Savings

Plum – Plum Cash ISA

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

“This week, Plum has increased one of the rates on its Cash ISA by 0.50%. This rise sees it take the market-leading position for its sector, paying 5.11% gross / 5.18% AER on £100 investments. As interest is paid monthly, it could be an attractive option for savers looking to boost their income. However, it may be important to note that this rate includes a 1.37% gross bonus for 12 months, and savers will face a reduction in the interest rate paid if they make more than three withdrawals per year. Overall, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 2.47% gross / 2.50% AER paid from £1, 5.11% gross / 5.18% AER paid from £100, payable monthly (including a 1.37% gross bonus for 12 months, paid on the first anniversary from account opening)
• Notice / term: None
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, 2.47% gross / 2.50% AER paid if more than three withdrawals are made per year. Minimum withdrawal £1.
• Further additions: Permitted, minimum addition £1
• Transfers in: Permitted, accepts Cash ISAs, Stocks & Shares ISAs, Help to Buy ISAs, Lifetime ISAs, Innovative Finance ISAs and Stocks & Shares LISAs. Bonus rate not applicable if opened via transferring an existing ISA
• Transfers out: Permitted
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18. Operated by Citibank UK Limited. Bonus rate only applicable if a minimum account balance of £100 is maintained and not opened via transferring in an existing ISA.

Ziraat Bank – Raisin UK - 1 Year Fixed Term Deposit

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

“This week, Ziraat Bank has increased the rate on its one-year Fixed Term Deposit with Raisin UK. The account now pays a joint market-leading rate of 4.80%. Savers must plan carefully from the outset as this deal does not permit earlier access or further additions. However, it may entice those looking for a guaranteed return over the next 12 months. On assessment, the account receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.80% gross / 4.80% AER payable on maturity
• 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 mobile app by Raisin UK
• Managing account: Online, and via mobile app by Raisin UK
• Other information: Minimum applicant age 18.

Chetwood Bank – Easy Access

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

“This week, Chetwood Bank has increased the rate on its Easy Access account, which secures a competitive position when compared to its peers. The account pays 4.61% gross / 4.71% AER monthly; and can be opened with no minimum deposit, making it accessible to many savers. However, it is worth noting that only one withdrawal is permitted per day and funds become available the following working day so some careful planning may be needed. On assessment, this account receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.61% gross / 4.71% AER payable monthly
• Notice / term: None
• Minimum opening amount: £0
• Maximum investment amount: No maximum
• Access: Permitted. One withdrawal per day via nominated account, funds available the next working day 
• Further additions: Permitted via nominated account
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

Atom Bank – 2 Year Fixed Saver

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

“This week, Atom Bank has increased the rates on a selection of its Fixed Savers, including the two-year option. The account takes the market-leading position when compared against bonds of the same term, paying 4.60% on its anniversary. It can be opened with as little as £50, so this may appeal to many savers looking for a guaranteed return. Savers looking for an income boost may be pleased that there is also a monthly interest option. It is important investors are comfortable with locking up their cash as earlier access is not permitted; however, further additions can be made for a week from the account opening. On assessment, this account receives an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.60% gross / 4.60% AER payable on anniversary / monthly interest option of 4.51% gross / 4.60% AER also available
• Notice / term: Two years
• Minimum opening amount: £50
• Maximum investment amount: £100,000
• Access: Not permitted
• Further additions: Permitted for one week from account opening
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18.

Virgin Money – 1 Year Fixed Rate Cash E-ISA Issue 653

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

“Alongside changing the issue number, Virgin Money has increased the rate on its one-year Fixed Rate Cash E-ISA this week. The deal pays a rate of 4.46% yearly and has a monthly interest option. It may appeal to savers who want to utilise their ISA allowance, but they must be comfortable with locking their cash away for a year. Although earlier access can be granted it is subject to a 60-day loss of interest penalty. The account can be set up with as little as £1. Overall, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.46% gross / 4.46% AER payable yearly / monthly interest option of 4.37% gross / 4.46% AER also available
• Notice / term: To 24.12.25
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to a 60-day loss of interest penalty
• Further additions: Permitted for 30 days from account opening
• Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
• Transfers out: Permitted, subject to a 60-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

Mortgages

Santander – Two-year fixed rate mortgage, 85% loan-to-value

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

“Santander has repriced most of its residential range, alongside launching new two-year fixed rates for house purchase customers this week. One new eye-catching deal is the two-year fixed rate at 85% loan-to-value, which is priced at 4.69%. Borrowers will be charged a smaller than average £749 arrangement fee and benefit from an appealing incentive package, which includes a free valuation. The combination of low rate, small fee and incentives earns this product an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.69% fixed rate to 2.4.27
• Product fee: £749
• Maximum loan-to-value: 85%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Furness Building Society – Two-year fixed rate mortgage, 95% loan-to-value

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

“The latest update from Furness Building Society sees it increase nearly all its fixed rates, including its two-year fixed rate at 95% loan-to-value. Despite a small 0.08% rise, the deal secures a position as a best buy priced competitively at 5.57%. Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it does not charge any product fees. Further adding to its appeal is an attractive incentive package which includes a free valuation and £250 cashback for all borrowers. Overall, this deal secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.57% fixed rate for two years
• Product fee: None
• Maximum loan-to-value: 95%
• Available to: House purchase customers
• Incentives: Free valuation and £250 cashback
• Flexible features: Allows overpayments
• Lending area: Great Britain.

Cards

Barclaycard – Barclaycard Platinum 19 Month BT and 22 Month Purchase Visa

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

“The latest update from Barclaycard sees it launching a new Platinum 19 Month Balance Transfer and 22 Month Purchase Visa card. This deal sits towards the top of its sector when compared against its peers. Borrowers can transfer existing debt interest-free for 19 months while also benefiting from interest-free purchases over a longer period. It is worth noting that transfers must be made within the first 60 days. Furthermore, borrowers can expect to receive a range of lifestyle perks, including exclusive presale tickets on selected festivals with 10% off ticket prices and up to 15% cashback from selected retailers with Barclaycard Cashback Rewards. On assessment, the card earns an Outstanding Moneyfacts product rating.”

Key product details:

• Introductory rate for purchases: 0% for 22 months
• Introductory rate for balance transfers: 0% for 19 months
• Standard rate for purchases: 24.9% APR
• Balance transfer fee: 3.45% as an introductory charge during the first two months from account opening. Standard fee quoted on application. Balance must be transferred within 60 days
• Card fee: None
• Opening method: Online, by phone and in branch
• Card management: Online, by phone, by post, in branch and via its mobile app
• Other information: Minimum age 21. Minimum income £20,000. Buy tickets for up to 3,500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive presale tickets on selected festivals with 10% off ticket prices. Save 10% on food and drink at all UK 02 Academy venues. Earn up to 15% cashback on selected retailers with Barclaycard Cashback Rewards.