Savings
Beehive Money – Bonus Saver August 2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Beehive Money has launched a new Bonus Saver Account which pays 4.60%. The account grabs a position towards the top of its sector and may attract savers who have £1,000 to invest. The account does include an introductory bonus rate of 2.10% which runs until 31 August 2024, so a review of the account before this expires would be wise. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable yearly, includes a bonus of 2.10% until 31.8.24.
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Online and via smart phone app
- Managing account: Online and via smart phone app
- Other information: Minimum applicant age 18.
Shawbrook Bank – 1 Year Fixed Rate Cash ISA Bond Issue 79
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Shawbrook Bank has increased the rate on its one-year fixed ISA this week, 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: 5.71% gross / 5.71% AER payable on anniversary / monthly interest option of 5.57% gross / 5.71% 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.
Virgin Money – 1 Year Fixed Rate Cash E-ISA Issue 611
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Virgin Money has changed the issue numbers and increased the rates on its Fixed Rate Cash E-ISAs, including its one-year deal. The deal now pays a rate of 5.71% yearly and secures a prominent place in its sector. Investors who want to utilise their ISA allowance and are happy to lock their cash away may then find this an attractive option. Savers will also find a monthly interest option is available that pays 5.57% gross, which may appeal to those looking to supplement their income. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.71% gross / 5.71% AER payable yearly / monthly interest option of 5.57% gross / 5.71% AER also available
- Notice / term: To 24.8.24
- 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.
Mortgages
Leeds Building Society – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Leeds Building Society has reduced selected fixed rates in its range, including its two-year fixed mortgage at 85% loan-to-value. Now priced at 6.09%, this deal carries an attractive incentive package of free valuation and, for those remortgaging, help with costs. The deal charges a reasonable product fee of £999, which can be added to the mortgage advance, so overall this offer could attract borrowers looking to save on the upfront cost of their mortgage. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.09% fixed rate to 31.10.25
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation and, for those remortgaging, help with costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
Virgin Money – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Borrowers with a limited deposit who are searching for a competitive deal with a generous incentive package may find the five-year fixed deal from Virgin Money appealing, which is available through selected intermediaries. After a rate cut, the deal is now priced at 5.65% to 1 October 2028 and includes a free valuation incentive. The deal does carry a product fee of £1,295, but this can be added to the mortgage advance should borrowers wish to do so. Overall, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.65% fixed rate to 1.10.28
- Product fee: £1,295
- Maximum loan-to-value: 90%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland. Available via selected intermediaries.
Buy-to-let
Principality Building Society – Two-year discounted-variable rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive package may find the new two-year discounted-variable rate mortgage from Principality Building Society appealing. Priced at 5.60%, the deal charges a reasonable product fee of £895 which can be added to the mortgage advance and includes an incentive package of free valuation and free legal fees. Those looking to save on the upfront cost of their mortgage may then find this an appealing option. This deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.60% discounted-variable rate (collared at 2.00%) to 30.11.25
- Product fee: £895
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Bath Building Society – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords looking for a competitive rate to secure their monthly repayments over the next five years may find the latest deal from Bath Building Society appealing. The deal has seen a rate rise and is now priced at 6.39%. The deal does not have an incentive package, but the £999 product fee can be added to the mortgage advance. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 6.39% fixed rate for five years
- Product fee: £999
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: None
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Banking
Kroo Bank – Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Kroo Bank has announced an increase to the credit interest rate on its Current Account to 4.26% gross, up from 4.03% this week. Consumers looking for a competitive return on their balance may find this an attractive account, as the interest is payable on balances up to £85,000. The current account does not charge an account fee, and as a bonus, it does not charge customers for foreign debit card usage. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 4.26% gross on balances up to £85,000
- Cashback on debit card purchases: None
- Account fee: None
- Unarranged overdraft: 24.9% EAR
- Opening account: Mobile app only
- Managing account: Online and via mobile app.
- Other information: Minimum applicant age 18. No charges on foreign debit card usage.
