Savings

Chip – Chip Cash ISA

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

“Chip has reduced the rate on its Chip Cash ISA this week, despite which it continues to pay the market-leading rate. Now priced at 5.00% AER, it includes a 0.65% gross bonus for the first six months providing a promotional code is entered within 14 days of installing the Chip app. Savers can invest as little as £1 to open the account, and interest is paid monthly which may be useful to those looking for an income boost. As is the case with many variable rate ISAs both instant access and further additions are permitted. However, savers should be aware that they need to hold a Chip subscription (for which both free and paid options are available). The deal secures an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.89% gross / 5.00% AER payable monthly (including a 0.65% gross bonus for six months if promo code ‘MARCHBOOST’ is entered within 14 days of having the Chip app)
• Notice / term: None
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted
• Further additions: Permitted
• Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
• Transfers out: Permitted
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18. Operated by ClearBank. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days for a ChipX subscription. Flexible ISA rules apply.

Family Building Society – Online Saver (9)

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

“Family Building Society has launched a new Online Saver this week. Savers searching for a competitive rate on a flexible savings account may find the 4.60% rate enticing. Although withdrawals are permitted, it is worth noting that they must be from a minimum of £100 but further additions are also permitted. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.60% gross / 4.60% AER payable yearly
• Notice / term: None
• Minimum opening amount: £100
• Maximum investment amount: £250,000
• Access: Permitted, minimum withdrawal £100
• Further additions: Permitted
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 16. Joint account option available.

SmartSave – 1 Year Fixed Rate Saver

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

“This week SmartSave has reduced the rate on its 1 Year Fixed Rate Saver. Now paying a rate of 4.52%, the deal maintains its competitive position when compared against its peers and may well appeal to savers looking for a guaranteed return. As is common with fixed bonds, savers must be prepared to tie their money up for the duration of the term as earlier access is not permitted, but they may be pleased to note that further additions are permitted for 14 days from the account opening. The deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.52% gross / 4.52% AER, payable on maturity
• Notice / term: One year
• Minimum opening amount: £10,000
• Maximum investment amount: £85,000
• Access: Not permitted
• Further additions: Permitted, within 14 days of account opening
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

UBL UK – 1 Year Fixed Rate Cash ISA

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

“UBL UK has increased the rate on its 1 Year Fixed Rate Cash ISA this week and now pays the top rate in its market. Paying an attractive 4.45% on maturity, savers who still need to maximise their ISA allowance may find this an appealing option. However, it is important investors are comfortable with their initial investment as further additions are not permitted and gaining earlier access to their funds will be subject to 90 days’ loss of interest and account closure, so careful planning is crucial. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.45% gross / 4.45% AER payable on maturity
• Notice / term: One year
• Minimum opening amount: £2,000
• Maximum investment amount: ISA allowance
• Access: Permitted on account closure only, subject to 90 days’ loss of interest
• Further additions: Not permitted
• Transfers in: Permitted. Accepts Cash ISAs
• Transfers out: Permitted, subject to 90-day loss of interest penalty
• Opening account: Online, via its mobile app, by post and in branch
• Managing account: Online, via its mobile app, by phone, by post and in branch
• Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within UBL UK’s range.

Mortgages

TSB – Three-year fixed rate mortgage, 75% loan-to-value

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

“TSB has reduced selected fixed rates within its residential range by up to 0.10% this week. One deal to see a smaller 0.05% cut is the three-year deal at 75% loan-to-value, which is now priced at 4.21% until 30 June 2028. Borrowers will note there is a larger £1,495 product fee attached, but this is partially offset by a free valuation incentive. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.21% fixed rate to 30.06.28
• Product fee: £1,495
• Maximum loan-to-value: 75%
• Available to: Second-time buyers
• Incentives: Free valuation
• Flexible features: Allows overpayments. Also payment holidays after one year, which are subject to approval
• Lending area: Great Britain.

