Savings
Ahli United Bank (UK) plc – Raisin UK – 1 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Ahli United Bank (UK) plc has taken a notable position within the short-term fixed savings arena, with the launch of its 1 Year Fixed Term Deposit through Raisin UK. The deal pays 2.55% gross and may well appeal to savers who are comfortable with locking away their cash to secure a competitive return over the shorter-term. Overall, this account receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 2.55% gross / 2.55% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- 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 Raisin UK. With Raisin UK a £25 Partner Bonus can be claimed on savings accounts with a term of at least six months opened with a minimum of £10,000.
Coventry Building Society – Easy Access ISA (Online) (5)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Coventry Building Society has launched a new Easy Access ISA to its range which pays 1.05%. The deal may well appeal to savers looking to take advantage of their ISA allowance but wanting an account that provides flexibility. Savers can invest from just £1 from the outset and transfers in are accepted. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.05% gross / 1.05% AER payable on its anniversary / monthly interest option of 1.04% gross / 1.04% AER also available
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted via nominated account
- Further additions: Permitted
- Transfers in: Permitted. Accepts cash or stocks and shares ISAs, Help to Buy ISAs, and LISAs (cash or stocks and shares)
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16. Flexible ISA rules apply.
Hodge Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Hodge Bank has increased the rate on its 1 Year Fixed Rate Cash ISA this week, improving its place in the market. Now paying 1.76%, the deal may appeal to savers looking to utilise their ISA allowance and happy to lock their cash away for a year for a competitive return. Savers will need to invest at least £1,000, but the account does allow further additions within the first 10 working days of account opening. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.76% gross / 1.76% AER payable on maturity/ monthly interest option of 1.75% gross / 1.75% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted subject to an interest penalty
- Further additions: Permitted for 10 working days from account opening
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs, minimum £1,000
- Transfers out: Permitted subject to an interest penalty
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Mortgages
Halifax – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Halifax has increased a range of its fixed rates this week, including a rise of 0.20% on its 10-year fixed deal at 75% loan-to-value. Now priced at 2.78% until 31 August 2032, the deal charges a reasonable fee of £995, which can be added to the advance of the mortgage and comes with a cashback incentive of £250 for qualifying ‘Green Home’ properties. Despite the rate rise, the attractive package overall may still attract borrowers looking to save on the upfront cost of their mortgage. The deal secures a place in our top tables and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 2.78% fixed rate to 31.8.32
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: ‘Green Home’ £250 cashback for qualifying properties only
- Flexible features: Allows overpayments. Payment holidays considered, after one year, and subject to approval.
- Lending area: Great Britain and Northern Ireland.
Coventry Building Society – Two-year variable tracker rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Coventry Building Society is offering a new two-year variable tracker rate deal, priced at 1.99%. Borrowers searching for a competitive rate, coupled with an incentive package to reduce the upfront cost of their mortgage, may find this appealing as it includes a free valuation incentive for all borrowers and free legal fees for remortgage customers. There is a product fee of £999 to pay, but this can be added to the advance of the mortgage. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- 1.99% variable tracker rate (collared at 1.00%) to 31.10.24
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation for all, and free legal fees for remortgage customers
- Flexible features: Allows overpayments.
- Lending area: Great Britain.
Cards
MBNA Limited – Long 0% Balance Transfer Credit Card Mastercard
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“The latest updates from MBNA see the term on the Long 0% Balance Transfer Credit Card Mastercard increase by two months to 34 months. This card now provides one of the best introductory 0% balance transfer offers and charges an upfront balance transfer fee of 2.99%. Those customers looking to consolidate debts may then find this an appealing offer but may wish to note that lower fees are available elsewhere. On assessment, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: None
- Introductory rate for balance transfers: 0% for 34 months
- Standard rate for purchases: 21.9% APR
- Balance transfer fee: 2.99% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18. Minimum income £14,000. Must hold a UK bank/building society account. Must hold permanent UK address for three years. Rates dependent on credit rating.
