Savings
West Brom Building Society – Double Access Account (Issue 2)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has launched a new Double Access Account (Issue 2) this week, which pays 3.85%. The account grabs a position towards the top of its sector and may attract savers with as little as £1 to invest who are able to limit their withdrawals to two per year, so careful planning is wise. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.85% gross / 3.85% AER payable yearly / monthly of 3.78% gross / 3.85% AER also available
- Notice / term: None. Matures on 31.8.24 into a West Brom Saver.
- Minimum opening amount: £1
- Maximum investment amount: £1 million
- Access: Permitted, subject to a maximum of two withdrawals per annum, where the rate will drop to 2.20% for the remainder of the year if additional withdrawals are made
- Further additions: Permitted
- Opening account: In branch and postal
- Managing account: In branch, by phone and postal
- Other information: No minimum applicant age. Joint account option available.
Yorkshire Building Society – Regular e-Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Consumers looking to start up the savings habit may find the new Regular e-Saver from Yorkshire Building Society an enticing choice. Applicants can put aside £250 per month and earn an attractive rate of 4.50% gross. The account does offer some flexibility, but it would be wise for savers to plan carefully if they expect to make withdrawals as this account only allows withdrawals to take place on two days per annum. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable on anniversary
- Notice / term: 12 month fixed term
- Minimum opening amount: £1
- Maximum investment amount: Maximum of £250 per month
- Access: Permitted, two withdrawal days are permitted per annum plus account closure
- Further additions: Up a maximum total of £250 per month
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16. Joint account option available.
National Bank of Egypt (UK) Limited – Raisin UK – 1 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“National Bank of Egypt (UK) Limited has increased the rates on its range of Raisin UK - Fixed Term Deposits. Now paying 5.25%, the Raisin UK - 1 Year Fixed Term Deposit may appeal to savers looking for a competitive return over the short-term, but the account must be opened with a minimum investment of £10,000. Earlier access and further additions are not permitted, so careful planning from the outset will be essential. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.25% gross / 5.25% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and postal.
- Other information: Minimum applicant age 18. Account available via the Raisin UK platform.
Tandem Bank – 2 Year Fixed Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Tandem Bank has increased the rate on its 2 Year Fixed Rate Saver, which improves its position in the market. Now paying 5.25%, the deal may be an attractive choice for savers looking to lock their money away for a guaranteed return. Those who invest from as little as £1 can make further additions for 14 days from account opening, but, as is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.25% gross / 5.25% AER payable on anniversary
- Notice / term: Two years
- Minimum opening amount: £1
- Maximum investment amount: £2.5 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online and via its mobile app
- Managing account: By phone and via its mobile app
- Other information: Minimum applicant age 18. By opening an account, savers are supporting Tandem Bank's green lending initiatives and helping to make UK homes more sustainable and environmentally friendly.
Castle Trust Bank – Fixed Rate e-Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Castle Trust Bank has increased the rate on its one-year Fixed Rate e-Cash ISA. Now paying 4.51%, the deal takes a prominent position within its sector and may well appeal to savers looking to utilise their ISA allowance. The deal can be opened with a minimum of £1,000 and it accepts transfers in from both cash and stocks and shares ISAs. This deal permits early access on account closure, subject to a 90-day loss of interest penalty. The account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.51% gross / 4.51% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to 90-day loss of interest penalty and closure of account
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts cash and stocks and shares ISAs
- Transfers out: Permitted, subject to 90-day loss of interest penalty
- Opening account: Online and via its mobile app
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. New customers can only open an account via an online Self Service Portal, after which they gain access to the mobile app and can open subsequent accounts using the Self Service Portal or mobile app. Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14-day funding window. If minimum investment is not made within 14 days of account opening, no interest is paid and the balance will be refunded.
Close Brothers Savings – 2 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Close Brothers Savings has increased the rate on its 2 Year Fixed Rate Cash ISA, which now pays 4.65%. The deal has improved its position within its sector and may well attract savers who plan to utilise their tax-free ISA allowance. Savers who have £10,000 to invest, whether as a deposit or transfer in, can apply online and by post to secure this rate over the next 24 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.65% gross / 4.65% AER payable yearly
- Notice / term: Two years
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to 150-day loss of interest penalty
- Further additions: Permitted for 10 days from account opening
- Transfers in: Permitted. Accepts cash and stocks and shares ISAs. Transfer requests must be received within 10 days of account opening.
- Transfers out: Permitted, subject to 150-day loss of interest penalty
- Opening account: Online and by post
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18.
Banking
Kroo Bank – Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Kroo Bank has increased the credit interest on its Current Account to 3.54% gross this week, up from 3.28%. Applicants looking for a competitive return on their balance may find this an attractive choice, as the interest is payable on balances up to £85,000. The account does not charge an account fee, and as a bonus, it does not charge customers for foreign debit card usage. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 3.54% gross on balances up to £85,000
- Cashback on debit card purchases: None
- Account fee: None
- Unarranged overdraft: 24.9% EAR
- Opening account: Mobile app only
- Managing account: Online and via mobile app.
- Other information: Minimum applicant age 18. No charges on foreign debit card usage.
