Savings
Union Bank of India (UK) Ltd – 1 Year Fixed Rate Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Union Bank of India (UK) Ltd has reduced the rates on a selection of its Fixed Rate Deposits and Union Premier Bonds. Despite this it continues to pay a market-leading rate of 6.05% on its 1 Year Fixed Rate Deposit and may entice savers looking for a guaranteed return over the next 12 months. Savers should ensure that they are satisfied with their initial deposit amount as early access and further additions are not permitted. Overall, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.05% gross / 6.05% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: By post and in branch
- Managing account: By post and in branch
- Other information: Simple interest. Minimum applicant age 18. Joint account option available. 0.10% loyalty bonus offered to existing Fixed Rate Deposit holders if they choose to reinvest into another Fixed Rate Deposit at maturity.
FirstSave – FirstSave 2 Year Fixed Rate Bond (Oct23)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week FirstSave has launched its new 2 Year Fixed Rate Bond paying 5.95%, taking a prominent position in its respective sector. This deal may entice savers looking for a guaranteed return for an extended period if they can make a minimum investment of £1,000. Savers will find earlier access or further additions are not permitted, but for those looking to supplement their income there is an option of having monthly interest. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.95% gross / 5.95% AER payable on its anniversary / monthly interest option of 5.79% gross / 5.95% AER also available
- Notice / term: Two-year bond
- Minimum opening amount: £1,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Vanquis Bank – 2 Year Vanquis Bank Savings
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has launched a new 2 Year Vanquis Bank Savings this week. Paying 5.90% with a minimum investment of £1,000, this account may be an attractive option for savers who are content with locking their investments away for a period to receive a guaranteed rate of return. For savers who wish to boost their income, Vanquis also offers an option for monthly interest. As expected with fixed accounts, savers must be comfortable with the duration of the term, as early access is not permitted. On assessment, this account receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 5.90% gross / 5.90% AER payable on anniversary / monthly interest option of 5.75% gross / 5.90% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 30 days from account opening and within five working days of initial deposit, via a nominated account
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available
Close Brothers Savings – Easy Access Account (Issue 1)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers has increased the rate on its Easy Access Account (Issue 1) this week by 0.05%. Now paying 5.15%, the account requires an opening amount of £10,000 which savers may wish to consider, but up to £2 million can be invested. This account can only be set up and managed online. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.15% gross / 5.15% AER payable on anniversary
- Notice / term: None
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Permitted
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Barclays Mortgage – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Barclays Mortgage has reduced a selection of its fixed rates in its range this week, including its two-year fixed offer at 60% loan-to-value. Priced at 5.10% until 31.12.25, this deal may appeal to borrowers looking to secure a competitive rate. Borrowers may also wish to note that it comes with a free valuation incentive included, plus the deal charges a fair fee of £899, which may be ideal for those looking to save on the initial cost of their mortgage. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.10% fixed rate to 31.12.25
- Product fee: £899
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Yorkshire Building Society – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Yorkshire Building Society has reduced rates across a range of its fixed deals this week, including its two-year fixed mortgage at 75% loan-to-value. Now priced at 5.34% until 28.2.26, the deal offers an incentive package of a free valuation alongside £250 cashback. Borrowers may be glad to hear that this deal comes with a small fee of £495 which can be added to the mortgage advance. On assessment, this mortgage earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.34% fixed rate to 28.2.26
- Product fee: £495
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made
- Lending area: Great Britain and Northern Ireland.
HSBC – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across selected fixed deals this week, including its two-year fixed mortgage at 85% loan-to-value. This deal is now priced at 5.59% until 31.12.25 and carries an incentive package of a free valuation and £250 cashback. Charging a reasonable fee of £999, this may be an attractive choice for borrowers looking to save on the upfront cost of their mortgage and lock into a competitive rate. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.59% fixed rate to 31.12.25
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: House purchase customers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
Lloyds Bank – Five-year fixed rate mortgage, 70% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Lloyds Bank has reduced rates across its buy-to-let mortgage range. One deal seeing a cut is its five-year fixed rate mortgage at 70% loan-to-value. Now priced at 5.41% until 28.2.29, this deal may entice borrowers looking to save on the upfront cost of their mortgage as it does not carry a fee. An incentive package of free valuation and free legal fees is included. Overall, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.41% fixed rate to 28.2.29
- Product fee: None
- Maximum loan-to-value: 70%
- Available to: Second-time buyers
- Incentives: Free valuation and free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
HSBC – Two-year fixed rate mortgage, 65% loan-to-value
“HSBC has reduced rates across its buy-to-let range by up to 0.35% this week, including its two-year fixed rate mortgage at 65% loan-to-value. Now priced at 5.89% until 31.12.25, it does not charge a fee, so this may be an enticing deal for borrowers looking to save on the upfront cost of their mortgage. This deal also carries an incentive package of a free valuation. With its large reduction, zero fee and incentive package, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.89% fixed rate to 31.12.25
- Product fee: None
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Savings
Union Bank of India (UK) Ltd – 1 Year Fixed Rate Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Union Bank of India (UK) Ltd has reduced the rates on a selection of its Fixed Rate Deposits and Union Premier Bonds. Despite this it continues to pay a market-leading rate of 6.05% on its 1 Year Fixed Rate Deposit and may entice savers looking for a guaranteed return over the next 12 months. Savers should ensure that they are satisfied with their initial deposit amount as early access and further additions are not permitted. Overall, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.05% gross / 6.05% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: By post and in branch
- Managing account: By post and in branch
- Other information: Simple interest. Minimum applicant age 18. Joint account option available. 0.10% loyalty bonus offered to existing Fixed Rate Deposit holders if they choose to reinvest into another Fixed Rate Deposit at maturity.
