Savings

GB Bank – Raisin UK – Easy Access Account

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

“This week GB Bank has increased the rate on its Raisin UK - Easy Access Account, which now pays a rate of 3.64% gross. Savers who desire flexibility with their cash, and hope to earn a competitive rate, may find this an attractive choice as it allows unlimited withdrawals, subject to a minimum of £500. Savers should be aware that there is a minimum amount on further additions of £500 and they must open the account with at least £1,000. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 3.64% gross / 3.70% AER payable monthly
• Notice / term: None
• Minimum opening amount: £1,000
• Maximum investment amount: £85,000
• Access: Permitted, minimum withdrawal £500
• Further additions: Permitted, minimum addition £500
• Opening account: Online, via the Raisin UK platform
• Managing account: Online, by post and by phone
• Other information: Minimum applicant age 18.

Hampshire Trust Bank – 18 Month Bond (Issue 24)

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

“Hampshire Trust Bank has increased the rate on its 18 Month Bond this week, improving its position in the market. Now paying a fixed rate of 5.00%, the deal may appeal to savers looking for a competitive return over the shorter-term and happy to lock their money away for the duration. Savers may also find the small minimum investment and ability to make further additions for 14 days attractive. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.00% gross / 5.01% AER, payable on its anniversary
• Notice / term: 18 months
• Minimum opening amount: £1
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: Permitted for 14 days from account opening
• Opening account: Online
• Managing account: Online, by post and by phone
• Other information: Minimum applicant age 18. Joint account option available.

Investec Bank plc – 1-Year Fixed Rate Saver

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

“This week, Investec Bank plc has increased the rate on its 1-Year Fixed Rate Saver, which now pays 4.92%. The deal has improved its position within its sector against its peers and may well attract savers who are looking to lock their money away for a year for a guaranteed return. Those who invest must have £5,000 to deposit upfront and, as is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.92% gross / 4.92% AER payable on maturity
• Notice / term: One year
• Minimum opening amount: £5,000
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: Permitted for seven days from account opening
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

Virgin Money – 1 Year Fixed Rate Cash E-ISA Issue 581

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

“Virgin Money has increased the rates on its Fixed Rate Cash E-ISAs this week, including its one-year deal which improves its position in the market. The deal now pays a rate of 4.33% yearly and may appeal to savers who want to invest over the shorter-term and those looking to use their ISA allowance. Savers will also find a monthly interest option is available, which may appeal if they are looking to supplement their income. On review, the account earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.33% gross / 4.33% AER payable yearly / monthly interest option of 4.25% gross / 4.33% AER also available
• Notice / term: To 24.5.24
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to a 60-day loss of interest penalty
• Further additions: Permitted for 30 days from account opening
• Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
• Transfers out: Permitted, subject to a 60-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 16

Close Brothers Savings – 2 Year Fixed Rate Cash ISA

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

“Close Brothers Savings has increased the rate on its 2 Year Fixed Rate Cash ISA this week, which now pays 4.40%. The deal improves its 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 24 months. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.40% gross / 4.40% AER payable on its anniversary
• Notice / term: Two years
• Minimum opening amount: £10,000
• Maximum investment amount: ISA allowance
• Access: Permitted on account closure, subject to 150-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 150-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.