Savings

Moneybox – Moneybox Cash ISA

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

“This week, Moneybox has increased the rate on its Moneybox Cash ISA. The deal grabs the market-leading position when compared against its peers. It now pays an attractive 5.11%, which includes a bonus of 0.66% for the first 12 months, so it is important savers review after this period. Savers looking for flexibility and instant access to their tax-free savings may find this an enticing option. Although withdrawals are permitted, savers would be wise to act with caution as the rate drops significantly to 0.75% should they exceed three withdrawals in a 12-month period. In more positive news further additions are permitted at any time into the account. On assessment, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.11% gross / 5.11% AER payable on anniversary (includes a 0.66% bonus for 12 months)
• Notice / term: None
• Minimum opening amount: £500
• Maximum investment amount: ISA allowance
• Access: Permitted. Lower rate of 0.75% paid if more than three withdrawals made per 12-month period
• Further additions: Permitted
• Transfers in: Permitted. Accepts Cash, Stocks and Shares, Help to Buy, Cash LISAs, Stock and Shares LISAs and Innovative Finance ISAs
• Transfers out: Permitted
• Opening account: Via mobile app
• Managing account: Via mobile app
• Other information: Minimum applicant age 18.

Family Building Society – 1 Year Fixed Rate Bond (52)

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

“Family Building Society has changed the issue number and increased the rates on its one-year fixed bond. Savers with at least £10,000 to invest may find the yearly 4.76% interest rate enticing, especially those searching for a guaranteed return. Consumers may also be glad to note that there is a monthly interest option for those looking for an income boost and further additions can be made for 15 days from the account opening. As is the case with many fixed accounts earlier access is not permitted, so investors must be comfortable locking away their cash. Overall, the deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.76% gross / 4.76% AER payable yearly / monthly interest option of 4.66% gross / 4.76% AER also available
• Notice / term: One year
• Minimum opening amount: £10,000
• Maximum investment amount: £250,000
• Access: Not permitted
• Further additions: Permitted, for 15 days from account opening
• Opening account: Online
• Managing account: Online, by phone, by post and in branch
• Other information: Minimum applicant age 16.

Hodge Bank – 2 Year Fixed Rate Cash ISA

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

“This week, Hodge Bank has increased the rate on its Two-Year Fixed Rate Cash ISA to 4.46% which sees it take the market-leading position for its sector. This may be an attractive option for savers wishing to utilise their full ISA allowance and receive a guaranteed return. There is also a monthly interest option available. Investors should note that earlier access is subject to 180 days’ loss of interest so any withdrawals should be considered carefully. Further additions can also be made for 14 days from the account opening via a nominated account. On assessment, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.46% gross / 4.46% AER payable on anniversary / monthly interest option of 4.37% gross / 4.46% AER also available
• Notice / term: Two years
• Minimum opening amount: £1,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 180-day loss of interest penalty
• Further additions: Permitted, for 14 days from account opening via nominated account
• Transfers in: Not permitted
• Transfers out: Permitted, subject to 180-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

Hinckley & Rugby Building Society – 5 Year Fixed Rate Cash ISA - Issue 10

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

“This week, Hinckley & Rugby Building Society changed the issue number alongside increasing the rate on its Five-Year Fixed Rate Cash ISA to 4.25%, taking a competitive position compared to other fixed cash ISAs of a similar term. This may be an attractive option for savers wishing to utilise their full ISA allowance over a longer period on top of receiving a guaranteed return. Investors should note that earlier access is subject to 365 days’ loss of interest and further additions are not permitted so the initial investment amount should be considered carefully. On assessment, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.25% gross / 4.25% AER payable on yearly
• Notice / term: Five years
• Minimum opening amount: £500
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 365-day loss of interest penalty
• Further additions: Not permitted
• Transfers in: Permitted. Accepts Cash ISAs
• Transfers out: Permitted, subject to 365-day loss of interest penalty
• Opening account: By post and in branch
• Managing account: By post and in branch
• Other information: Minimum applicant age 18.

Mortgages

Nationwide Building Society – Three-year fixed rate mortgage, 90% loan-to-value

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

“Nationwide Building Society has this week increased many of its deals by up to 0.15%, including its three-year fixed rate deal at 90% loan-to-value. This saw a small rise of 0.03% and is now priced at 4.98%. The deal includes an attractive incentive package of a free valuation as well as a Green Reward. The mortgage has a reasonable £999 product fee attached which can be added to the advance, so those looking to save on the upfront cost of their deal may find the package appealing. Overall, this product earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.98% fixed rate for three years
• Product fee: £999
• Maximum loan-to-value: 90%
• Available to: Second-time buyers
• Incentives: Free valuation. £250 Green Reward for properties with an EPC score of 86 to 91, or £500 Green Reward for properties with an EPC score of 92+.
• Flexible features: Allows overpayments. Underpayments considered subject to approval and overpayments having been made
• Lending area: Great Britain and Northern Ireland (excluding Scilly Isles).

Principality Building Society – Two-year variable tracker rate mortgage, 85% loan-to-value

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

“This week, Principality Building Society reduced the rate on its two-year variable tracker deal. Now priced at 5.48% until 31 May 2027, the deal is available for borrowers at 85% 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 for all borrowers and, for those remortgaging,free legal fees. Adding to its appeal the deal charges no product fees. Overall, the deal earns an Outstanding Moneyfacts product rating.”

Key product details:

• 5.48% variable tracker rate (collared at 2.00%) until 31.5.27
• Product fee: None
• Maximum loan-to-value: 85%
• Available to: All borrower types
• Incentives: Free valuation for all and free legal fees for remortgages
• Flexible features: Allows overpayments
• Lending area: England and Wales.