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 continues to hold the market-leading position when compared against its peers. It now pays an attractive 5.32%, however, it does include a 1.12% bonus for the first three months, so it is important savers review the rate when this expires. Savers looking for flexibility and instant access to their tax-free savings may find this an enticing option. Withdrawals are permitted; however, they should be considered carefully as a lower rate of 0.75% is paid if four or more withdrawals are made in a 12-month period. In more positive news further additions are permitted at any time into the account and investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.32% gross / 5.32% AER payable on anniversary (includes a 1.12% bonus for three months)
- Notice / term: None
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted. Lower rate of 0.75% gross/AER 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 and Innovative Finance ISAs
- Transfers out: Permitted
- Opening account: Online and via mobile app
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range.
Birmingham Bank – 1 Year Fixed Rate Bond - Issue 6
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Birmingham Bank changed the issue numbers and increased the rates on its Fixed Rate Bonds. The one-year option takes the market-leading position and pays an attractive 4.67% and is available for investors with at least £5,000 to deposit. Careful planning is a must as earlier access is not permitted, although savers will be able to make further contributions for 14 days from the account opening via a nominated account, which may be more positive news. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.67% gross / 4.67% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £5,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Close Brothers Savings – 2 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rate on its 2 Year Fixed Rate Bond. Now paying 4.58%, it pays a joint market-leading rate for its sector and may appeal to savers looking for a guaranteed return. 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: 4.58% gross/ 4.58% AER paid yearly
- Notice / term: Two 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.
Cynergy Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Cynergy Bank has increased the rates on its range of Fixed Rate Cash and Loyalty Fixed Rate Cash ISAs. The 1 Year Fixed Rate Cash ISA now pays 4.55%, taking the market-leading position. Savers must invest a minimum initial investment of £500, however, it would be wise for investors to consider earlier access carefully as this is subject to account closure and 180-day loss of interest payment penalty. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.55% gross / 4.55% AER payable on anniversary
- Notice / term: One year
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 180-day loss of interest
- Further additions: Permitted and deposited into Variable Rate Cash ISA. Minimum addition £100.
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, subject to account closure and 180-day loss of interest
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 16. Cynergy Bank Authenticator App or Digipass required to use online banking. Investors can choose to split their Cash ISA savings across multiple ISAs within Cynergy Bank’s range.
United Trust Bank – Cash ISA 5 Year Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“United Trust Bank has reduced the rate on its UTB 1 Year Bond alongside increasing the rate on its range of Cash ISA Bonds this week. The five-year ISA now pays 4.30%, securing a prominent position in the market. Savers will need to deposit at least £5,000. Savers wanting to take advantage of their tax-free savings in the long-term may find this an enticing deal. Adding to its appeal, savers have the option to gain access to their funds early, however, this should be considered carefully as it will be subject to 365 days’ loss of interest penalty. Savers should also note that interest can be withdrawn annually on its anniversary. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.30% gross / 4.30% AER payable on anniversary
- Notice / term: Five years
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted. Subject to 365-day loss of interest. Interest can be withdrawn annually on anniversary
- Further additions: Permitted for 14 days from account opening via nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted. Subject to 365-day loss of interest
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within United Trust Bank’s range.
Cards
MBNA Limited – 0% Transfer and Purchase Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from MBNA Limited sees a reduction to the 0% introductory purchase term on its 0% Transfer and Purchase Credit Card to 21 months, as well as reducing the balance transfer fee to 2.95%. The term reduction means borrowers will have less time to pay off purchases interest-free, but the balance transfer fee is among the lowest for its sector, which may be a bonus. Borrowers should note that the introductory 0% term only applies to purchases made within the first 60 days. As always, it is sensible for borrowers to ensure that this deal is suitable for their circumstances. On assessment, the card earns an Excellent Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for 21 months
- Introductory rate for balance transfers: 0% for 23 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 2.95% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online and by phone
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18. Minimum income £14,000. Must hold a UK bank/building society account. Must hold permanent UK address for three years. Rates dependent on credit rating. Earn up to 15% cashback on purchases through Smart Rewards at popular retailers.
