Savings
OakNorth Bank – 120 Day Notice Savings Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“OakNorth Bank has increased rates on a selection of Notice Savings Accounts this week, which includes the 120-day option that now pays 3.64% gross. The deal improves its position against other notice accounts and may entice savers who are happy to give notice to access their money to earn a competitive rate. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.64% gross / 3.70% AER payable monthly
- Notice / term: 120 days
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: Permitted subject to 120 days’ notice
- Further additions: Permitted
- Opening account: Online and mobile app
- Managing account: Online and mobile app
- Other information: Minimum applicant age 18. Joint account option available.
Cynergy Bank – Online ISA (Issue 34)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Cynergy Bank has launched a new issue of its Online ISA which pays a rate 0.08% higher than its predecessor. Paying 3.28%, the deal takes a prominent position within its sector and offers savers complete flexibility with their ISA cash. Savers will also be able to make cash ISA transfers into this account upon opening or they can invest with as little as £1. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.28% gross / 3.28% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted via a nominated account
- Further additions: Permitted
- Transfers in: Permitted on account opening only. Accepts cash ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Cynergy Bank Authenticator App or Digipass required to use online banking.
Close Brothers Savings – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has launched a new 1 Year Fixed Rate Cash ISA this week, which pays 4.17%. The deal takes a competitive position within its sector against its peers 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 attractive rate over the next 12 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.17% gross / 4.17% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to 90-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 90-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.
Hodge Bank – 2 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Hodge Bank has increased the rate on its 2 Year Fixed Rate Bond this week, improving its place in the market. Now paying 4.53%, the deal may appeal to savers looking for a competitive return over the next two years and happy to lock their money away for the duration. The monthly interest option may also entice those looking to supplement their income. 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: 4.53% gross / 4.53% AER, payable on its anniversary / monthly interest option of 4.44% gross / 4.53% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 10 working days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Virgin Money – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Virgin Money has reduced selected fixed rates in its range, including its five-year fixed mortgage at 85% loan-to-value. Now priced at 4.22%, this deal charges a product fee of £995, and it offers a £300 cashback incentive. Those borrowers looking for a competitive package with a deposit of 15% may find this an attractive option. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.22% fixed rate to 1.8.28
- Product fee: £995
- Maximum loan-to-value: 85%
- Available to: House purchase customers
- Incentives: £300 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Virgin Money – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive deal that boasts an incentive package may find the latest five-year fixed deal from Virgin Money attractive. The deal is now priced at 4.32% after a rate cut this week and includes an incentive package which varies depending on the type of borrower. The deal does carry a product fee of £1,995, which can be added to the mortgage advance to save on the upfront cost. Overall, this earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.32% fixed rate to 1.8.28
- Product fee: £1,995
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: £500 cashback for second-time buyers, while those remortgaging can benefit from a free valuation and either £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Savings
OakNorth Bank – 120 Day Notice Savings Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“OakNorth Bank has increased rates on a selection of Notice Savings Accounts this week, which includes the 120-day option that now pays 3.64% gross. The deal improves its position against other notice accounts and may entice savers who are happy to give notice to access their money to earn a competitive rate. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.64% gross / 3.70% AER payable monthly
- Notice / term: 120 days
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: Permitted subject to 120 days’ notice
- Further additions: Permitted
- Opening account: Online and mobile app
- Managing account: Online and mobile app
- Other information: Minimum applicant age 18. Joint account option available.
Cynergy Bank – Online ISA (Issue 34)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Cynergy Bank has launched a new issue of its Online ISA which pays a rate 0.08% higher than its predecessor. Paying 3.28%, the deal takes a prominent position within its sector and offers savers complete flexibility with their ISA cash. Savers will also be able to make cash ISA transfers into this account upon opening or they can invest with as little as £1. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.28% gross / 3.28% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted via a nominated account
- Further additions: Permitted
- Transfers in: Permitted on account opening only. Accepts cash ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Cynergy Bank Authenticator App or Digipass required to use online banking.
Close Brothers Savings – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has launched a new 1 Year Fixed Rate Cash ISA this week, which pays 4.17%. The deal takes a competitive position within its sector against its peers 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 attractive rate over the next 12 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.17% gross / 4.17% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to 90-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 90-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.
Hodge Bank – 2 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Hodge Bank has increased the rate on its 2 Year Fixed Rate Bond this week, improving its place in the market. Now paying 4.53%, the deal may appeal to savers looking for a competitive return over the next two years and happy to lock their money away for the duration. The monthly interest option may also entice those looking to supplement their income. 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: 4.53% gross / 4.53% AER, payable on its anniversary / monthly interest option of 4.44% gross / 4.53% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 10 working days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Virgin Money – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Virgin Money has reduced selected fixed rates in its range, including its five-year fixed mortgage at 85% loan-to-value. Now priced at 4.22%, this deal charges a product fee of £995, and it offers a £300 cashback incentive. Those borrowers looking for a competitive package with a deposit of 15% may find this an attractive option. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.22% fixed rate to 1.8.28
- Product fee: £995
- Maximum loan-to-value: 85%
- Available to: House purchase customers
- Incentives: £300 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Virgin Money – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive deal that boasts an incentive package may find the latest five-year fixed deal from Virgin Money attractive. The deal is now priced at 4.32% after a rate cut this week and includes an incentive package which varies depending on the type of borrower. The deal does carry a product fee of £1,995, which can be added to the mortgage advance to save on the upfront cost. Overall, this earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.32% fixed rate to 1.8.28
- Product fee: £1,995
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: £500 cashback for second-time buyers, while those remortgaging can benefit from a free valuation and either £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
