Savings
Al Rayan Bank – Raisin UK - 1 Year Fixed Term Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Al Rayan Bank has increased the expected profit rate on its 1 Year Fixed Term Deposit with Raisin UK, taking the market-leading position. Now paying 4.80% gross, the deal may well appeal to savers who are looking for a guaranteed return and are happy to lock away their cash for an agreed period. It is crucial savers are satisfied with their initial investments as earlier access and further additions are not permitted. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% 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 via Raisin UK
- Managing account: Online and via its mobile app via Raisin UK
- Other information: Minimum applicant age 18. Shari’ah compliant account – rates shown are expected profit rate.
JN Bank – 3 Year Fixed Term Savings Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“JN Bank has increased the rates on a selection of its Fixed Term Savings Accounts, the three-year option now pays a market-leading rate of 4.60% gross. As is the case with many fixed term accounts, earlier access is not permitted, however, investors may be glad to note that after initial funding they can make 11 additional payments on a minimum investment of £100 for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable on its anniversary
- Notice / term: Three-year bond
- Minimum opening amount: £100
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening, maximum of 11 additions after initial funding
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Castle Trust Bank – 1 Year Fixed Rate e-Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Castle Trust Bank has increased the rate on its one-year Fixed Rate e-Cash ISA this week, which improves its position within the market. The account pays 4.49% and may well appeal to savers looking to utilise their ISA allowance and receive a guaranteed return on their investments. Although earlier access is permitted, savers may wish to note this is subject to account closure and 90 days’ loss of interest penalty. In more positive news, further additions are permitted for 14 days from the account opening but it is crucial that savers fund their account with a minimum of £1,000 within this period, otherwise no interest payment will be made, and their money will be refunded. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.49% gross / 4.49% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to 90-day loss of interest penalty and closure of account
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to 90-day loss of interest penalty and closure of the account
- Opening account: Online and via its mobile app
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. New customers can only open an account via the website, after which they gain access to the mobile app and can open subsequent accounts using the Self Service Portal or mobile app. Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14-day funding window. If minimum investment is not made within 14 days of account opening, no interest is paid and the balance will be refunded.
Close Brothers Savings – 5 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rate on a handful of its products this week, including its 5 Year Fixed Rate Bond, paying 4.40%. It takes a position within the top rate tables when compared against bonds of a similar term. Savers will need to invest a substantial minimum amount of £10,000 and further additions can be made for 10 days from the account opening, which may be a bonus; however, much like other bonds, earlier access is not permitted. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.40% gross / 4.40% AER paid yearly
- Notice / term: Five years
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Permitted for 10 days from account opening
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
TSB – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“TSB has reduced some of its fixed rate offerings by up to 0.20% this week. One deal to see a cut is the two-year deal at 80% loan-to-value, which is now priced at 4.59% until 31 March 2027. Borrowers will note there is a reasonable £995 product fee attached, and it also comes with an attractive incentive package which includes a free valuation. This may be ideal for those looking to save on the upfront cost of their mortgage. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate to 31.03.27
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Also payment holidays after one year, which are subject to approval
- Lending area: Great Britain.
Marsden Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Marsden Building Society sees a handful of new products at 95% loan-to-value. The five-year fixed rate option is priced at 4.99% until 30 June 2029 and is available to all borrowers. This could be a tempting option for both those purchasing or remortgaging wishing to keep costs low, as there are no chargeable product fees. It is ideal for those on a limited deposit and comes with a free legal fees incentive for those remortgaging. Assessed as a whole, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.99% fixed rate to 30.06.29
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: All borrower types
- Incentives: Free legal fees remortgage customers
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Cards
Tesco Bank – Tesco Bank Clubcard Credit Card Balance Transfer Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Tesco Bank sees an increase to the balance transfer term to 29 months and a reduction to the introductory balance transfer fee to 2.95% on its Clubcard Balance Transfer credit card. Following these changes, the deal places competitively when compared against its peers. Furthermore, borrowers can transfer debt at a lower rate and pay off existing balances interest-free over a longer term. Adding to its overall appeal, applicants can also earn Clubcard points when they spend. Overall, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: None
- Introductory rate for balance transfers: 0% for 29 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 2.95% as an introductory charge during the first three months from account opening, rising to 3.99% (no min) thereafter
- Card fee: None
- Opening method: Online and by phone
- Card management: Online, by phone, by post and via its mobile app
- Other information: Minimum age 18. Minimum income £5,000. Rates dependent on credit rating. 1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and an enhanced rate of 1 point for every litre of fuel bought at Tesco Petrol Filling Stations. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards. 1 point = 1p (min 250pts)
Savings
Al Rayan Bank – Raisin UK - 1 Year Fixed Term Deposit
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Al Rayan Bank has increased the expected profit rate on its 1 Year Fixed Term Deposit with Raisin UK, taking the market-leading position. Now paying 4.80% gross, the deal may well appeal to savers who are looking for a guaranteed return and are happy to lock away their cash for an agreed period. It is crucial savers are satisfied with their initial investments as earlier access and further additions are not permitted. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% 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 via Raisin UK
- Managing account: Online and via its mobile app via Raisin UK
- Other information: Minimum applicant age 18. Shari’ah compliant account – rates shown are expected profit rate.
