Savings
Beehive Money – Limited Issue Easy Access
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Beehive Money has launched two new savings products to add to its range, including the Limited Issue Easy Access, which pays 5.10%. The account grabs a market-leading rate at the top of its sector and may attract savers who have £1,000 to invest. The account does include an introductory bonus rate of 2.45% which runs until 31 October 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: 5.10% gross / 5.10% AER payable yearly, includes a bonus of 2.45% until 31.10.24
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Permitted via nominated account
- Further additions: Permitted via nominated account
- Opening account: Online and via mobile app
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18.
Al Rayan Bank – 12 Month Fixed Term Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Al Rayan Bank has taken a prominent position in the short-term fixed market with a rise to the expected profit rate on its 12 Month Fixed Term Deposit. Now paying an expected profit rate of 5.99% gross, the deal may well appeal to savers who are comfortable with locking away their cash to secure a competitive return over the shorter-term. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.99% gross / 6.12% AER payable quarterly
- Notice / term: 12-month bond
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online, by phone and via its mobile app
- Managing account: Online, by post and via its mobile app
- Other information: Minimum applicant age 16. Joint account option available. Shari’ah compliant account – rates shown are expected profit rate. Quarterly profit can be taken as an income with a reduced rate.
Sainsbury’s Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Sainsbury’s Bank has increased the rates on its Fixed Rate Cash ISAs this week, including its one-year deal which takes a prominent position in the market. The deal now pays a rate of 5.70% on anniversary and may appeal to savers who want to invest over the next year and use their ISA allowance. This deal pays an attractive rate when compared to similar products. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.70% gross / 5.70% AER payable on anniversary
- Notice / term: 1 year bond
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 30 days from account opening
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, and by phone
- Other information: Minimum applicant age 18
Close Brothers Savings – 3 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Close Brothers Savings has launched new Fixed Rate Cash ISAs and Fixed Rate Bonds. The 3 Year Fixed Rate Cash ISA now pays an attractive 5.35%. The deal takes a position within the top 10 when compared to other fixed ISAs of a similar term and may attract savers who are prepared to lock away their cash for a guaranteed return. However, savers should note that earlier access is permitted subject to 270 days’ loss of interest and account closure. Savers need £10,000 to invest but they can make further additions for 10 days from account opening. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.35% gross / 5.35% AER payable yearly
- Notice / term: Three years
- Minimum opening amount: £10,000
- Maximum investment amount: Maximum ISA allowance
- Access: Permitted on account closure, subject to 270-day loss of interest penalty
- Further additions: Permitted for 10 days from account opening
- Transfers in: Permitted for 10 days from account opening. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to a 270-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18.
Chorley Building Society – Easy Access Cash ISA (1 Withdrawal)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Chorley Building Society has launched two new products this week, including its new Easy Access Cash ISA (1 Withdrawal) which takes a prominent position in the market claiming a spot in our top rate tables for variable Cash ISAs. The deal pays a rate of 4.80% yearly and may appeal to savers who want instant access to their money and to use their ISA allowance. However, investors must consider that if they make more than one withdrawal in a year the rate drops significantly to 2.50%. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted. 2.50% gross / AER paid if more than one withdrawal made per annum
- Further additions: Permitted up to the maximum ISA allowance for 2023/24 tax year
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online, post and in branch
- Managing account: Online, post and in branch
- Other information: Minimum applicant age 16. Reverts to 2.50% rate if more than one withdrawal is made.
Mortgages
NatWest – Five-year fixed rate mortgage, 75% loan-to-value (Online exclusive)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“NatWest has reduced the rate on its five-year fixed rate deal this week. Now priced at 4.84% for five years, the deal is available for borrowers at 75% loan-to-value. Borrowers will find a free valuation incentive is included and a reasonable £1,495 product fee, which can be added to the mortgage. This deal may attract those looking to save on the upfront cost and lock into a highly attractive fixed rate. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.84% fixed rate to 31.01.29
- Product fee: £1,495
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain, Northern Ireland.
Vernon Building Society – Three-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Vernon Building Society has launched a new 80% loan-to-value fixed rate mortgage priced at 5.50%, making this the lowest deal on rate alone. This option is available to both those purchasing or those remortgaging and could tempt borrowers who are looking to keep the initial costs of mortgaging to a minimum as there is no associated fee to pay. On review, this product takes a highly competitive position in our top rate tables for the three-year fixed rate sector and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.50% fixed rate to 31/03/2027
- Product fee: None
- Maximum loan-to-value: 80%
- Available to: All borrower types
- Incentives: No arrangement fee
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Santander has launched a new product to its two-year fixed rate deals this week, with its 60% loan-to-value priced at 5.43%, which is available to house purchase customers at 60% loan-to-value. Borrowers looking to secure one of the lowest rates in the two-year fixed market and a competitive package will find this offer includes a free valuation incentive and 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: 5.43% fixed rate to 2.2.26
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across a range of its fixed deals this week, including its five-year fixed mortgage at 95% loan-to-value. Now priced at 5.79% and fixed to 31 December 2028, this deal carries a free valuation incentive, £500 cashback and does not charge an arrangement fee. Those borrowers who are looking to save on the upfront cost of their mortgage and lock into a competitive rate may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.79% fixed rate to 31.12.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-To-Let
HSBC – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced a handful of its buy-to-let fixed deals, including its five-year fixed mortgage at 60% loan-to-value. Seeing a drop of 0.03%, now priced at 5.21% and fixed until 31 December 2028, this deal carries a free valuation incentive and a fee of £1,999. 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: 5.21% fixed rate to 31.12.28
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Savings
Beehive Money – Limited Issue Easy Access
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Beehive Money has launched two new savings products to add to its range, including the Limited Issue Easy Access, which pays 5.10%. The account grabs a market-leading rate at the top of its sector and may attract savers who have £1,000 to invest. The account does include an introductory bonus rate of 2.45% which runs until 31 October 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: 5.10% gross / 5.10% AER payable yearly, includes a bonus of 2.45% until 31.10.24
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Permitted via nominated account
- Further additions: Permitted via nominated account
- Opening account: Online and via mobile app
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18.
