Savings
Chip – Instant Access powered by ClearBank
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Chip has increased the rate on its Instant Access powered by ClearBank product to 4.18% gross this week, improving its position in the market. Savers searching for a flexible savings account with a competitive rate may find this deal enticing as it allows unlimited withdrawals. Savers should be aware that they need to hold a Chip subscription (for which both free and paid options are available). The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.18% gross / 4.26% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £250,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Open banking connection to current account is required. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days subscription.
Coventry Building Society – Fixed Rate ISA (219) 30.09.2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Coventry Building Society has increased the rates on its Fixed Rate ISAs this week, including its one-year deal which grabs a prominent position in the market. The deal now pays a rate of 5.30% yearly and may appeal to savers who want to invest over the next year and use their ISA allowance. Savers will also find a monthly interest option is available that pays 5.18% gross, which may appeal if they are looking to supplement their income. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.30% gross / 5.30% AER payable yearly / monthly interest option of 5.18% gross / 5.30% AER also available
- Notice / term: To 30.9.24
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 14 days from account opening, or while the issue remains open, whichever is longer
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online, by post, by telephone and in branch
- Managing account: Online, by post, by telephone and in branch
- Other information: Minimum applicant age 16.
FirstSave – FirstSave 1 Year Fixed Rate Bond (Jul23)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“FirstSave has increased the rate on its 1 Year Fixed Rate Bond this week, which takes a prominent position in the market. Now paying a rate of 6.10%, the deal sits comfortably against its peers and may entice savers looking for a guaranteed return over the next year if they have a minimum of £1,000 to invest. Savers will find earlier access or further additions are not permitted, but there is a monthly interest option for those looking to supplement their income if they have £5,000 to invest. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.10% gross / 6.10% AER payable on its anniversary / monthly interest option of 5.94% gross / 6.10% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
The Co-operative Bank – Three-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, The Co-operative Bank has launched a selection of fixed deals, including a three-year fixed mortgage at 60% loan-to-value. Priced at 5.67%, 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: 5.67% fixed rate to 31.12.26
- Product fee: None
- Maximum loan-to-value: 60%
- 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.
Buy-to-let
Platform – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.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 5.08% and fixed to 31 December 2028, this deal carries an attractive incentive package of a free valuation as well as free legal fees for those remortgaging, plus £500 cashback for all borrowers. However, those who have limited upfront funds may also wish to note the deal charges a £1,999 product fee, but this can be added to the mortgage advance. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.08% fixed rate to 31.12.28
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees for those remortgaging, £500 cashback for all borrowers
- Flexible features: Allows overpayments
- Lending area: Great Britain. Available via selected intermediaries.
Principality Building Society – Two-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 new fixed rate deal may be enticed by the latest offer from Principality Building Society. Priced at 5.63% and fixed to 30 September 2025, the deal charges an upfront product fee of £895 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 for peace of mind may then find it an attractive option. The deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.63% fixed rate to 30.9.25
- Product fee: £895
- 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.
Savings
Chip – Instant Access powered by ClearBank
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Chip has increased the rate on its Instant Access powered by ClearBank product to 4.18% gross this week, improving its position in the market. Savers searching for a flexible savings account with a competitive rate may find this deal enticing as it allows unlimited withdrawals. Savers should be aware that they need to hold a Chip subscription (for which both free and paid options are available). The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.18% gross / 4.26% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £250,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Open banking connection to current account is required. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days subscription.
Coventry Building Society – Fixed Rate ISA (219) 30.09.2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Coventry Building Society has increased the rates on its Fixed Rate ISAs this week, including its one-year deal which grabs a prominent position in the market. The deal now pays a rate of 5.30% yearly and may appeal to savers who want to invest over the next year and use their ISA allowance. Savers will also find a monthly interest option is available that pays 5.18% gross, which may appeal if they are looking to supplement their income. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.30% gross / 5.30% AER payable yearly / monthly interest option of 5.18% gross / 5.30% AER also available
- Notice / term: To 30.9.24
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 14 days from account opening, or while the issue remains open, whichever is longer
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online, by post, by telephone and in branch
- Managing account: Online, by post, by telephone and in branch
- Other information: Minimum applicant age 16.
FirstSave – FirstSave 1 Year Fixed Rate Bond (Jul23)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“FirstSave has increased the rate on its 1 Year Fixed Rate Bond this week, which takes a prominent position in the market. Now paying a rate of 6.10%, the deal sits comfortably against its peers and may entice savers looking for a guaranteed return over the next year if they have a minimum of £1,000 to invest. Savers will find earlier access or further additions are not permitted, but there is a monthly interest option for those looking to supplement their income if they have £5,000 to invest. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.10% gross / 6.10% AER payable on its anniversary / monthly interest option of 5.94% gross / 6.10% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
The Co-operative Bank – Three-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, The Co-operative Bank has launched a selection of fixed deals, including a three-year fixed mortgage at 60% loan-to-value. Priced at 5.67%, 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: 5.67% fixed rate to 31.12.26
- Product fee: None
- Maximum loan-to-value: 60%
- 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.
Buy-to-let
Platform – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.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 5.08% and fixed to 31 December 2028, this deal carries an attractive incentive package of a free valuation as well as free legal fees for those remortgaging, plus £500 cashback for all borrowers. However, those who have limited upfront funds may also wish to note the deal charges a £1,999 product fee, but this can be added to the mortgage advance. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.08% fixed rate to 31.12.28
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and free legal fees for those remortgaging, £500 cashback for all borrowers
- Flexible features: Allows overpayments
- Lending area: Great Britain. Available via selected intermediaries.
Principality Building Society – Two-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 new fixed rate deal may be enticed by the latest offer from Principality Building Society. Priced at 5.63% and fixed to 30 September 2025, the deal charges an upfront product fee of £895 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 for peace of mind may then find it an attractive option. The deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.63% fixed rate to 30.9.25
- Product fee: £895
- 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.
