Savings
Union Bank of India (UK) Ltd – 18 Month Fixed Rate Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Union Bank of India (UK) Ltd has reduced the rates on a selection of its Fixed Rate Deposits and Union Premier Bonds this week. Now paying a rate of 4.55%, the 18 Month 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 18 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: 4.55% gross / 4.55% AER payable on maturity / yearly interest option of 4.55% gross / 4.55% AER also available
- Notice / term: 18 months
- 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.
Gatehouse Bank – 120 Day Notice Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Savers who are prepared to give notice to access their cash may find the 120 Day Notice Account from Gatehouse Bank appealing. After a rate rise, the deal now pays an expected profit rate of 3.00% and improves its position within the top rate tables in its sector. The account offers a monthly expected profit option, which may appeal to savers looking to supplement their income, and overall earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.00% gross / 3.00% AER payable on anniversary / monthly expected profit option of 2.96% gross / 3.00% AER also available
- Notice / term: 120 days
- Minimum opening amount: £500
- Maximum investment amount: £1 million
- Access: Permitted via a nominated account, subject to 120 days’ notice
- Further additions: Permitted via a nominated account
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available. Shari’ah compliant account – rates shown are an expected profit rate.
Scottish Building Society – E-ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Scottish Building Society has increased the rate on its E-ISA, which now pays a yearly interest rate of 2.50%. The deal has improved its position within its sector and may entice savers looking for flexibility with their cash, while also taking advantage of their ISA allowance. The deal also allows transfers in from Cash ISAs and Stocks and Shares ISAs which may be a bonus for some. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.50% gross / 2.50% AER, payable yearly
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: ISA allowance
- Access: Permitted
- Further additions: Permitted
- Transfers in: Cash ISAs and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16.
Beehive Money – Home Starter Regular Saver Issue 2
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Savers who are looking to put away some money each month for a specific goal may find the new issue of the fixed term regular monthly savings account from Beehive Money appealing. Paying a rate of 3.50% on monthly contributions, the deal sits in a competitive position in its sector against its peers. Unlike other fixed term regular savers out there, the deal is available to all new customers but, as is common, savers will not be able to access their pot before the end of the fixed term. Overall, earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.50% gross / 3.50% AER payable yearly
- Notice / term: Fixed term to 14.3.24
- Minimum opening amount: £1
- Maximum monthly investment amount: £500
- Maximum investment amount: £8,500
- Access: Not permitted
- Further additions: No requirement to pay in specific deposits each month. Unused subscriptions from previous months cannot be made up in subsequent months.
- Opening account: Mobile app
- Managing account: Mobile app
- Other information: Minimum applicant age 18.
Mortgages
The Co-operative Bank – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, The Co-operative Bank has launched a selection of new fixed deals, including a two-year fixed mortgage at 80% loan-to-value. Priced at 5.69%, this deal does not carry a product fee and offers all borrowers a free valuation and £250 cashback, with remortgage customers also offered free legal fees. Those borrowers who are looking to save on the upfront cost of their deal may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.69% fixed rate to 28.2.25
- Product fee: None
- Maximum loan-to-value: 80%
- Available to: All borrower types
- Incentives: Free valuation and £250 cashback for all and, for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Skipton Building Society – Three-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers searching for a three-year fixed rate deal may be enticed by the latest offer from Skipton Building Society, which was launched this week. Priced at 5.03% and fixed to 28 February 2026, the deal charges a reasonable upfront product fee of £995, 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 for all, as well as free legal fees for those remortgaging, which enhances its appeal as it earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.03% fixed rate until 28.2.26
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: All borrowers
- Incentives: Free valuation for all, and free legal fees for those remortgaging
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Buy-to-let
Principality Building Society – Five-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 Principality Building Society. Priced at 5.40% and fixed to 29 February 2028, the deal charges an upfront product fee of £1,395 which can be added to the advance of the mortgage, but also includes an incentive of a free valuation. Borrowers looking to secure a competitive fixed rate over the longer-term for peace of mind may then find it an attractive option. The deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.40% fixed rate to 29.2.28
- Product fee: £1,395
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Platform – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers looking to save on the upfront cost of their mortgage may find the latest deal from Platform an attractive choice, which is available through selected intermediaries. Priced at 5.59% and fixed to 28 February 2025, this deal carries an attractive incentive package of a free valuation as well as free legal fees for those remortgaging. Those who have limited upfront funds may also wish to note the deal does not charge a product fee. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.59% fixed rate to 28.2.25
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees for those remortgaging
- Flexible features: Allows overpayments
- Lending area: Great Britain. Available via selected intermediaries.
