Savings
United Trust Bank – UTB 15 Month Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week United Trust Bank has reviewed selected rates on its UTB bonds, including its 15-month option. Now paying a rate of 4.60%, the UTB 15 Month Bond may entice savers who are searching for a competitive return over the shorter-term. As no earlier access or further additions are permitted, savers must be sure they can commit from the outset. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable on anniversary
- Notice / term: 15 months
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available.
Secure Trust Bank – 2 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Secure Trust Bank has launched new fixed bonds this week, including a two-year option. Paying a rate of 4.85%, the deal takes a more prominent place in the market against its peers and can be opened from £1,000 and further additions can be made within the first 30 days of opening the account. Savers looking to earn an attractive rate over the next two years may then find this an appealing option. The account secures an Excellent Moneyfacts product rating.
Key product details:
- Rate: 4.85% gross / 4.85% AER payable yearly
- Notice / term: 19.12.24
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 30 days from account opening, from a minimum of £1,000
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18. Joint account option available.
Oxbury Bank – Personal 180 Day Notice Account – Issue 8
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Oxbury Bank has increased the rate on its 180-day notice account this week, which takes a prominent position in the notice account top rate tables. The Personal 180 Day Notice Account pays an attractive rate of 3.45% and may entice savers looking for a higher rate than can be achieved on an easy access account. Savers must note that their initial deposit must be made within the first 90 days of account opening or the account will close automatically. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.45% gross / 3.50% AER payable monthly
- Notice / term: 180 days
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted, subject to 180 days’ notice. Withdrawals can only be made via a nominated account.
- Further additions: Permitted via a nominated account only
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Oxbury App required to use online banking. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Mortgage
first direct – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, first direct has reduced rates across selected fixed deals, including a cut to its 10-year fixed mortgage at 75% loan-to-value. Priced at 5.04%, this deal charges an upfront product fee of £490 and offers all borrowers a free valuation and free legal fees for those remortgaging. Those borrowers who are looking to lock into a rate for peace of mind for the longer-term may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- 5.04% fixed rate for 10 years
- Product fee: £490
- Maximum loan-to-value: 75%
- Available to: All borrowers
- Incentives: Free valuation for all, and for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments.
- Lending area: Great Britain and Northern Ireland.
Newbury Building Society – Five-year discounted-variable rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Newbury Building Society has increased the rate on its five-year discounted variable rate mortgage. Now charging a rate of 3.59%, the deal maintains a competitive incentive package of free valuation for all borrowers and free legal fees for those remortgaging. Those borrowers who are looking to save on the upfront cost of their mortgage may then find this an attractive choice. This deal secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.59% discounted-variable rate (1.26% discount) for five years
- Product fee: £600 for house purchase, £850 for remortgage customers
- Maximum loan-to-value: 75%
- Available to: All borrowers
- Incentives: Free valuation for all and, for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Landlords searching for a new fixed rate deal may be enticed by the latest offer from HSBC. Priced at 5.45% and fixed to 31 March 2025, the deal charges an upfront product fee of £1,999, but also includes an incentive of a free valuation. Borrowers looking to secure a competitive fixed rate over the shorter term for peace of mind may then find it an attractive option. The overall appeal of this package may then be a competitive choice, and it earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.45% fixed rate to 31.3.25
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
NatWest – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week NatWest has reduced selected buy-to-let fixed rates, including its two-year fixed rate deal at 75% loan-to-value. Now priced at 5.97% to 31 March 2025, this deal may be appealing to landlords due to a combination of a competitive rate, a free valuation incentive and reasonable fee of £995, which can be added to the mortgage advance – ideal for those looking to save on the upfront cost of their deal. On balance, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.97% fixed rate until 31.3.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Banking
HSBC – Advance Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“HSBC has introduced a switching incentive this week for customers who switch to either the Advance or Premier Bank Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £200 cashback, so long as the account is credited with £1,500 within the first two months after opening. The Advance Current Account does not pay credit interest, but it does include an interest-free buffer on its overdraft of £25. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: None
- Arranged overdraft: 39.90% EAR, plus £25 interest free buffer
- Opening account: Online and in branch
- Managing account: Online, in branch, via mobile app, post, post office and text alerts
- Other information: Minimum applicant age 18. £200 free cash offer for new accounts when a minimum of two Direct Debits or Standing Orders are switched using the Current Account Switch Service within 30 days of account opening and at least £1,500 is credited within 60 days of account opening.
Santander – 123 Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Santander has increased the in-credit interest rate on its 123 Current Account this week, enhancing the overall appeal of the accounts. The 123 Current Account carries a monthly fee of £4 but includes a raft of benefits for savers and spenders as customers can earn up to 3% cashback on household bills and earn up to 1.74% gross per annum on balances up to £20,000. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 1.74% gross per annum on balances up to £20,000.
- Account fee: £4 per month
- Arranged overdraft: 39.94% EAR
- Opening account: Online and in branch
- Managing account: Online, by phone, in branch, via its mobile app, post office and text alerts
- Other information: Minimum applicant age 18. Minimum regular funding £500 per month. Eligible for cashback on certain bills and insurance premiums paid by direct debit as well as retailer offers.