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

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

“Santander has made a variety of changes to its residential mortgage range, including launching several variable tracker deals for first-time buyers and fixed deals for homemovers. One new eye-catching deal to note is its two-year fixed rate deal for second-time buyers at 85% loan-to-value, which is priced at 4.57% until 2 June 2027. Borrowers looking to save on the upfront cost of their mortgage may find this an attractive deal as it charges a smaller than average £749 product fee and also has an enticing incentive package including a free valuation and £250 cashback. The combination of these changes earns this product an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.57% fixed rate to 2.6.27
• Product fee: £749
• Maximum loan-to-value: 85%
• Available to: Second-time buyers
• Incentives: Free valuation and £250 cashback
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Bath Building Society – Two-year discounted variable rate mortgage, 80% loan-to-value

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

“This week, Bath Building Society reduced its discounted variable and two-year fixed rates by up to 0.35%. Its two-year discounted variable rate deal at 80% loan-to-value has seen a smaller 0.10% and is now priced at 4.74%. Borrowers looking to save on the upfront cost of their mortgage will find that there are no product fees and an attractive incentive package which includes a free valuation. Overall, the deal earns an Outstanding Moneyfacts product rating.”

Key product details:

• 74% variable tracker rate (3.05% disc) for two years
• Product fee: None
• Maximum loan-to-value: 80%
• Available to: All borrower types
• Incentives: Free valuation
• Flexible features: Allows overpayments. Payment holidays permitted subject to approval
• Lending area: England, Wales and mainland Scotland.

Barclays Mortgage – Two-year fixed rate mortgage, 90% loan-to-value

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

“Barclays Mortgage has reduced the majority of its house purchase fixed rates by up to 0.48%, including its two-year fixed offer at 90% loan-to-value. The deal is now priced at 4.93% and may appeal to borrowers looking to save on the upfront cost of their deal and secure a competitive rate. A free valuation incentive is included and, adding to its appeal, the deal does not charge a product fee. Overall, this product earns an Outstanding Moneyfacts product rating.”

Key product details:

• Rate: 4.93% fixed rate to 30.6.27
• Product fee: None
• Maximum loan-to-value: 90%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

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 it re-launch its 95% loan-to-value fixed rate deal. The five-year fixed rate option is priced at 4.99% until 30 April 2030 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 30.04.30
• 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

TSB – Platinum Balance Transfer Card Mastercard

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

“The latest update from TSB sees it reduce the 0% introductory terms on their Platinum Balance Transfer card to 24 months. Despite the term reduction, the deal remains an appealing option for borrowers looking to transfer balances. Although lower balance transfer fees are available elsewhere, borrowers can benefit from 0% on purchase for three months which may add to its overall appeal. As a result, the card earns an Excellent Moneyfacts product rating.”

Key product details:

• Introductory rate for purchases: 0% for three months
• Introductory rate for balance transfers: 0% for 24 months
• Standard rate for purchases: 24.9% APR
• Balance transfer fee: 3.49% as an introductory charge during the first three months from account opening, rising to 5.00% (no min) thereafter
• Card fee: None
• Opening method: Online
• Card management: Online, by phone, in branch and via its mobile app
• Other information: Minimum age 18.

Loans

Novuna Personal Finance – Unsecured Personal Loan

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

“The latest update from Novuna Personal Finance sees it increase the rates on selected tiers of its Personal Loan. Despite the increase making borrowing more expensive, it remains a competitive option for borrowers and takes a position in the top tables when compared to its peers. In positive news, the loan allows overpayments to be made without an early repayment charge. Overall, the product earns an Excellent Moneyfacts product rating.”

Key product details:

• Representative APR: 6.5%
• Loan period: Rate shown is based on a term of 60 months for a £7,500 borrowing
• Application available: Online and by phone
• Other information: Minimum age 21. Minimum Applicant Net Income £10,000 per year.