Savings

Yorkshire Building Society – £50 Regular eSaver

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

“Yorkshire Building Society has launched its new £50 Regular eSaver this week, which pays a market-leading 8.00%. The account grabs the joint-top position for its sector and may attract savers who are looking to build a healthy savings habit, as this offer allows them to put away up to £50 per month, but it is worth noting it can only be funded with new money to the institution. It would be wise for savers to consider withdrawals carefully, as earlier access is only permitted on three days plus account closure per year. Overall, this receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 8.00% gross / 8.00% AER variable payable on anniversary
• Notice / term: One year
• Minimum opening amount: £1
• Maximum monthly investment amount: £50
• Maximum investment amount: £600
• Access: Permitted, three withdrawal days plus account closure per year
• Further additions: Permitted, providing monthly maximum not exceeded
• Opening account: Online
• Managing account: Online and via mobile app
• Other information: Minimum applicant age 16. Must be funded with new money to the institution.

Mizrahi Tefahot Bank Ltd – Raisin UK – 1 Year Fixed Term Deposit

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

“This week, Mizrahi Tefahot Bank Ltd has reduced the rate on its 1 Year Deposit with Raisin UK, now paying 5.00%. Despite the reduction, the account sits in the lead position when compared against other one-year fixed bonds. Savers will need to invest at least £1,000 but they should consider initial payments carefully as further additions are not permitted. As is the case with many fixed term deposits, earlier access is also not permitted. Overall, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.00% gross / 5.00% AER payable on maturity
• Notice / term: One-year bond
• Minimum opening amount: £1,000
• Maximum investment amount: £85,000
• Access: Not permitted
• Further additions: Not permitted
• Opening account: Online and via mobile app
• Managing account: Online and via mobile app
• Other information: Minimum applicant age 18. £100 bonus available if a Fixed Term Deposit with a term of six months or longer is opened with a minimum of £10,000, terms and conditions apply.

West Brom Building Society – Four Access Saver (Issue 1)

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

“The latest update from West Brom Building Society sees a rate increase to its Four Access Saver, which pays 4.90% yearly. The account takes a competitive place in its sector and may be an appealing option for savers who wish to contribute funds to their pots at any time. Additionally, the deal may appeal to savers looking to boost their income as there is a monthly interest option available. However, it is crucial that any withdrawals are considered carefully as a lower rate is paid if more than four are made per year. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.90% gross / 4.90% AER payable yearly / monthly interest option of 4.79% gross / 4.90% AER also available
• Notice / term: None
• Minimum opening amount: £1
• Maximum investment amount: £1 million
• Access: Permitted, lower rate of 2.55% gross/AER yearly or 2.52% gross / 2.55% AER monthly paid for the remainder of the year if more than four withdrawals are made.
• Further additions: Permitted
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 16. Joint account option available. Matures on 31.12.25 into a Limited Access Saver account.

Marsden Building Society – Online Cash ISA (Issue 4)

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

“Marsden Building Society has launched a new Online Cash ISA this week, paying 4.85%. The deal secures a competitive position when compared to its peers and is available to those who have a minimum initial deposit of £5,000. Savers looking for flexibility with their ISA cash may find this an enticing deal as it allows unlimited withdrawals and further additions. However, investors may wish to note that all funds withdrawn cannot be replaced in the same tax-year. It is also worth considering that transfers in are permitted on external transfers only. Overall, the account earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.85% gross / 4.85% AER payable yearly
• Notice / term: None
• Minimum opening amount: £5,000
• Maximum investment amount: ISA allowance
• Access: Permitted
• Further additions: Permitted
• Transfers in: Permitted, external transfers only. Accepts Cash ISAs
• Transfers out: Permitted
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

United Trust Bank – Cash ISA 1 Year Bond

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

“United Trust Bank has increased the rate on its one-year fixed Cash ISA, which now pays a competitive rate of 4.65% and may well entice savers looking to take advantage of their ISA allowance. Savers can invest from £5,000 and make transfers in from cash ISAs, plus they can access their cash early if they so wish, subject to an interest penalty, so any withdrawals should be considered carefully. The deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.65% gross / 4.65% AER payable on maturity
• Notice / term: One year
• Minimum opening amount: £5,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 180-day loss of interest penalty. Interest can be withdrawn annually on the anniversary date
• Further additions: Not permitted
• Transfers in: Permitted. Accepts Cash ISAs
• Transfers out: Permitted, subject to 180-day loss of interest penalty
• Opening account: Online
• Managing account: Online, by post and by phone
• Other information: Minimum applicant age 18.