FirstSave – FirstSave 2 Year Fixed Rate Bond (Oct23)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week FirstSave has launched its new 2 Year Fixed Rate Bond paying 5.95%, taking a prominent position in its respective sector. This deal may entice savers looking for a guaranteed return for an extended period if they can make a minimum investment of £1,000. Savers will find earlier access or further additions are not permitted, but for those looking to supplement their income there is an option of having monthly interest. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.95% gross / 5.95% AER payable on its anniversary / monthly interest option of 5.79% gross / 5.95% AER also available
- Notice / term: Two-year bond
- Minimum opening amount: £1,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Vanquis Bank – 2 Year Vanquis Bank Savings
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has launched a new 2 Year Vanquis Bank Savings this week. Paying 5.90% with a minimum investment of £1,000, this account may be an attractive option for savers who are content with locking their investments away for a period to receive a guaranteed rate of return. For savers who wish to boost their income, Vanquis also offers an option for monthly interest. As expected with fixed accounts, savers must be comfortable with the duration of the term, as early access is not permitted. On assessment, this account receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 5.90% gross / 5.90% AER payable on anniversary / monthly interest option of 5.75% gross / 5.90% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 30 days from account opening and within five working days of initial deposit, via a nominated account
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available
Close Brothers Savings – Easy Access Account (Issue 1)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers has increased the rate on its Easy Access Account (Issue 1) this week by 0.05%. Now paying 5.15%, the account requires an opening amount of £10,000 which savers may wish to consider, but up to £2 million can be invested. This account can only be set up and managed online. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.15% gross / 5.15% AER payable on anniversary
- Notice / term: None
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Permitted
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Barclays Mortgage – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Barclays Mortgage has reduced a selection of its fixed rates in its range this week, including its two-year fixed offer at 60% loan-to-value. Priced at 5.10% until 31.12.25, this deal may appeal to borrowers looking to secure a competitive rate. Borrowers may also wish to note that it comes with a free valuation incentive included, plus the deal charges a fair fee of £899, which may be ideal for those looking to save on the initial cost of their mortgage. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.10% fixed rate to 31.12.25
- Product fee: £899
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Yorkshire Building Society – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Yorkshire Building Society has reduced rates across a range of its fixed deals this week, including its two-year fixed mortgage at 75% loan-to-value. Now priced at 5.34% until 28.2.26, the deal offers an incentive package of a free valuation alongside £250 cashback. Borrowers may be glad to hear that this deal comes with a small fee of £495 which can be added to the mortgage advance. On assessment, this mortgage earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.34% fixed rate to 28.2.26
- Product fee: £495
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made
- Lending area: Great Britain and Northern Ireland.
HSBC – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across selected fixed deals this week, including its two-year fixed mortgage at 85% loan-to-value. This deal is now priced at 5.59% until 31.12.25 and carries an incentive package of a free valuation and £250 cashback. Charging a reasonable fee of £999, this may be an attractive choice for borrowers looking to save on the upfront cost of their mortgage and lock into a competitive rate. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.59% fixed rate to 31.12.25
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: House purchase customers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
Lloyds Bank – Five-year fixed rate mortgage, 70% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Lloyds Bank has reduced rates across its buy-to-let mortgage range. One deal seeing a cut is its five-year fixed rate mortgage at 70% loan-to-value. Now priced at 5.41% until 28.2.29, this deal may entice borrowers looking to save on the upfront cost of their mortgage as it does not carry a fee. An incentive package of free valuation and free legal fees is included. Overall, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.41% fixed rate to 28.2.29
- Product fee: None
- Maximum loan-to-value: 70%
- Available to: Second-time buyers
- Incentives: Free valuation and free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
HSBC – Two-year fixed rate mortgage, 65% loan-to-value
“HSBC has reduced rates across its buy-to-let range by up to 0.35% this week, including its two-year fixed rate mortgage at 65% loan-to-value. Now priced at 5.89% until 31.12.25, it does not charge a fee, so this may be an enticing deal for borrowers looking to save on the upfront cost of their mortgage. This deal also carries an incentive package of a free valuation. With its large reduction, zero fee and incentive package, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.89% fixed rate to 31.12.25
- Product fee: None
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