Al Rayan Bank – 12 Month Fixed Term Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Al Rayan Bank has taken a prominent position in the short-term fixed market with a rise to the expected profit rate on its 12 Month Fixed Term Deposit. Now paying an expected profit rate of 5.99% gross, the deal may well appeal to savers who are comfortable with locking away their cash to secure a competitive return over the shorter-term. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.99% gross / 6.12% AER payable quarterly
- Notice / term: 12-month bond
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online, by phone and via its mobile app
- Managing account: Online, by post and via its mobile app
- Other information: Minimum applicant age 16. Joint account option available. Shari’ah compliant account – rates shown are expected profit rate. Quarterly profit can be taken as an income with a reduced rate.
Sainsbury’s Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Sainsbury’s Bank has increased the rates on its Fixed Rate Cash ISAs this week, including its one-year deal which takes a prominent position in the market. The deal now pays a rate of 5.70% on anniversary and may appeal to savers who want to invest over the next year and use their ISA allowance. This deal pays an attractive rate when compared to similar products. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.70% gross / 5.70% AER payable on anniversary
- Notice / term: 1 year bond
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 30 days from account opening
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, and by phone
- Other information: Minimum applicant age 18
Close Brothers Savings – 3 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Close Brothers Savings has launched new Fixed Rate Cash ISAs and Fixed Rate Bonds. The 3 Year Fixed Rate Cash ISA now pays an attractive 5.35%. The deal takes a position within the top 10 when compared to other fixed ISAs of a similar term and may attract savers who are prepared to lock away their cash for a guaranteed return. However, savers should note that earlier access is permitted subject to 270 days’ loss of interest and account closure. Savers need £10,000 to invest but they can make further additions for 10 days from account opening. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.35% gross / 5.35% AER payable yearly
- Notice / term: Three years
- Minimum opening amount: £10,000
- Maximum investment amount: Maximum ISA allowance
- Access: Permitted on account closure, subject to 270-day loss of interest penalty
- Further additions: Permitted for 10 days from account opening
- Transfers in: Permitted for 10 days from account opening. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to a 270-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18.
Chorley Building Society – Easy Access Cash ISA (1 Withdrawal)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Chorley Building Society has launched two new products this week, including its new Easy Access Cash ISA (1 Withdrawal) which takes a prominent position in the market claiming a spot in our top rate tables for variable Cash ISAs. The deal pays a rate of 4.80% yearly and may appeal to savers who want instant access to their money and to use their ISA allowance. However, investors must consider that if they make more than one withdrawal in a year the rate drops significantly to 2.50%. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted. 2.50% gross / AER paid if more than one withdrawal made per annum
- Further additions: Permitted up to the maximum ISA allowance for 2023/24 tax year
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online, post and in branch
- Managing account: Online, post and in branch
- Other information: Minimum applicant age 16. Reverts to 2.50% rate if more than one withdrawal is made.
Mortgages
NatWest – Five-year fixed rate mortgage, 75% loan-to-value (Online exclusive)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“NatWest has reduced the rate on its five-year fixed rate deal this week. Now priced at 4.84% for five years, the deal is available for borrowers at 75% loan-to-value. Borrowers will find a free valuation incentive is included and a reasonable £1,495 product fee, which can be added to the mortgage. This deal may attract those looking to save on the upfront cost and lock into a highly attractive fixed rate. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.84% fixed rate to 31.01.29
- Product fee: £1,495
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain, Northern Ireland.
Vernon Building Society – Three-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Vernon Building Society has launched a new 80% loan-to-value fixed rate mortgage priced at 5.50%, making this the lowest deal on rate alone. This option is available to both those purchasing or those remortgaging and could tempt borrowers who are looking to keep the initial costs of mortgaging to a minimum as there is no associated fee to pay. On review, this product takes a highly competitive position in our top rate tables for the three-year fixed rate sector and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.50% fixed rate to 31/03/2027
- Product fee: None
- Maximum loan-to-value: 80%
- Available to: All borrower types
- Incentives: No arrangement fee
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Santander has launched a new product to its two-year fixed rate deals this week, with its 60% loan-to-value priced at 5.43%, which is available to house purchase customers at 60% loan-to-value. Borrowers looking to secure one of the lowest rates in the two-year fixed market and a competitive package will find this offer includes a free valuation incentive and 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: 5.43% fixed rate to 2.2.26
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced rates across a range of its fixed deals this week, including its five-year fixed mortgage at 95% loan-to-value. Now priced at 5.79% and fixed to 31 December 2028, this deal carries a free valuation incentive, £500 cashback and does not charge an arrangement fee. Those borrowers who are looking to save on the upfront cost of their mortgage and lock into a competitive rate may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.79% fixed rate to 31.12.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation and £500 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-To-Let
HSBC – Five-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“HSBC has reduced a handful of its buy-to-let fixed deals, including its five-year fixed mortgage at 60% loan-to-value. Seeing a drop of 0.03%, now priced at 5.21% and fixed until 31 December 2028, this deal carries a free valuation incentive and a fee of £1,999. 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: 5.21% fixed rate to 31.12.28
- Product fee: £1,999
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.