Savings
JN Bank – 5 Year Fixed Term Savings Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“JN Bank has increased the rate on its five-year Fixed Term Savings Account by 0.31%. This rise sees it take the market-leading position for its term paying an attractive 4.80% and can be opened with as little as £100. As is the case with many fixed term accounts, earlier access is not permitted, so savers must be comfortable not having any access to their cash for the full term. However, investors may be glad to note that after initial funding they can make 11 additional payments for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% AER payable on its anniversary
- Notice / term: Five-year bond
- Minimum opening amount: £100
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: 11 additional payments permitted after initial funding for 14 days from account opening
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
DF Capital – 1 Year Fixed Rate Deposit (Issue 14)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week saw DF Capital launch a new 1 Year Fixed Rate Deposit. The account pays 4.74% on £1,000 investments and takes a competitive spot within the top tables when compared against its peers. As is common in the fixed market, earlier access is not permitted, so this deal may only appeal to savers willing to lock away their cash to gain a guaranteed return. However, there is an option to make further additions for 14 days after the account is opened, which may be a further benefit for some. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.74% gross / 4.74% AER payable on maturity
- Notice / term: One-year bond
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via a nominated account
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
GB Bank – Easy Access Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week GB Bank has launched a wide selection of accounts, including a new easy access account. The deal takes a prominent position in the top tables when compared against other no notice products. It pays 4.70% on its anniversary for savers who have a minimum of £1,000 to invest. Alternatively, there is also a monthly interest option for savers wishing to boost their income. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.70% gross / 4.70% AER payable on anniversary, monthly interest option of 4.60% gross / 4.70% AER
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £100,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Close Brothers Savings – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rates on a selection of its fixed rate cash ISAs alongside re-launching its easy access account. The one-year fixed ISA option pays a shared market-leading rate of 4.55% and may well appeal to those looking to maximise their tax-free savings in the short-term. Savers will need a substantial initial investment of £10,000 but further additions are permitted for 10 days from the account opening if they wish to invest more. However, savers should be cautious as even though early access is permitted, this will result in account closure and is subject to a 90-day loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.55% gross / 4.55% AER payable yearly
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted, on account closure and subject to a 90-day loss of interest penalty
- Further additions: Permitted, for 10 days from account opening
- Transfers in: Permitted, allows Cash and Stocks and Shares ISAs. Transfer instructions must be received within 10 days of account opening
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18.
Mortgages
Newcastle Building Society – Two-year variable tracker rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Newcastle Building Society reduced the rate on its two-year variable tracker deal. Now priced at 5.70% until 31 May 2027, the deal is available for borrowers at 90% loan-to-value. Borrowers looking to save on the upfront cost of their mortgage will find an attractive incentive package which includes a free valuation, and the deal also does not charge any product fees Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 5.70% variable tracker rate (collared at 1.50%) until 31.5.27
- Product fee: None
- Maximum loan-to-value: 90%
- Available to: All borrower types
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Cards
Santander – Everyday Long Term Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Santander sees an increase to the introductory balance term on its Everyday Long Term Balance Transfer Credit Card to 29 months and a reduction to the balance transfer fee to 3.40%. With these changes, it takes a respectable position in the market when compared against its peers and will likely be an attractive option for borrowers looking to transfer existing balances interest-free over a longer period. Further adding to its appeal, the card also offers 0% on purchases for three months in addition to offering a range of perks through Santander Boosts. On assessment, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 29 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.40%, minimum £5 fee, as an introductory charge during the introductory transfer period, rising to 3% (£5 min) thereafter
- Card fee: None
- Opening method: Online and in branch
- Card management: Online, by phone, by post, in branch and via its mobile app
- Other information: Minimum age 18. Minimum income £10,500. Sign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers. Customer must be signed to online and mobile banking to qualify.