Savings
Beehive Money – Bonus Saver August 2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Beehive Money has launched a new Bonus Saver Account which pays 4.60%. The account grabs a position towards the top of its sector and may attract savers who have £1,000 to invest. The account does include an introductory bonus rate of 2.10% which runs until 31 August 2024, so a review of the account before this expires would be wise. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable yearly, includes a bonus of 2.10% until 31.8.24.
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Online and via smart phone app
- Managing account: Online and via smart phone app
- Other information: Minimum applicant age 18.
Shawbrook Bank – 1 Year Fixed Rate Cash ISA Bond Issue 79
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Shawbrook Bank has increased the rate on its one-year fixed ISA this week, 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: 5.71% gross / 5.71% AER payable on anniversary / monthly interest option of 5.57% gross / 5.71% 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.
Virgin Money – 1 Year Fixed Rate Cash E-ISA Issue 611
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Virgin Money has changed the issue numbers and increased the rates on its Fixed Rate Cash E-ISAs, including its one-year deal. The deal now pays a rate of 5.71% yearly and secures a prominent place in its sector. Investors who want to utilise their ISA allowance and are happy to lock their cash away may then find this an attractive option. Savers will also find a monthly interest option is available that pays 5.57% gross, which may appeal to those looking to supplement their income. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.71% gross / 5.71% AER payable yearly / monthly interest option of 5.57% gross / 5.71% AER also available
- Notice / term: To 24.8.24
- 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.
Mortgages
Leeds Building Society – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Leeds Building Society has reduced selected fixed rates in its range, including its two-year fixed mortgage at 85% loan-to-value. Now priced at 6.09%, this deal carries an attractive incentive package of free valuation and, for those remortgaging, help with costs. The deal charges a reasonable product fee of £999, which can be added to the mortgage advance, so overall this offer could attract borrowers looking to save on the upfront cost of their mortgage. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.09% fixed rate to 31.10.25
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation and, for those remortgaging, help with costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
Virgin Money – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Borrowers with a limited deposit who are searching for a competitive deal with a generous incentive package may find the five-year fixed deal from Virgin Money appealing, which is available through selected intermediaries. After a rate cut, the deal is now priced at 5.65% to 1 October 2028 and includes a free valuation incentive. The deal does carry a product fee of £1,295, but this can be added to the mortgage advance should borrowers wish to do so. Overall, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.65% fixed rate to 1.10.28
- Product fee: £1,295
- Maximum loan-to-value: 90%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland. Available via selected intermediaries.
Buy-to-let
Principality Building Society – Two-year discounted-variable rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive package may find the new two-year discounted-variable rate mortgage from Principality Building Society appealing. Priced at 5.60%, the deal charges a reasonable product fee of £895 which can be added to the mortgage advance and includes an incentive package of free valuation and free legal fees. Those looking to save on the upfront cost of their mortgage may then find this an appealing option. This deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.60% discounted-variable rate (collared at 2.00%) to 30.11.25
- Product fee: £895
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Bath Building Society – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords looking for a competitive rate to secure their monthly repayments over the next five years may find the latest deal from Bath Building Society appealing. The deal has seen a rate rise and is now priced at 6.39%. The deal does not have an incentive package, but the £999 product fee can be added to the mortgage advance. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 6.39% fixed rate for five years
- Product fee: £999
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: None
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Banking
Kroo Bank – Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Kroo Bank has announced an increase to the credit interest rate on its Current Account to 4.26% gross, up from 4.03% this week. Consumers looking for a competitive return on their balance may find this an attractive account, as the interest is payable on balances up to £85,000. The current account does not charge an account fee, and as a bonus, it does not charge customers for foreign debit card usage. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 4.26% gross on balances up to £85,000
- Cashback on debit card purchases: None
- Account fee: None
- Unarranged overdraft: 24.9% EAR
- Opening account: Mobile app only
- Managing account: Online and via mobile app.
- Other information: Minimum applicant age 18. No charges on foreign debit card usage.