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 continues to hold the market-leading position when compared against its peers. It now pays an attractive 5.32%, however, it does include a 1.12% bonus for the first three months, so it is important savers review the rate when this expires. Savers looking for flexibility and instant access to their tax-free savings may find this an enticing option. Withdrawals are permitted; however, they should be considered carefully as a lower rate of 0.75% is paid if four or more withdrawals are made in a 12-month period. In more positive news further additions are permitted at any time into the account and investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.32% gross / 5.32% AER payable on anniversary (includes a 1.12% bonus for three months)
- Notice / term: None
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted. Lower rate of 0.75% gross/AER 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 and Innovative Finance ISAs
- Transfers out: Permitted
- Opening account: Online and via mobile app
- Managing account: Online and via mobile app
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Moneybox’s range.
Birmingham Bank – 1 Year Fixed Rate Bond - Issue 6
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Birmingham Bank changed the issue numbers and increased the rates on its Fixed Rate Bonds. The one-year option takes the market-leading position and pays an attractive 4.67% and is available for investors with at least £5,000 to deposit. Careful planning is a must as earlier access is not permitted, although savers will be able to make further contributions for 14 days from the account opening via a nominated account, which may be more positive news. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.67% gross / 4.67% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £5,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Close Brothers Savings – 2 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has increased the rate on its 2 Year Fixed Rate Bond. Now paying 4.58%, it pays a joint market-leading rate for its sector and may appeal to savers looking for a guaranteed return. 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: 4.58% gross/ 4.58% AER paid yearly
- Notice / term: Two 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.
Cynergy Bank – 1 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Cynergy Bank has increased the rates on its range of Fixed Rate Cash and Loyalty Fixed Rate Cash ISAs. The 1 Year Fixed Rate Cash ISA now pays 4.55%, taking the market-leading position. Savers must invest a minimum initial investment of £500, however, it would be wise for investors to consider earlier access carefully as this is subject to account closure and 180-day loss of interest payment penalty. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.55% gross / 4.55% AER payable on anniversary
- Notice / term: One year
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 180-day loss of interest
- Further additions: Permitted and deposited into Variable Rate Cash ISA. Minimum addition £100.
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, subject to account closure and 180-day loss of interest
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 16. Cynergy Bank Authenticator App or Digipass required to use online banking. Investors can choose to split their Cash ISA savings across multiple ISAs within Cynergy Bank’s range.
United Trust Bank – Cash ISA 5 Year Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“United Trust Bank has reduced the rate on its UTB 1 Year Bond alongside increasing the rate on its range of Cash ISA Bonds this week. The five-year ISA now pays 4.30%, securing a prominent position in the market. Savers will need to deposit at least £5,000. Savers wanting to take advantage of their tax-free savings in the long-term may find this an enticing deal. Adding to its appeal, savers have the option to gain access to their funds early, however, this should be considered carefully as it will be subject to 365 days’ loss of interest penalty. Savers should also note that interest can be withdrawn annually on its anniversary. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.30% gross / 4.30% AER payable on anniversary
- Notice / term: Five years
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted. Subject to 365-day loss of interest. Interest can be withdrawn annually on anniversary
- Further additions: Permitted for 14 days from account opening via nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted. Subject to 365-day loss of interest
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within United Trust Bank’s range.
Cards
MBNA Limited – 0% Transfer and Purchase Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from MBNA Limited sees a reduction to the 0% introductory purchase term on its 0% Transfer and Purchase Credit Card to 21 months, as well as reducing the balance transfer fee to 2.95%. The term reduction means borrowers will have less time to pay off purchases interest-free, but the balance transfer fee is among the lowest for its sector, which may be a bonus. Borrowers should note that the introductory 0% term only applies to purchases made within the first 60 days. As always, it is sensible for borrowers to ensure that this deal is suitable for their circumstances. On assessment, the card earns an Excellent Moneyfacts product rating.”
Key product details:
- Introductory rate for purchases: 0% for 21 months
- Introductory rate for balance transfers: 0% for 23 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 2.95% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online and by phone
- Card management: Online, by phone and via its mobile app
- Other information: Minimum age 18. Minimum income £14,000. Must hold a UK bank/building society account. Must hold permanent UK address for three years. Rates dependent on credit rating. Earn up to 15% cashback on purchases through Smart Rewards at popular retailers.