Savings
Union Bank of India (UK) Ltd – 18 Month Fixed Rate Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Union Bank of India (UK) Ltd has reduced the rates on a selection of its Fixed Rate Deposits and Union Premier Bonds this week. Now paying a rate of 4.55%, the 18 Month 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 18 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: 4.55% gross / 4.55% AER payable on maturity / yearly interest option of 4.55% gross / 4.55% AER also available
- Notice / term: 18 months
- 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.
Gatehouse Bank – 120 Day Notice Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Savers who are prepared to give notice to access their cash may find the 120 Day Notice Account from Gatehouse Bank appealing. After a rate rise, the deal now pays an expected profit rate of 3.00% and improves its position within the top rate tables in its sector. The account offers a monthly expected profit option, which may appeal to savers looking to supplement their income, and overall earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.00% gross / 3.00% AER payable on anniversary / monthly expected profit option of 2.96% gross / 3.00% AER also available
- Notice / term: 120 days
- Minimum opening amount: £500
- Maximum investment amount: £1 million
- Access: Permitted via a nominated account, subject to 120 days’ notice
- Further additions: Permitted via a nominated account
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available. Shari’ah compliant account – rates shown are an expected profit rate.
Scottish Building Society – E-ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Scottish Building Society has increased the rate on its E-ISA, which now pays a yearly interest rate of 2.50%. The deal has improved its position within its sector and may entice savers looking for flexibility with their cash, while also taking advantage of their ISA allowance. The deal also allows transfers in from Cash ISAs and Stocks and Shares ISAs which may be a bonus for some. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 2.50% gross / 2.50% AER, payable yearly
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: ISA allowance
- Access: Permitted
- Further additions: Permitted
- Transfers in: Cash ISAs and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 16.
Beehive Money – Home Starter Regular Saver Issue 2
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Savers who are looking to put away some money each month for a specific goal may find the new issue of the fixed term regular monthly savings account from Beehive Money appealing. Paying a rate of 3.50% on monthly contributions, the deal sits in a competitive position in its sector against its peers. Unlike other fixed term regular savers out there, the deal is available to all new customers but, as is common, savers will not be able to access their pot before the end of the fixed term. Overall, earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.50% gross / 3.50% AER payable yearly
- Notice / term: Fixed term to 14.3.24
- Minimum opening amount: £1
- Maximum monthly investment amount: £500
- Maximum investment amount: £8,500
- Access: Not permitted
- Further additions: No requirement to pay in specific deposits each month. Unused subscriptions from previous months cannot be made up in subsequent months.
- Opening account: Mobile app
- Managing account: Mobile app
- Other information: Minimum applicant age 18.
Mortgages
The Co-operative Bank – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, The Co-operative Bank has launched a selection of new fixed deals, including a two-year fixed mortgage at 80% loan-to-value. Priced at 5.69%, this deal does not carry a product fee and offers all borrowers a free valuation and £250 cashback, with remortgage customers also offered free legal fees. Those borrowers who are looking to save on the upfront cost of their deal may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.69% fixed rate to 28.2.25
- Product fee: None
- Maximum loan-to-value: 80%
- Available to: All borrower types
- Incentives: Free valuation and £250 cashback for all and, for remortgage borrowers, free legal fees
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Skipton Building Society – Three-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers searching for a three-year fixed rate deal may be enticed by the latest offer from Skipton Building Society, which was launched this week. Priced at 5.03% and fixed to 28 February 2026, the deal charges a reasonable upfront product fee of £995, 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 for all, as well as free legal fees for those remortgaging, which enhances its appeal as it earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.03% fixed rate until 28.2.26
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: All borrowers
- Incentives: Free valuation for all, and free legal fees for those remortgaging
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Buy-to-let
Principality Building Society – Five-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 Principality Building Society. Priced at 5.40% and fixed to 29 February 2028, the deal charges an upfront product fee of £1,395 which can be added to the advance of the mortgage, but also includes an incentive of a free valuation. Borrowers looking to secure a competitive fixed rate over the longer-term for peace of mind may then find it an attractive option. The deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.40% fixed rate to 29.2.28
- Product fee: £1,395
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Platform – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers looking to save on the upfront cost of their mortgage may find the latest deal from Platform an attractive choice, which is available through selected intermediaries. Priced at 5.59% and fixed to 28 February 2025, this deal carries an attractive incentive package of a free valuation as well as free legal fees for those remortgaging. Those who have limited upfront funds may also wish to note the deal does not charge a product fee. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.59% fixed rate to 28.2.25
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees for those remortgaging
- Flexible features: Allows overpayments
- Lending area: Great Britain. Available via selected intermediaries.