Savings
West Brom Building Society – Double Access Account (Issue 2)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has launched a new Double Access Account (Issue 2) this week, which pays 3.85%. The account grabs a position towards the top of its sector and may attract savers with as little as £1 to invest who are able to limit their withdrawals to two per year, so careful planning is wise. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.85% gross / 3.85% AER payable yearly / monthly of 3.78% gross / 3.85% AER also available
- Notice / term: None. Matures on 31.8.24 into a West Brom Saver.
- Minimum opening amount: £1
- Maximum investment amount: £1 million
- Access: Permitted, subject to a maximum of two withdrawals per annum, where the rate will drop to 2.20% for the remainder of the year if additional withdrawals are made
- Further additions: Permitted
- Opening account: In branch and postal
- Managing account: In branch, by phone and postal
- Other information: No minimum applicant age. Joint account option available.
Yorkshire Building Society – Regular e-Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Consumers looking to start up the savings habit may find the new Regular e-Saver from Yorkshire Building Society an enticing choice. Applicants can put aside £250 per month and earn an attractive rate of 4.50% gross. The account does offer some flexibility, but it would be wise for savers to plan carefully if they expect to make withdrawals as this account only allows withdrawals to take place on two days per annum. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable on anniversary
- Notice / term: 12 month fixed term
- Minimum opening amount: £1
- Maximum investment amount: Maximum of £250 per month
- Access: Permitted, two withdrawal days are permitted per annum plus account closure
- Further additions: Up a maximum total of £250 per month
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16. Joint account option available.
National Bank of Egypt (UK) Limited – Raisin UK – 1 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“National Bank of Egypt (UK) Limited has increased the rates on its range of Raisin UK - Fixed Term Deposits. Now paying 5.25%, the Raisin UK - 1 Year Fixed Term Deposit may appeal to savers looking for a competitive return over the short-term, but the account must be opened with a minimum investment of £10,000. Earlier access and further additions are not permitted, so careful planning from the outset will be essential. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.25% gross / 5.25% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and postal.
- Other information: Minimum applicant age 18. Account available via the Raisin UK platform.
Tandem Bank – 2 Year Fixed Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Tandem Bank has increased the rate on its 2 Year Fixed Rate Saver, which improves its position in the market. Now paying 5.25%, the deal may be an attractive choice for savers looking to lock their money away for a guaranteed return. Those who invest from as little as £1 can make further additions for 14 days from account opening, but, as is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.25% gross / 5.25% AER payable on anniversary
- Notice / term: Two years
- Minimum opening amount: £1
- Maximum investment amount: £2.5 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online and via its mobile app
- Managing account: By phone and via its mobile app
- Other information: Minimum applicant age 18. By opening an account, savers are supporting Tandem Bank's green lending initiatives and helping to make UK homes more sustainable and environmentally friendly.
Castle Trust Bank – Fixed Rate e-Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Castle Trust Bank has increased the rate on its one-year Fixed Rate e-Cash ISA. Now paying 4.51%, the deal takes a prominent position within its sector and may well appeal to savers looking to utilise their ISA allowance. The deal can be opened with a minimum of £1,000 and it accepts transfers in from both cash and stocks and shares ISAs. This deal permits early access on account closure, subject to a 90-day loss of interest penalty. The account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.51% gross / 4.51% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to 90-day loss of interest penalty and closure of account
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts cash and stocks and shares ISAs
- Transfers out: Permitted, subject to 90-day loss of interest penalty
- Opening account: Online and via its mobile app
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. New customers can only open an account via an online Self Service Portal, after which they gain access to the mobile app and can open subsequent accounts using the Self Service Portal or mobile app. Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14-day funding window. If minimum investment is not made within 14 days of account opening, no interest is paid and the balance will be refunded.
Close Brothers Savings – 2 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Close Brothers Savings has increased the rate on its 2 Year Fixed Rate Cash ISA, which now pays 4.65%. The deal has improved its position within its sector and may well attract savers who plan to utilise their tax-free ISA allowance. Savers who have £10,000 to invest, whether as a deposit or transfer in, can apply online and by post to secure this rate over the next 24 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.65% gross / 4.65% AER payable yearly
- Notice / term: Two years
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to 150-day loss of interest penalty
- Further additions: Permitted for 10 days from account opening
- Transfers in: Permitted. Accepts cash and stocks and shares ISAs. Transfer requests must be received within 10 days of account opening.
- Transfers out: Permitted, subject to 150-day loss of interest penalty
- Opening account: Online and by post
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18.
Banking
Kroo Bank – Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Kroo Bank has increased the credit interest on its Current Account to 3.54% gross this week, up from 3.28%. Applicants looking for a competitive return on their balance may find this an attractive choice, as the interest is payable on balances up to £85,000. The account does not charge an account fee, and as a bonus, it does not charge customers for foreign debit card usage. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 3.54% gross on balances up to £85,000
- Cashback on debit card purchases: None
- Account fee: None
- Unarranged overdraft: 24.9% EAR
- Opening account: Mobile app only
- Managing account: Online and via mobile app.
- Other information: Minimum applicant age 18. No charges on foreign debit card usage.
