Savings

Al Rayan Bank – Raisin UK – 1 Year Fixed Term Deposit

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Al Rayan Bank has increased the expected profit rate on its 1-year fixed deposit with Raisin UK this week. It now takes a prominent position in the short-term fixed market, paying an expected profit rate of 5.20% gross. The deal may well appeal to savers who are willing to sacrifice access to their cash in the short-term to secure a competitive return. Overall, this account receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.20% gross / 5.20% AER payable on maturity (compounded annually)
• Notice / term: One-year
• Minimum opening amount: £1,000
• Maximum investment amount: £85,000
• Access: Not permitted
• Further additions: Not permitted
• Opening account: Online and via its mobile app
• Managing account: Online and via its mobile app
• Other information: Minimum applicant age 18. Shari’ah compliant account – rates shown are expected profit rate.

Tipton & Coseley Building Society – Single Access ISA (Mobile App Account)

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Tipton & Coseley Building Society has launched two new variable rate accounts this week, the most competitive of which being the Single Access ISA (Mobile App Account) which pays 5.01%. Investors who want to utilise their full ISA allowance may find this an ideal option as it requires an initial minimum investment of £1,000, and further additions are permitted. However, the account only permits one penalty-free withdrawal per year, and any made thereafter will be subject to a 60-day loss of interest payment. Overall, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.01% gross / 5.01% AER variable rate, payable yearly
• Notice / term: None
• Minimum opening amount: £1,000
• Maximum investment amount: £100K
• Access: Permitted, one penalty-free withdrawal per annum, further withdrawals or closure subject to 60 days’ loss of interest via nominated account
• Further additions: Permitted via nominated account
• Transfers in: Permitted. Accepts Cash ISAs
• Transfers out: Permitted
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18.

Harpenden Building Society – 2 Year Fixed Rate Bond (Issue 5)

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Harpenden Building Society has launched a new 2 Year Fixed Rate Bond. The account now pays a market-leading rate for its sector of 4.96% and takes the top spot in our tables. This deal may appeal to savers who are comfortable foregoing their cash for a longer period, however, it is crucial they plan carefully from the outset as withdrawals and further additions are not permitted. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.96% gross / 4.96% AER payable on maturity
• Notice / term: Two years
• Minimum opening amount: £1,000
• Maximum investment amount: £1 million
• Access: Not permitted
• Further additions: Not permitted
• Opening account: Online, by post and in branch
• Managing account: Online, by post and in branch
• Other information: Minimum applicant age 18. Joint account option available.

cahoot – cahoot Simple Saver (Issue 4)

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“cahoot has changed the issue number and increased the rate on its Simple Saver account this week. Paying 4.85% gross, the deal takes a place in our top rate tables when compared against other easy access accounts. Savers will need as little as £1 to open the account and it may be an ideal option for those looking for some flexibility when it comes to their savings. Adding to its appeal there is a monthly interest option for those looking to give a boost to their income. However, it is worth noting that no interest is paid on the portion of balance over £500,000 which may be worth considering. The account secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.85% gross / 4.85% AER payable on anniversary or monthly interest option 4.75% gross / 4.85% AER. No interest paid on the portion of balance over £500,000
• Notice / term: None
• Minimum opening amount: £1
• Maximum investment amount: £2 million
• Access: Permitted
• Further additions: Permitted
• Opening account: Online
• Managing account: Online and by phone
• Other information: Minimum applicant age 16. Joint account option available. Reverts into a cahoot Savings Account after 12 months.

Mortgages

HSBC – Three-year fixed rate mortgage, 60% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week HSBC has reduced selected fixed rates by up to 0.19%. One of the options to receive a smaller cut of 0.12% is its three-year fixed rate deal at 60% loan-to-value, which now charges 4.32%. The deal comes with a £999 fee and includes a free valuation incentive which may add to its appeal. Overall, this product earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.32% fixed rate to 30.9.27
• 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.

Leek Building Society – Two-year fixed rate mortgage, 85% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“Leek Building Society has launched a couple of new fixed rate mortgages this week, including a two-year fixed rate offering at 85% loan-to-value. It is priced at 4.94% until 31 October 2026. The deal may appeal to borrowers looking to save on the upfront cost of their mortgage as this offering comes with an attractive incentive package, which includes a free valuation and £400 cashback upon completion and charges a fair product fee of £995. On assessment, this deal earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.94% fixed rate to 31.10.26
• Product fee: £995
• Maximum loan-to-value: 85%
• Available to: All borrowers
• Incentives: Free valuation and £400 cashback on completion
• Flexible features: Allows overpayments
• Lending area: England and Wales.

Buy-to-Let

Principality Building Society – Five-year fixed rate mortgage, 60% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week Principality Building Society has made reductions to selected five-year fixed rate deals for landlords, including its offering at 60% loan-to-value which has seen a 0.07% cut and is now priced at 4.35% until 31.10.29. The deal comes with an appealing incentive package which includes a free valuation, however, there is a £1,395 product fee which may need to be considered. Overall, this deal earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.35% fixed rate to 31.10.29
• Product fee: £1,395
• 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.

HSBC – Two-year fixed rate mortgage, 75% loan-to-value

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“This week HSBC has made reductions across many of its fixed rates for landlords. One of the options to receive a smaller cut is its two-year fixed rate deal at 75% loan-to-value, which now charges 5.19%. Landlords may be glad to see that there is no product fee attached to this deal and its enticing incentive package which includes a free valuation. Overall, this product earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.19% fixed rate to 30.9.26
• Product fee: None
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Cards

M&S Bank – M&S Bank Credit Card Transfer Plus Offer Mastercard

Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:

“The latest update from M&S Bank sees an increase to the transfer term on its Credit Card Transfer Plus Offer Mastercard to 27 months. This card allows customers to transfer an existing balance for an extended period and sits competitively among other peers in its sector. Adding to its appeal, the deal currently offers 0% on introductory purchases for three months. Borrowers can also receive a wide range of rewards by collecting points which can be spent in M&S stores. On assessment, the card earns an Outstanding Moneyfacts product rating.”

Key product details:

• Introductory rate for purchases: 0% for 3 months
• Introductory rate for balance transfers: 0% for 27 months
• Standard rate for purchases: 24.9% APR
• Balance transfer fee: 3.49% as an introductory charge during the first 90 days from account opening
• Card fee: None
• Opening method: Online, by phone and by post
• Card management: By phone, by post, via its mobile app and in branch
• Other information: Minimum age 18. 1 point will be earned for every full £1 spent in Marks & Spencer UK stores, internet, outlets and Simply Food. 1 point will be earned for every £5 spent outside of Marks & Spencer. Points will be converted into reward vouchers four times a year and sent to the customers with the Loyalty statement. Remaining points will be carried over to the next collection period. Rewards vouchers can be redeemed in all Marks & Spencer UK stores and online. Points cannot be exchanged for cash or gift vouchers. 1 point = 1p (min 100pts).