Savings
Oxbury Bank – Personal Easy Access Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Oxbury Bank has increased the rate on its Personal Easy Access Account, which takes a prominent position in the easy access savings sector. The account pays an attractive rate of 4.83% 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: 4.83% gross / 4.94% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted via a nominated account only
- 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.
Recognise Bank – 2 Year Fixed Rate Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Recognise Bank has launched a new 2 Year Fixed Rate Account this week, which grabs a prominent position in the market. Paying a rate of 6.00%, the deal sits above many of its peers and may entice savers looking for a guaranteed return over the next two years. Savers will also find a monthly interest option is available that pays 5.84% gross, which may appeal to those looking to supplement their income. Savers will find early access is not permitted, but they can make further additions for 14 days from account opening. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.00% gross / 6.00% AER payable on anniversary / monthly interest option of 5.84% gross / 6.00% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
RCI Bank UK – 3 Year Fixed Term Savings Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“RCI Bank UK has reduced the rate on its 3 Year Fixed Term Savings Account this week, which now pays 5.90% gross. The deal retains a prominent position in its sector against its peers and may well attract savers who are looking to lock their money away for a guaranteed return. Savers must have £1,000 to invest upfront and, as is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.90% gross / 5.90% AER payable on anniversary / monthly interest option of 5.75% gross / 5.90% AER also available
- Notice / term: Three years
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18. Joint account option available.
Tandem Bank – Raisin UK – 5 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tandem Bank has launched a 5 Year Fixed Term Deposit through Raisin UK this week. Paying 5.85%, the deal may be an attractive choice for savers looking to lock their money away for a guaranteed return over the next five years. As is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.85% gross / 5.85% AER payable yearly
- Notice / term: Five years
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and post
- Other information: Minimum applicant age 18. Account available via the Raisin UK platform.
Tipton & Coseley Building Society – Fixed Rate ISA to 28.02.25 (App)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tipton & Coseley Building Society has launched a new Fixed Rate ISA which pays an attractive rate of 5.60% until 28 February 2025. Investors who want to utilise their ISA allowance and are happy to lock their cash away may then find this an appealing choice. Consumers can make Cash ISA transfers into the account, and if they so wish, access their deposit subject to a loss of interest penalty. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.60% gross / 5.60% AER fixed rate, payable yearly
- Notice / term: To 28.2.25
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, full transfer only, subject to a 90-day loss of interest penalty
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Branch version also available.
Mortgages
Skipton Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Skipton Building Society has launched a selection of fixed deals this week, including a five-year fixed mortgage at 95% loan-to-value. Priced at 5.95%, this deal offers borrowers a free valuation incentive and does not charge a product fee. 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 Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.95% fixed rate to 30.11.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Payment holidays considered, subject to approval, notice required.
- Lending area: Great Britain.
Barclays Mortgage – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Barclays Mortgage has reduced selected fixed rates in its range, including its two-year fixed offer at 60% loan-to-value. Now priced at 5.97%, the deal may appeal to borrowers looking to save on the upfront cost of their mortgage and secure a competitive rate. A free valuation incentive is included, plus the deal does not charge a product fee. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.97% fixed rate to 31.12.25
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Suffolk Building Society – Two-year discounted-variable rate mortgage, 80% 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 Suffolk Building Society appealing. Priced at 5.99%, the deal charges a reasonable product fee of £1,198, of which £999 can be added to the mortgage advance. This deal secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.99% discounted-variable rate (2.70% discount) for 2 years
- Product fee: £1,198
- Maximum loan-to-value: 80%
- Available to: Second-time buyers
- Incentives: None
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Savings
Oxbury Bank – Personal Easy Access Account (Issue 1)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Oxbury Bank has increased the rate on its Personal Easy Access Account, which takes a prominent position in the easy access savings sector. The account pays an attractive rate of 4.83% 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: 4.83% gross / 4.94% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £500,000
- Access: Permitted via a nominated account only
- 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.
Recognise Bank – 2 Year Fixed Rate Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Recognise Bank has launched a new 2 Year Fixed Rate Account this week, which grabs a prominent position in the market. Paying a rate of 6.00%, the deal sits above many of its peers and may entice savers looking for a guaranteed return over the next two years. Savers will also find a monthly interest option is available that pays 5.84% gross, which may appeal to those looking to supplement their income. Savers will find early access is not permitted, but they can make further additions for 14 days from account opening. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.00% gross / 6.00% AER payable on anniversary / monthly interest option of 5.84% gross / 6.00% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online, by post, by telephone
- Other information: Minimum applicant age 18. Joint account option available.
RCI Bank UK – 3 Year Fixed Term Savings Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“RCI Bank UK has reduced the rate on its 3 Year Fixed Term Savings Account this week, which now pays 5.90% gross. The deal retains a prominent position in its sector against its peers and may well attract savers who are looking to lock their money away for a guaranteed return. Savers must have £1,000 to invest upfront and, as is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.90% gross / 5.90% AER payable on anniversary / monthly interest option of 5.75% gross / 5.90% AER also available
- Notice / term: Three years
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18. Joint account option available.
Tandem Bank – Raisin UK – 5 Year Fixed Term Deposit
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tandem Bank has launched a 5 Year Fixed Term Deposit through Raisin UK this week. Paying 5.85%, the deal may be an attractive choice for savers looking to lock their money away for a guaranteed return over the next five years. As is typical of fixed accounts, savers will not be permitted to access their funds early. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.85% gross / 5.85% AER payable yearly
- Notice / term: Five years
- Minimum opening amount: £1,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online, by phone and post
- Other information: Minimum applicant age 18. Account available via the Raisin UK platform.
Tipton & Coseley Building Society – Fixed Rate ISA to 28.02.25 (App)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Tipton & Coseley Building Society has launched a new Fixed Rate ISA which pays an attractive rate of 5.60% until 28 February 2025. Investors who want to utilise their ISA allowance and are happy to lock their cash away may then find this an appealing choice. Consumers can make Cash ISA transfers into the account, and if they so wish, access their deposit subject to a loss of interest penalty. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.60% gross / 5.60% AER fixed rate, payable yearly
- Notice / term: To 28.2.25
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted on account closure, subject to a 90-day loss of interest penalty
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, full transfer only, subject to a 90-day loss of interest penalty
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Branch version also available.
Mortgages
Skipton Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Skipton Building Society has launched a selection of fixed deals this week, including a five-year fixed mortgage at 95% loan-to-value. Priced at 5.95%, this deal offers borrowers a free valuation incentive and does not charge a product fee. 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 Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.95% fixed rate to 30.11.28
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Payment holidays considered, subject to approval, notice required.
- Lending area: Great Britain.
Barclays Mortgage – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Barclays Mortgage has reduced selected fixed rates in its range, including its two-year fixed offer at 60% loan-to-value. Now priced at 5.97%, the deal may appeal to borrowers looking to save on the upfront cost of their mortgage and secure a competitive rate. A free valuation incentive is included, plus the deal does not charge a product fee. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.97% fixed rate to 31.12.25
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Suffolk Building Society – Two-year discounted-variable rate mortgage, 80% 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 Suffolk Building Society appealing. Priced at 5.99%, the deal charges a reasonable product fee of £1,198, of which £999 can be added to the mortgage advance. This deal secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.99% discounted-variable rate (2.70% discount) for 2 years
- Product fee: £1,198
- Maximum loan-to-value: 80%
- Available to: Second-time buyers
- Incentives: None
- Flexible features: Allows overpayments
- Lending area: England and Wales.