Savings
Ahli United Bank (UK) plc – Raisin UK – 1 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Ahli United Bank (UK) plc has taken a notable position within the short-term fixed savings arena, with the launch of its 1 Year Fixed Term Deposit through Raisin UK. The deal pays 2.55% gross and may well appeal to savers who are comfortable with locking away their cash to secure a competitive return over the shorter-term. Overall, this account receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 2.55% gross / 2.55% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- 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 Raisin UK. With Raisin UK a £25 Partner Bonus can be claimed on savings accounts with a term of at least six months opened with a minimum of £10,000.
Coventry Building Society – Easy Access ISA (Online) (5)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Coventry Building Society has launched a new Easy Access ISA to its range which pays 1.05%. The deal may well appeal to savers looking to take advantage of their ISA allowance but wanting an account that provides flexibility. Savers can invest from just £1 from the outset and transfers in are accepted. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.05% gross / 1.05% AER payable on its anniversary / monthly interest option of 1.04% gross / 1.04% AER also available
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted via nominated account
- Further additions: Permitted
- Transfers in: Permitted. Accepts cash or stocks and shares ISAs, Help to Buy ISAs, and LISAs (cash or stocks and shares)
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16. Flexible ISA rules apply.
Hodge Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Hodge Bank has increased the rate on its 1 Year Fixed Rate Cash ISA this week, improving its place in the market. Now paying 1.76%, the deal may appeal to savers looking to utilise their ISA allowance and happy to lock their cash away for a year for a competitive return. Savers will need to invest at least £1,000, but the account does allow further additions within the first 10 working days of account opening. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 1.76% gross / 1.76% AER payable on maturity/ monthly interest option of 1.75% gross / 1.75% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted subject to an interest penalty
- Further additions: Permitted for 10 working days from account opening
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs, minimum £1,000
- Transfers out: Permitted subject to an interest penalty
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Mortgages
Halifax – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Halifax has increased a range of its fixed rates this week, including a rise of 0.20% on its 10-year fixed deal at 75% loan-to-value. Now priced at 2.78% until 31 August 2032, the deal charges a reasonable fee of £995, which can be added to the advance of the mortgage and comes with a cashback incentive of £250 for qualifying ‘Green Home’ properties. Despite the rate rise, the attractive package overall may still attract borrowers looking to save on the upfront cost of their mortgage. The deal secures a place in our top tables and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 2.78% fixed rate to 31.8.32
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: ‘Green Home’ £250 cashback for qualifying properties only
- Flexible features: Allows overpayments. Payment holidays considered, after one year, and subject to approval.
- Lending area: Great Britain and Northern Ireland.
Coventry Building Society – Two-year variable tracker rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Coventry Building Society is offering a new two-year variable tracker rate deal, priced at 1.99%. Borrowers searching for a competitive rate, coupled with an incentive package to reduce the upfront cost of their mortgage, may find this appealing as it includes a free valuation incentive for all borrowers and free legal fees for remortgage customers. There is a product fee of £999 to pay, but this can be added to the advance of the mortgage. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- 1.99% variable tracker rate (collared at 1.00%) to 31.10.24
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation for all, and free legal fees for remortgage customers
- Flexible features: Allows overpayments.
- Lending area: Great Britain.
Cards
MBNA Limited – Long 0% Balance Transfer Credit Card Mastercard
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“The latest updates from MBNA see the term on the Long 0% Balance Transfer Credit Card Mastercard increase by two months to 34 months. This card now provides one of the best introductory 0% balance transfer offers and charges an upfront balance transfer fee of 2.99%. Those customers looking to consolidate debts may then find this an appealing offer but may wish to note that lower fees are available elsewhere. On assessment, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: None
- Introductory rate for balance transfers: 0% for 34 months
- Standard rate for purchases: 21.9% APR
- Balance transfer fee: 2.99% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18. Minimum income £14,000. Must hold a UK bank/building society account. Must hold permanent UK address for three years. Rates dependent on credit rating.