JN Bank – 3 Year Fixed Term Savings Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“JN Bank has increased the rates on a selection of its Fixed Term Savings Accounts, the three-year option now pays a market-leading rate of 4.60% gross. As is the case with many fixed term accounts, earlier access is not permitted, however, investors may be glad to note that after initial funding they can make 11 additional payments on a minimum investment of £100 for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.60% gross / 4.60% AER payable on its anniversary
- Notice / term: Three-year bond
- Minimum opening amount: £100
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening, maximum of 11 additions after initial funding
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
Castle Trust Bank – 1 Year Fixed Rate e-Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Castle Trust Bank has increased the rate on its one-year Fixed Rate e-Cash ISA this week, which improves its position within the market. The account pays 4.49% and may well appeal to savers looking to utilise their ISA allowance and receive a guaranteed return on their investments. Although earlier access is permitted, savers may wish to note this is subject to account closure and 90 days’ loss of interest penalty. In more positive news, further additions are permitted for 14 days from the account opening but it is crucial that savers fund their account with a minimum of £1,000 within this period, otherwise no interest payment will be made, and their money will be refunded. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.49% gross / 4.49% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to 90-day loss of interest penalty and closure of account
- Further additions: Permitted for 14 days from account opening
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted, subject to 90-day loss of interest penalty and closure of the account
- Opening account: Online and via its mobile app
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. New customers can only open an account via the website, after which they gain access to the mobile app and can open subsequent accounts using the Self Service Portal or mobile app. Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14-day funding window. If minimum investment is not made within 14 days of account opening, no interest is paid and the balance will be refunded.
Close Brothers Savings – 5 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rate on a handful of its products this week, including its 5 Year Fixed Rate Bond, paying 4.40%. It takes a position within the top rate tables when compared against bonds of a similar term. Savers will need to invest a substantial minimum amount of £10,000 and further additions can be made for 10 days from the account opening, which may be a bonus; however, much like other bonds, earlier access is not permitted. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.40% gross / 4.40% AER paid yearly
- Notice / term: Five years
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Not permitted
- Further additions: Permitted for 10 days from account opening
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
TSB – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“TSB has reduced some of its fixed rate offerings by up to 0.20% this week. One deal to see a cut is the two-year deal at 80% loan-to-value, which is now priced at 4.59% until 31 March 2027. Borrowers will note there is a reasonable £995 product fee attached, and it also comes with an attractive incentive package which includes a free valuation. This may be ideal for those looking to save on the upfront cost of their mortgage. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate to 31.03.27
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments. Also payment holidays after one year, which are subject to approval
- Lending area: Great Britain.
Marsden Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Marsden Building Society sees a handful of new products at 95% loan-to-value. The five-year fixed rate option is priced at 4.99% until 30 June 2029 and is available to all borrowers. This could be a tempting option for both those purchasing or remortgaging wishing to keep costs low, as there are no chargeable product fees. It is ideal for those on a limited deposit and comes with a free legal fees incentive for those remortgaging. Assessed as a whole, this deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.99% fixed rate to 30.06.29
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: All borrower types
- Incentives: Free legal fees remortgage customers
- Flexible features: Allows overpayments
- Lending area: England and Wales.
Cards
Tesco Bank – Tesco Bank Clubcard Credit Card Balance Transfer Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Tesco Bank sees an increase to the balance transfer term to 29 months and a reduction to the introductory balance transfer fee to 2.95% on its Clubcard Balance Transfer credit card. Following these changes, the deal places competitively when compared against its peers. Furthermore, borrowers can transfer debt at a lower rate and pay off existing balances interest-free over a longer term. Adding to its overall appeal, applicants can also earn Clubcard points when they spend. Overall, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: None
- Introductory rate for balance transfers: 0% for 29 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 2.95% as an introductory charge during the first three months from account opening, rising to 3.99% (no min) thereafter
- Card fee: None
- Opening method: Online and by phone
- Card management: Online, by phone, by post and via its mobile app
- Other information: Minimum age 18. Minimum income £5,000. Rates dependent on credit rating. 1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and an enhanced rate of 1 point for every litre of fuel bought at Tesco Petrol Filling Stations. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards. 1 point = 1p (min 250pts)