Savings
United Trust Bank – UTB 15 Month Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week United Trust Bank has reviewed selected rates on its UTB bonds, including its 15-month option. Now paying a rate of 4.60%, the UTB 15 Month Bond may entice savers who are searching for a competitive return over the shorter-term. As no earlier access or further additions are permitted, savers must be sure they can commit from the outset. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable on anniversary
- Notice / term: 15 months
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available.
Secure Trust Bank – 2 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Secure Trust Bank has launched new fixed bonds this week, including a two-year option. Paying a rate of 4.85%, the deal takes a more prominent place in the market against its peers and can be opened from £1,000 and further additions can be made within the first 30 days of opening the account. Savers looking to earn an attractive rate over the next two years may then find this an appealing option. The account secures an Excellent Moneyfacts product rating.
Key product details:
- Rate: 4.85% gross / 4.85% AER payable yearly
- Notice / term: 19.12.24
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 30 days from account opening, from a minimum of £1,000
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18. Joint account option available.
Oxbury Bank – Personal 180 Day Notice Account – Issue 8
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Oxbury Bank has increased the rate on its 180-day notice account this week, which takes a prominent position in the notice account top rate tables. The Personal 180 Day Notice Account pays an attractive rate of 3.45% and may entice savers looking for a higher rate than can be achieved on an easy access account. Savers must note that their initial deposit must be made within the first 90 days of account opening or the account will close automatically. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.45% gross / 3.50% AER payable monthly
- Notice / term: 180 days
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted, subject to 180 days’ notice. Withdrawals can only be made via a nominated account.
- Further additions: Permitted via a nominated account only
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Oxbury App required to use online banking. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Mortgage
first direct – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, first direct has reduced rates across selected fixed deals, including a cut to its 10-year fixed mortgage at 75% loan-to-value. Priced at 5.04%, this deal charges an upfront product fee of £490 and offers all borrowers a free valuation and free legal fees for those remortgaging. Those borrowers who are looking to lock into a rate for peace of mind for the longer-term may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- 5.04% fixed rate for 10 years
- Product fee: £490
- Maximum loan-to-value: 75%
- Available to: All borrowers
- Incentives: Free valuation for all, and for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments.
- Lending area: Great Britain and Northern Ireland.
Newbury Building Society – Five-year discounted-variable rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Newbury Building Society has increased the rate on its five-year discounted variable rate mortgage. Now charging a rate of 3.59%, the deal maintains a competitive incentive package of free valuation for all borrowers and free legal fees for those remortgaging. Those borrowers who are looking to save on the upfront cost of their mortgage may then find this an attractive choice. This deal secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.59% discounted-variable rate (1.26% discount) for five years
- Product fee: £600 for house purchase, £850 for remortgage customers
- Maximum loan-to-value: 75%
- Available to: All borrowers
- Incentives: Free valuation for all and, for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Landlords searching for a new fixed rate deal may be enticed by the latest offer from HSBC. Priced at 5.45% and fixed to 31 March 2025, the deal charges an upfront product fee of £1,999, but also includes an incentive of a free valuation. Borrowers looking to secure a competitive fixed rate over the shorter term for peace of mind may then find it an attractive option. The overall appeal of this package may then be a competitive choice, and it earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.45% fixed rate to 31.3.25
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
NatWest – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week NatWest has reduced selected buy-to-let fixed rates, including its two-year fixed rate deal at 75% loan-to-value. Now priced at 5.97% to 31 March 2025, this deal may be appealing to landlords due to a combination of a competitive rate, a free valuation incentive and reasonable fee of £995, which can be added to the mortgage advance – ideal for those looking to save on the upfront cost of their deal. On balance, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.97% fixed rate until 31.3.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Banking
HSBC – Advance Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“HSBC has introduced a switching incentive this week for customers who switch to either the Advance or Premier Bank Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £200 cashback, so long as the account is credited with £1,500 within the first two months after opening. The Advance Current Account does not pay credit interest, but it does include an interest-free buffer on its overdraft of £25. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: None
- Arranged overdraft: 39.90% EAR, plus £25 interest free buffer
- Opening account: Online and in branch
- Managing account: Online, in branch, via mobile app, post, post office and text alerts
- Other information: Minimum applicant age 18. £200 free cash offer for new accounts when a minimum of two Direct Debits or Standing Orders are switched using the Current Account Switch Service within 30 days of account opening and at least £1,500 is credited within 60 days of account opening.
Santander – 123 Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Santander has increased the in-credit interest rate on its 123 Current Account this week, enhancing the overall appeal of the accounts. The 123 Current Account carries a monthly fee of £4 but includes a raft of benefits for savers and spenders as customers can earn up to 3% cashback on household bills and earn up to 1.74% gross per annum on balances up to £20,000. On balance, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 1.74% gross per annum on balances up to £20,000.
- Account fee: £4 per month
- Arranged overdraft: 39.94% EAR
- Opening account: Online and in branch
- Managing account: Online, by phone, in branch, via its mobile app, post office and text alerts
- Other information: Minimum applicant age 18. Minimum regular funding £500 per month. Eligible for cashback on certain bills and insurance premiums paid by direct debit as well as retailer offers.