Savings
JN Bank – 5 Year Fixed Term Savings Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“JN Bank has increased the rate on its five-year Fixed Term Savings Account by 0.31%. This rise sees it take the market-leading position for its term paying an attractive 4.80% and can be opened with as little as £100. As is the case with many fixed term accounts, earlier access is not permitted, so savers must be comfortable not having any access to their cash for the full term. However, investors may be glad to note that after initial funding they can make 11 additional payments for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.80% gross / 4.80% AER payable on its anniversary
- Notice / term: Five-year bond
- Minimum opening amount: £100
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: 11 additional payments permitted after initial funding for 14 days from account opening
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
DF Capital – 1 Year Fixed Rate Deposit (Issue 14)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week saw DF Capital launch a new 1 Year Fixed Rate Deposit. The account pays 4.74% on £1,000 investments and takes a competitive spot within the top tables when compared against its peers. As is common in the fixed market, earlier access is not permitted, so this deal may only appeal to savers willing to lock away their cash to gain a guaranteed return. However, there is an option to make further additions for 14 days after the account is opened, which may be a further benefit for some. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.74% gross / 4.74% AER payable on maturity
- Notice / term: One-year bond
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via a nominated account
- Opening account: Online
- Managing account: Online and by phone
- Other information: Minimum applicant age 18.
GB Bank – Easy Access Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week GB Bank has launched a wide selection of accounts, including a new easy access account. The deal takes a prominent position in the top tables when compared against other no notice products. It pays 4.70% on its anniversary for savers who have a minimum of £1,000 to invest. Alternatively, there is also a monthly interest option for savers wishing to boost their income. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.70% gross / 4.70% AER payable on anniversary, monthly interest option of 4.60% gross / 4.70% AER
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £100,000
- Access: Permitted
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Close Brothers Savings – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rates on a selection of its fixed rate cash ISAs alongside re-launching its easy access account. The one-year fixed ISA option pays a shared market-leading rate of 4.55% and may well appeal to those looking to maximise their tax-free savings in the short-term. Savers will need a substantial initial investment of £10,000 but further additions are permitted for 10 days from the account opening if they wish to invest more. However, savers should be cautious as even though early access is permitted, this will result in account closure and is subject to a 90-day loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.55% gross / 4.55% AER payable yearly
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted, on account closure and subject to a 90-day loss of interest penalty
- Further additions: Permitted, for 10 days from account opening
- Transfers in: Permitted, allows Cash and Stocks and Shares ISAs. Transfer instructions must be received within 10 days of account opening
- Transfers out: Permitted, subject to a 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18.
Mortgages
Newcastle Building Society – Two-year variable tracker rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Newcastle Building Society reduced the rate on its two-year variable tracker deal. Now priced at 5.70% until 31 May 2027, the deal is available for borrowers at 90% loan-to-value. Borrowers looking to save on the upfront cost of their mortgage will find an attractive incentive package which includes a free valuation, and the deal also does not charge any product fees Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 5.70% variable tracker rate (collared at 1.50%) until 31.5.27
- Product fee: None
- Maximum loan-to-value: 90%
- Available to: All borrower types
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Cards
Santander – Everyday Long Term Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Santander sees an increase to the introductory balance term on its Everyday Long Term Balance Transfer Credit Card to 29 months and a reduction to the balance transfer fee to 3.40%. With these changes, it takes a respectable position in the market when compared against its peers and will likely be an attractive option for borrowers looking to transfer existing balances interest-free over a longer period. Further adding to its appeal, the card also offers 0% on purchases for three months in addition to offering a range of perks through Santander Boosts. On assessment, the card earns an Outstanding Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 29 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.40%, minimum £5 fee, as an introductory charge during the introductory transfer period, rising to 3% (£5 min) thereafter
- Card fee: None
- Opening method: Online and in branch
- Card management: Online, by phone, by post, in branch and via its mobile app
- Other information: Minimum age 18. Minimum income £10,500. Sign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers. Customer must be signed to online and mobile banking to qualify.
