Savings

Hampshire Trust Bank – 1 Year Bond (Issue 64)

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Hampshire Trust Bank has launched several new fixed rate bonds this week, including its 1 Year Fixed Bond. Sitting comfortably in the market, the account pays an appealing 5.17% on a £1 minimum investment, making this an attractive deal for many savers. It is important that investors are comfortable with locking away their cash for the full term as earlier access is not permitted, however, further additions are allowed for 14 days which could be an added bonus. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.17% gross / 5.17% AER, payable on maturity
• Notice / term: One year
• Minimum opening amount: £1
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: Permitted for 14 days from account opening
• Opening account: Online
• Managing account: Online, by post and by phone
• Other information: Minimum applicant age 18. Joint account option available.

Castle Trust Bank – 1 Year Fixed Rate e-Cash ISA

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week, Castle Trust Bank has launched its new one-year Fixed Rate e-Cash ISA. The ISA takes a competitive position within its sector and pays an attractive 5.05%. This account may well appeal to savers looking to utilise their ISA allowance and receive a guaranteed return on their investments. Although earlier access is permitted, it will be subject to 90 days’ loss of interest and closure of the account, which should be carefully considered. Additionally, it is important savers fund their account with a minimum opening investment of £1,000 within the first 14 days, otherwise they will receive no interest payment and their money will be refunded. However, savers will be able to contribute more funds if they wish as further additions are permitted for 14 days from the account opening. On assessment, the account secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.05% gross / 5.05% 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 and closure of the account
• 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.

Newcastle Building Society – Newcastle Single Access ISA (Issue 1)

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Newcastle Building Society has launched a new Single Access ISA this week. The account pays a competitive 5.00% and may appeal to savers who are happy to have limited access to their funds, as if more than one withdrawal is made in a year then they will receive a lower interest payment of 2.90%, which should be carefully considered. However, on a more positive note, the account does allow further additions. Once the account matures, it will automatically roll into an easy access account on 30 September 2026. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.00% gross / 5.00% AER payable on anniversary
• Notice / term: To 30.9.26
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, 2.90% gross/AER paid if more than one withdrawal is made per year
• Further additions: Permitted
• Transfers in: Permitted. Accepts Cash, Stocks and Shares, Help to Buy and Innovative Finance ISAs.
• Transfers out: Permitted
• Opening account: In branch
• Managing account: Online, by phone, by post and in branch
• Other information: Minimum applicant age 16. Flexible ISA rules apply.

Mortgages

Principality Building Society – Two-year fixed rate mortgage, 80% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week Principality Building Society has reduced selected fixed rates across its range. Seeing a reduction of 0.16%, the two-year deal at 80% loan-to-value is now priced at 4.88% until 30 June 2026. Borrowers may be enticed by the free valuation incentive and the reasonable £895 product fee. Overall, this deal earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.88% fixed rate to 30.6.26
• Product fee: £895
• Maximum loan-to-value: 80%
• Available to: All borrowers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: England and Wales.