Savings
SmartSave – 1 Year Fixed Bond
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“SmartSave has increased the rates on its Fixed Rate Savers, with the 1-year account topping our 1-year best buys this week. The account pays 5.26% on maturity and requires a minimum £10,000 initial investment. Further additions can be made for a fortnight following the account opening, so careful planning is wise. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.26% gross / 5.26% AER payable on maturity (compounded annually)
- Notice / term: 1 year fixed
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days
- Opening account: Online
- Managing account: Online
OakNorth Bank – 30 Month Fixed Term Savings Account
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“OakNorth Bank has increased the rates on a selection of its Fixed Term Savings Accounts, with its 30-month bond highlighted in our Pick of The Week this time. Paying 5.28% gross, it sits high in our charts among bonds of less than three years. A minimum investment of just £1 may appeal to investors, although they should also note no early withdrawals are possible. Further additions are permitted for two weeks from the account opening. Overall, the deal receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 5.28% gross / 5.28% AER payable on maturity (compounded annually)
- Notice / term: 30 months fixed
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days
- Opening account: Online and app
- Managing account: Online and app
Beehive Money – Five Year Goal Bond Issue 5
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“Beehive Money has moved on the end date, changed the issue number, and increased the rate by 0.40% on its FiveYear Goal Bond. Now paying 5.10%, the product sits as one of our Best Buys when compared with others of a similar term. Although earlier access is not permitted, investors may be pleased to note that further additions can be made for 14 days from the account opening or while the issue remains open, whichever period is longer.”
Key product details:
- Rate: 5.10% gross/ 5.10% AER payable yearly
- Notice / term: 31 August 2028
- Minimum opening amount: £500
- Maximum investment amount: £250,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days or while the issue remains open (whichever longer)
- Opening account: Online and app
- Managing account: Online and app
UBL UK – Cash ISA Fixed 1 Year
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“UBL UK has increased the rates on its 1, 2 and 3 Year Fixed Rate Cash ISAs. The 1 year ISA, paying 4.56%, takes joint-top spot in our Best Buys for products of a similar term. Further additions are not permitted, and earlier access is only permitted on account closure and subject to a loss of interest penalty, which should be considered.”
Key product details:
- Rate: 4.56% gross/ 4.56% AER payable on maturity
- Minimum opening amount: £2,000
- Maximum investment amount: N/A
- Access: Early withdrawals permitted subject to account closure and a 90-day loss of interest penalty
- Further additions: No
- Opening account: Branch, post, online and app
- Managing account: Branch, post, online, app and phone
Sainsbury’s Bank – Defined Access Saver – Issue 44
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“Sainsbury’s Bank has increased selected rates on its Defined Access Saver account. Now paying 3.76% from £1,000, the new issue takes a position within the top 10 when compared against other easy access accounts currently available in the market. This account pays a lower rate of 1% if four or more withdrawals are made, which investors may wish to consider.”
Key product details:
- Rate: 1.15% gross/1.15% AER from £1, 3.76% gross/ 3.76% AER from £1,000, 1.00% gross/1.00% AER from £500,001 payable
- Minimum opening amount: £1
- Maximum investment amount: £2,000,000
- Access: Yes – lower rate of 1.00% gross/AER paid if more than three withdrawals per annum
- Further additions: Yes – online or phone
- Opening account: Online
- Managing account: Online and telephone
Savings
SmartSave – 1 Year Fixed Bond
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“SmartSave has increased the rates on its Fixed Rate Savers, with the 1-year account topping our 1-year best buys this week. The account pays 5.26% on maturity and requires a minimum £10,000 initial investment. Further additions can be made for a fortnight following the account opening, so careful planning is wise. Overall, the deal receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.26% gross / 5.26% AER payable on maturity (compounded annually)
- Notice / term: 1 year fixed
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days
- Opening account: Online
- Managing account: Online
OakNorth Bank – 30 Month Fixed Term Savings Account
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“OakNorth Bank has increased the rates on a selection of its Fixed Term Savings Accounts, with its 30-month bond highlighted in our Pick of The Week this time. Paying 5.28% gross, it sits high in our charts among bonds of less than three years. A minimum investment of just £1 may appeal to investors, although they should also note no early withdrawals are possible. Further additions are permitted for two weeks from the account opening. Overall, the deal receives an Excellent Moneyfacts product rating.
Key product details:
- Rate: 5.28% gross / 5.28% AER payable on maturity (compounded annually)
- Notice / term: 30 months fixed
- Minimum opening amount: £1
- Maximum investment amount: £500,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days
- Opening account: Online and app
- Managing account: Online and app
Beehive Money – Five Year Goal Bond Issue 5
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“Beehive Money has moved on the end date, changed the issue number, and increased the rate by 0.40% on its FiveYear Goal Bond. Now paying 5.10%, the product sits as one of our Best Buys when compared with others of a similar term. Although earlier access is not permitted, investors may be pleased to note that further additions can be made for 14 days from the account opening or while the issue remains open, whichever period is longer.”
Key product details:
- Rate: 5.10% gross/ 5.10% AER payable yearly
- Notice / term: 31 August 2028
- Minimum opening amount: £500
- Maximum investment amount: £250,000
- Access: No early withdrawals permitted
- Further additions: Permitted for 14 days or while the issue remains open (whichever longer)
- Opening account: Online and app
- Managing account: Online and app
UBL UK – Cash ISA Fixed 1 Year
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“UBL UK has increased the rates on its 1, 2 and 3 Year Fixed Rate Cash ISAs. The 1 year ISA, paying 4.56%, takes joint-top spot in our Best Buys for products of a similar term. Further additions are not permitted, and earlier access is only permitted on account closure and subject to a loss of interest penalty, which should be considered.”
Key product details:
- Rate: 4.56% gross/ 4.56% AER payable on maturity
- Minimum opening amount: £2,000
- Maximum investment amount: N/A
- Access: Early withdrawals permitted subject to account closure and a 90-day loss of interest penalty
- Further additions: No
- Opening account: Branch, post, online and app
- Managing account: Branch, post, online, app and phone
Sainsbury’s Bank – Defined Access Saver – Issue 44
Commenting on the deal, James Hyde, spokesperson at Moneyfactscompare.co.uk, said:
“Sainsbury’s Bank has increased selected rates on its Defined Access Saver account. Now paying 3.76% from £1,000, the new issue takes a position within the top 10 when compared against other easy access accounts currently available in the market. This account pays a lower rate of 1% if four or more withdrawals are made, which investors may wish to consider.”
Key product details:
- Rate: 1.15% gross/1.15% AER from £1, 3.76% gross/ 3.76% AER from £1,000, 1.00% gross/1.00% AER from £500,001 payable
- Minimum opening amount: £1
- Maximum investment amount: £2,000,000
- Access: Yes – lower rate of 1.00% gross/AER paid if more than three withdrawals per annum
- Further additions: Yes – online or phone
- Opening account: Online
- Managing account: Online and telephone