Mortgages

Principality Building Society – Five-year fixed rate mortgage, 80% 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 rates within its range, including a five-year fixed rate deal that has seen a drop of 0.10%. It now pays a competitive 4.30% and is available at 80% loan-to-value. 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 Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.30% fixed rate to 31.12.29
• Product fee: £1,395
• Maximum loan-to-value: 80%
• Available to: All borrowers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: England and Wales.

Yorkshire Building Society – Two-year fixed rate mortgage, 75% loan-to-value

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

“Yorkshire Building Society has made rate amendments to selected fixed rates alongside adding some products at selected loan-to-values. Seeing a reduction of 0.10% is its two-year fixed mortgage at 75% loan-to-value for house purchase customers, priced at an attractive 4.49% until 31 January 2027. The deal comes with a smaller than average fee of £495 and hosts an enticing incentive package which includes a free valuation and £250 cashback, making this an ideal option for borrowers looking to save on the upfront cost of their mortgage. Borrowers may also be glad to note that there is a range of flexible options available subject to conditions. On assessment, this product earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.49% fixed rate to 31.1.27
• Product fee: £495
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: Free valuation and £250 cashback
• Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made
• Lending area: Great Britain and Northern Ireland.

TSB – Three-year fixed rate mortgage, 95% loan-to-value

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

“TSB has reduced selected fixed rates for house purchase borrowers by up to 0.40% and launched a handful of new deals. One of these new products is a three-year deal at 95% loan-to-value priced at 5.59% until 31 December 2027. Borrowers may be glad to see that this deal does not charge any product fees, and it also comes with an attractive incentive package which includes a free valuation and £500 cashback, which may be ideal for those looking to save on the upfront cost of their mortgage. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.59% fixed rate to 31.12.27
• Product fee: None
• Maximum loan-to-value: 95%
• Available to: First-time buyers
• Incentives: Free valuation and £500 cashback
• Flexible features: Allows overpayments and payment holidays, after one year and subject to approval
• Lending area: Great Britain.

Buy-to-Let

Barclays Mortgage – Five-year fixed rate mortgage, 75% loan-to-value

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

“Barclays Mortgage has made reductions of up to 0.40% across its buy-to-let range offerings this week. One deal to see this cut is its five-year fixed rate deal at 75% loan-to-value, which charges an appealing 4.32% until 31.12.29. Landlords will find a £1,295 fee, but this deal lacks an incentive package which may need to be considered. Those who wish to save on their monthly payments in the future have the option to make overpayments. Overall, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.32% fixed rate to 31.12.29
• Product fee: £1,295
• Maximum loan-to-value: 75%
• Available to: House purchase customers
• Incentives: None
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Skipton Building Society – Two-year variable tracker rate mortgage, 75% loan-to-value

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

“Skipton Building Society has launched a new two-year variable tracker deal this week. Available at 75% loan-to-value, it is priced at 6.04% for two years and charges a £995 fee. Landlords will find a free valuation incentive is included and, for those remortgaging, it also offers free legal fees which may attract those looking to save on the upfront cost. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• 6.04% variable tracker rate (collared at 3%) for two years
• Product fee: £995
• Maximum loan-to-value: 75%
• Available to: Second-time buyers and remortgage customers
• Incentives: Free valuation and free legal fees for remortgages
• Flexible features: Allows overpayments
• Lending area: Great Britain.

Banking

first direct – 1st Account

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

“For customers looking to switch their current account provider, first direct has introduced a new switching incentive this week for those who switch to its 1st Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £175 cashback following certain conditions. Adding to its appeal, customers can expect to receive a £250 interest-free buffer on its arranged overdraft, which some may find beneficial. However, the account does not pay any credit interest, which should be considered. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Outstanding Moneyfacts product rating.”

Key product details:

• Credit interest / reward: None
• Cashback on debit card purchases: None
• Account fee: None
• Arranged overdraft: 39.90% EAR, plus £250 interest-free buffer
• Opening account: Online, by phone or mobile app
• Managing account: Online, in branch, by phone, via mobile app, at the Post Office, or by text alerts
• Other information: Minimum applicant age 18. Eligible for linked Savings Pots. £175 free cash offer, using the Current Account Switch Service, including at least two direct debits or standing orders. Customers must deposit £1,000, register and log on to online banking within 45 days of account opening and make five or more debit card payments. Terms and Conditions apply.