Savings
Beehive Money – Bonus Saver August 2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Beehive Money has increased the rate on its Bonus Saver Account this week, which now pays 4.90%. 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 2.25% 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: 4.90% gross / 4.90% AER payable yearly, includes a bonus of 2.25% 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.
Oxbury Bank – Personal Easy Access Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Oxbury Bank has increased the rate on its Personal Easy Access Account this week, which takes a prominent position in the easy access savings sector. The account pays an attractive rate of 4.75% gross and may entice savers looking for flexibility with their cash as the account allows unlimited withdrawals. Savers must note that their initial deposit must be made within the first 90 days of account opening or the account will close automatically. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.75% gross / 4.85% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted
- Further additions: Permitted via a nominated account only
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Oxbury App required to use online banking. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Chip – Chip Instant Access Account 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 this week to 4.74% gross, enhancing its position in the easy access sector. 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: 4.74% gross / 4.84% 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.
Mortgages
HSBC – Five-year fixed rate mortgage, 70% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across selected fixed deals this week, including its five-year fixed mortgage at 70% loan-to-value. Now priced at 5.25% and fixed to 31 October 2028, this deal carries a free valuation incentive and charges a reasonable product fee of £999. Those borrowers who are looking to save on the upfront cost of their mortgage and lock into a competitive rate for peace of mind may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.25% fixed rate to 31.10.28
- Product fee: £999
- Maximum loan-to-value: 70%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland
Santander – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has made several rate reductions to its range this week, along with launching some new deals. Its two-year fixed rate deal priced at 5.81% may appeal to house purchase customers looking to secure a competitive rate and package. A free valuation incentive is included and there is a reasonable product fee of £999, which can be added to the mortgage advance. This deal may then be attractive to those looking to save on the upfront cost of their deal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.81% fixed rate to 2.1.26
- Product fee: £999
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Leeds Building Society – Three-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Leeds Building Society has reduced selected fixed rates in its range this week, including its three-year fixed mortgage at 85% loan-to-value. Now priced at 5.99%, the deal carries an attractive incentive package of a free valuation and, for those remortgaging, help towards costs. The reasonable £999 fee can be added to the advance of the mortgage, so the deal overall could attract borrowers looking to save on the upfront cost. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.99% fixed rate to 31.10.26
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation and, for those remortgaging, help towards costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
West Brom Building Society – Three-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has launched a selection of fixed deals this week, including a three-year fixed mortgage at 95% loan-to-value. Priced at 6.44%, this deal offers borrowers a free valuation incentive and carries a reasonable fee of £499, which can be added to the advance of the mortgage. 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: 6.44% fixed rate to 31.1.27
- Product fee: £499
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – Five-year fixed rate mortgage, 75% 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 may find the latest deal from HSBC an enticing choice, as it has received a rate cut this week. Priced at 5.84% and fixed to 31 October 2028, this deal does not charge a product fee and the package carries a free valuation incentive. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.84% fixed rate to 31.10.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Leeds Building Society – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Leeds Building Society has made reductions to selected fixed rates in its range, including its two-year fixed rate deal at 60% loan-to-value. Now priced at 6.19% to 31 October 2025, the deal is available to second-time buyers and remortgage customers. Those looking to save on the upfront cost of their deal may be pleased that the product fee of £999 can be added to the advance of the mortgage. This deal also includes an incentive package of free valuation for all and, for remortgage customers, help towards costs. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.19% fixed rate to 31.10.25
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and, for those remortgaging, help with costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
Savings
Beehive Money – Bonus Saver August 2024
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Beehive Money has increased the rate on its Bonus Saver Account this week, which now pays 4.90%. 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 2.25% 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: 4.90% gross / 4.90% AER payable yearly, includes a bonus of 2.25% 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.
Oxbury Bank – Personal Easy Access Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Oxbury Bank has increased the rate on its Personal Easy Access Account this week, which takes a prominent position in the easy access savings sector. The account pays an attractive rate of 4.75% gross and may entice savers looking for flexibility with their cash as the account allows unlimited withdrawals. Savers must note that their initial deposit must be made within the first 90 days of account opening or the account will close automatically. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.75% gross / 4.85% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted
- Further additions: Permitted via a nominated account only
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Oxbury App required to use online banking. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Chip – Chip Instant Access Account 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 this week to 4.74% gross, enhancing its position in the easy access sector. 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: 4.74% gross / 4.84% 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.
Mortgages
HSBC – Five-year fixed rate mortgage, 70% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across selected fixed deals this week, including its five-year fixed mortgage at 70% loan-to-value. Now priced at 5.25% and fixed to 31 October 2028, this deal carries a free valuation incentive and charges a reasonable product fee of £999. Those borrowers who are looking to save on the upfront cost of their mortgage and lock into a competitive rate for peace of mind may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.25% fixed rate to 31.10.28
- Product fee: £999
- Maximum loan-to-value: 70%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland
Santander – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has made several rate reductions to its range this week, along with launching some new deals. Its two-year fixed rate deal priced at 5.81% may appeal to house purchase customers looking to secure a competitive rate and package. A free valuation incentive is included and there is a reasonable product fee of £999, which can be added to the mortgage advance. This deal may then be attractive to those looking to save on the upfront cost of their deal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.81% fixed rate to 2.1.26
- Product fee: £999
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Leeds Building Society – Three-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Leeds Building Society has reduced selected fixed rates in its range this week, including its three-year fixed mortgage at 85% loan-to-value. Now priced at 5.99%, the deal carries an attractive incentive package of a free valuation and, for those remortgaging, help towards costs. The reasonable £999 fee can be added to the advance of the mortgage, so the deal overall could attract borrowers looking to save on the upfront cost. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.99% fixed rate to 31.10.26
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: All borrowers
- Incentives: Free valuation and, for those remortgaging, help towards costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
West Brom Building Society – Three-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“West Brom Building Society has launched a selection of fixed deals this week, including a three-year fixed mortgage at 95% loan-to-value. Priced at 6.44%, this deal offers borrowers a free valuation incentive and carries a reasonable fee of £499, which can be added to the advance of the mortgage. 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: 6.44% fixed rate to 31.1.27
- Product fee: £499
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Buy-to-let
HSBC – Five-year fixed rate mortgage, 75% 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 may find the latest deal from HSBC an enticing choice, as it has received a rate cut this week. Priced at 5.84% and fixed to 31 October 2028, this deal does not charge a product fee and the package carries a free valuation incentive. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.84% fixed rate to 31.10.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Leeds Building Society – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Leeds Building Society has made reductions to selected fixed rates in its range, including its two-year fixed rate deal at 60% loan-to-value. Now priced at 6.19% to 31 October 2025, the deal is available to second-time buyers and remortgage customers. Those looking to save on the upfront cost of their deal may be pleased that the product fee of £999 can be added to the advance of the mortgage. This deal also includes an incentive package of free valuation for all and, for remortgage customers, help towards costs. Overall, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.19% fixed rate to 31.10.25
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage customers
- Incentives: Free valuation and, for those remortgaging, help with costs
- Flexible features: Allows overpayments
- Lending area: England, Wales, mainland Scotland and Northern Ireland.
