Savings

Union Bank of India (UK) Ltd – 1 Year Fixed Rate Deposit

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Union Bank of India (UK) Ltd has increased the rates on a selection of its Fixed Rate Deposits and Union Premier Bonds this week. Now paying a rate of 6.11%, the 1 Year Fixed Rate Deposit account sits comfortably within the top rate tables in its sector and may entice savers looking for a guaranteed return over the next 12 months. Savers will find early access and further additions are not permitted, so they would be wise to ensure they are satisfied with their initial deposit. On assessment, the account receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 6.11% gross / 6.11% 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.

Ford Money – Fixed Saver 1 Year 

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Ford Money has increased the rate on its one-year Fixed Saver this week, boosting its appeal. Now paying 6.05%, the Fixed Saver 1 Year takes a spot in our top rate tables and may appeal to savers who are happy to tie their money up for the duration of the deal as earlier access is not permitted. However, unlike its peers, the bond has a smaller minimum investment of £500 and will allow further additions within the first 21 days of opening the account. The account secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 6.05% gross / 6.05% AER payable on anniversary / monthly interest rate option of 5.89% gross / 6.05% AER also available
• Notice / term: One year
• Minimum opening amount: £500
• Maximum investment amount: £2 million
• Access: Not permitted
• Further additions: Permitted for 21 days from account opening
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 16. Joint account option available.

Monument Bank – Easy Access Savings

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Monument Bank has increased the rate on its easy access account this week. It is available to those who can invest £25,000 upfront. Paying a rate of 4.83% gross / 4.94% AER, the deal takes a place in our top rate tables when compared against other easy access accounts. Savers looking for some flexibility when it comes to their savings may then find this an attractive option due to its straightforward structure, unlike some of its peers that have restrictions on withdrawals, but they will need to open and manage the account via the mobile app. The account secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.83% gross / 4.94% AER payable monthly
• Notice / term: None
• Minimum opening amount: £25,000
• Maximum investment amount: £400,000
• Access: Permitted via nominated account
• Further additions: Permitted via nominated account
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18.

Shawbrook Bank – 1 Year Fixed Rate Cash ISA Bond Issue 81

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“This week, Shawbrook Bank has increased the rate on its one-year fixed ISA, improving its position in the market. Savers searching for a guaranteed return on their cash and wishing to utilise their ISA allowance may find this a competitive choice as the deal holds a more prominent position in its sector. Consumers can make Cash and Stocks and Shares ISA transfers into the account, and if they so wish, access their deposit subject to a loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.83% gross / 5.83% AER payable on anniversary / monthly interest option of 5.68% gross / 5.83% AER also available
• Notice / term: One year
• Minimum opening amount: £1,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 90-day loss of interest penalty
• Further additions: Permitted
• Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
• Transfers out: Permitted, subject to 90-day loss of interest penalty
• Opening account: Online
• Managing account: Online and by phone
• Other information: Minimum applicant age 18.

West Brom Building Society – WeBSave 2 Year ISA 

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“The latest update from West Brom Building Society sees an extension of end dates on WeBSave 2 Year ISA, which pays 5.65% yearly. This holds a prominent place in its sector and may be an appealing option for savers who have yet to use their ISA allowance. Additions can be made while the issue remains open and investors can make transfers in and access their funds early subject to an interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.65% gross / 5.65% AER payable yearly
• Notice / term: 30.09.25
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 150-day loss of interest penalty
• Further additions: Permitted while issue remains open
• Transfers in: Permitted. Accepts Cash or Stocks and Shares ISAs, Cash and Stocks and Shares LISAs and Innovative Finance ISAs.
• Transfers out: Permitted, subject to 150-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 16.

