soon to be replaced by two new programmes with unused Reward Money paid back as credit in September if it is not spent by the end of July. To apply you need to be 21 or above and earn a minimum salary of £20,000.
  • Capital OneRate MasterCard - 9.9% typical APR. To apply you need to be 21 or above and earn a minimum salary of £20,000.
  • Co-operative Bank Platinum Fixed-Rate Visa - 9.9% typical APR (fixed for five years before reverting to a representative APR of 12.9%). To apply you need to be aged 18 or above and earn a minimum salary of £10,000.

The cheapest unsecured personal loans

In our best rate personal loan tables we show the lowest rates available for loans that aren't exclusive to specific account holders or existing customers of banks or other institutions. 

  • For those borrowing £5,000 over three years: Sainsbury's and Santander offer a representative rate of 7.6% APR for a £5,000 loan.
  • For those borrowing £10,000 over five years: M&S Money, Sainsbury's, Tesco Clydesdale Bank and Yorkshire Bank all offer the market-leading rate of 6% APR.

And finally... this week's tip

If you're a self confessed techno-junky and keen to keep up with the latest tech news then visit the Which? Tech Daily blog. 

Our tech researchers bring together daily news stories and views on the latest electronic products where we'd be keen to hear your views as well.