Secure Trust Bank – 3 Year Fixed Rate Cash ISA (12.Oct.26) 

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Secure Trust Bank has increased rates on selected accounts this week, including its three-year ISA. Now paying a rate of 5.60%, the deal takes a prominent place in the market against its peers and can be opened from £1,000. Further additions can be made within the first 30 days of opening the account. Savers looking to earn an attractive rate and wishing to utilise their ISA allowance may then find this an appealing option. The account secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.60% gross / 5.60% AER payable yearly
• Notice / term: To 12.10.26
• Minimum opening amount: £1,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to account closure and 270 days’ loss of interest penalty
• Further additions: Permitted for 30 days from account opening. Minimum addition £1,000
• Transfers in: Permitted for 30 days from account opening. Accepts Cash ISAs.
• Transfers out: Permitted, subject to account closure and 270 days’ loss of interest penalty
• Opening account: Online
• Managing account: Online and by phone
• Other information: Minimum applicant age 18.

Cynergy Bank – Online ISA (Issue 42)

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“This week, Cynergy Bank has changed the issue number of its Online ISA, which pays a higher rate than its predecessor. Paying 4.70%, the deal secures 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: 4.70% gross / 4.70% 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.

Mortgages 

Santander – Two-year fixed rate mortgage, 75% loan-to-value

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Santander has reduced the rate on its two-year fixed rate deal this week to 5.68%, which is available to house purchase customers at 75% loan-to-value. Borrowers looking to secure a competitive rate and package will find this offer includes a free valuation incentive and that the product fee of £999 can be added to the mortgage advance. This deal may then be attractive to those looking to save on the upfront cost of their deal. Overall, this product earns an Outstanding Moneyfacts product rating.”  

Key product details:

• Rate: 5.68% fixed rate to 2.1.26
• Product fee: £999
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

MPowered Mortgages – Three-year fixed rate mortgage, 75% loan-to-value

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“MPowered Mortgages has reduced several fixed rates in its range this week, including its three-fixed fixed rate mortgage at 75% loan-to-value. Now priced at 5.74%, the deal is available, through selected intermediaries, for house purchase customers. The deal charges an upfront product fee of £1,295, which can also be added to the mortgage advance. Those looking to save on the upfront cost of their mortgage will find this deal carries an attractive incentive package of a free valuation and £500 cashback, which enhances its appeal as it earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 5.74% fixed rate for three years
• Product fee: £1,295
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation and £500 cashback (cashback available for advances over £200,000)
• Flexible features: Allows overpayments
• Lending area: England and Wales. Available through selected intermediaries.

Buy-to-let

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

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“Suffolk Building Society has launched a new two-year fixed rate deal this week, available at 80% loan-to-value for landlords making a house purchase. Priced at 6.59%, this deal may be appealing as it offers one of the lowest rates in its sector, but it does not carry any incentives. Those borrowers who are looking to save on the upfront cost of their deal can add £999 of the £1,198 product fee to the mortgage advance. Overall, this product earns an Outstanding Moneyfacts product rating.” 

Key product details:

• Rate: 6.59% fixed rate to 31.12.25
• Product fee: £1,198
• Maximum loan-to-value: 80%
• Available to: House purchase customers
• Incentives: None
• Flexible features: Allows overpayments
• Lending area: England and Wales.

Cards

Santander – Everyday Long Term Balance Transfer Credit Card Mastercard

Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:

“The latest update from Santander sees the 0% balance transfer offer reduce by two months to 26 months and a rise to its standard rate for purchases to 23.9% APR. This card holds a competitive position in the balance transfer market and charges an upfront balance transfer fee of 3.00%. The card also has an interest-free offer of three months for purchases. Customers can also sign up to Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers. On assessment, the card earns an Excellent Moneyfacts product rating.” 

Key product details:

• Introductory rate for purchases: 0% for three months
• Introductory rate for balance transfers: 0% for 26 months
• Standard rate for purchases: 23.9% APR
• Balance transfer fee: 3.00% (min £5) during the introductory transfer period
• Card fee: None
• Opening method: Online and in branch
• Card management: Online, in branch, by post and over the phone and via its mobile app
• Other information: Minimum applicant age 18, minimum income £10,500. Customers can sign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers. Customer must be signed up to online and mobile.