Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Plum has again increased the rate paid on the £100 tier of its Plum Cash ISA this week. It continues to pay the market-leading rate of 5.92% AER. Savers who can afford to not have complete flexibility on withdrawals may find this an exciting offer, additionally it may help those looking for a small income boost each month as interest is paid monthly. However, it may be important to note that this rate includes a significant 2.36% gross bonus for three months, so it is crucial savers review their rate after this period. The account can be opened with as little as £1 but savers will not receive the market-leading rate at this investment level. It is also important to note, the rate will drop significantly to 2.50% AER 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, 5.84% gross / 5.92% AER paid from £100, payable monthly (including a 2.36% gross / 38% AER bonus for three months on the £100 tier only, payable on 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. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
Charter Savings Bank – 95 Day Notice – Issue 73
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Charter Savings Bank has launched a new 95-day Notice account, paying 4.70% AER on its anniversary. The account takes a competitive position in the market when compared against its peers and may appeal to savers who don’t mind giving prior notice to access their pots. For consumers looking for an income boost, they may be glad to see that there is also a monthly interest option available. Savers who can afford to not have complete flexibility on withdrawals may find this an exciting offer. Adding to its appeal, savers can also make further additions at any time via a nominated account. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.70% gross / 4.70% AER payable on anniversary, monthly option available paying 4.60% gross / 4.70% AER.
- Notice / term: 95 days
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Permitted, subject to 95 days’ notice via nominated account
- Further additions: Permitted, via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
LHV Bank – 1 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week LHV Bank has increased the rate on its 1 Year Fixed Rate Bond. This bond pays a joint market-leading rate. Paying 4.65% on £1,000 starting investments, this may be an ideal choice for savers looking to receive a guaranteed return. However, much like many fixed rate accounts, earlier access and further additions are not permitted. Overall, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.65% gross / 4.65% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Via mobile app
- Managing account: Via mobile app
- Other information: Minimum applicant age 18.
Harpenden Building Society – Online Single Access (Issue 1)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Harpenden Building Society has increased the rate on its Online Single Access account. The deal pays a competitive 4.50% and can be opened with as little as £100. However, it is crucial that savers note that they can only make one withdrawal per year and any subsequent withdrawals will see the rate drop to 1.60%. On a more positive note, further additions are permitted for the duration the account is open. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable yearly
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: £250,000
- Access: Permitted, via nominated account. 1.60% AER paid if two or more withdrawals are made per year
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Close Brothers Savings – 2 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has launched a new range of Fixed Rate Cash ISAs. The two-year option fares best as it takes the market-leading position for its sector, paying 4.35%. Savers looking to make the most out of their tax-free savings and receive a guaranteed return may find this an enticing deal. They will need to invest £10,000 upfront and further additions are permitted for 10 days from the account opening. Investors will have to consider any withdrawals carefully as, although earlier access is permitted, this will be subject to account closure and a 150-day loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.35% gross / 4.35% AER payable yearly
- Notice / term: Two years
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted, on account closure and subject to a 150-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 150-day loss of interest penalty and closure of the account
- 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 Close Brothers Savings’ range.
Mortgages
Skipton Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Skipton Building Society has launched a range of ‘Limited Edition’ fixed rates for house purchase and first-time buyers. The five-year deal at 95% loan-to-value fares best, it charges 4.95% until 31 August 2030 and may appeal to those looking for a competitive rate on a limited deposit. Adding to its appeal, this deal also does not charge any product fees and comes with a free valuation incentive. There is also the option to make overpayments and take payment holidays, subject to conditions. On assessment, considering all the features, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.95% fixed rate to 31.8.30
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Buy-to-Let
Coventry Building Society – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Coventry Building Society has reduced selected fixed rates for landlords by up to 0.20%. The five-year option, at 65% loan-to-value for second-time buyers, has seen a smaller 0.10% cut and is now priced at 4.23% until 31 October 2030. Landlords will note that the deal carries a larger arrangement fee of £1,999 but it is partially offset by a free valuation incentive. Landlords can make overpayments, which could add to its appeal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.23% fixed rate to 31.10.30
- Product fee: £1,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Plum has again increased the rate paid on the £100 tier of its Plum Cash ISA this week. It continues to pay the market-leading rate of 5.92% AER. Savers who can afford to not have complete flexibility on withdrawals may find this an exciting offer, additionally it may help those looking for a small income boost each month as interest is paid monthly. However, it may be important to note that this rate includes a significant 2.36% gross bonus for three months, so it is crucial savers review their rate after this period. The account can be opened with as little as £1 but savers will not receive the market-leading rate at this investment level. It is also important to note, the rate will drop significantly to 2.50% AER 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, 5.84% gross / 5.92% AER paid from £100, payable monthly (including a 2.36% gross / 38% AER bonus for three months on the £100 tier only, payable on 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. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
Charter Savings Bank – 95 Day Notice – Issue 73
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Charter Savings Bank has launched a new 95-day Notice account, paying 4.70% AER on its anniversary. The account takes a competitive position in the market when compared against its peers and may appeal to savers who don’t mind giving prior notice to access their pots. For consumers looking for an income boost, they may be glad to see that there is also a monthly interest option available. Savers who can afford to not have complete flexibility on withdrawals may find this an exciting offer. Adding to its appeal, savers can also make further additions at any time via a nominated account. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.70% gross / 4.70% AER payable on anniversary, monthly option available paying 4.60% gross / 4.70% AER.
- Notice / term: 95 days
- Minimum opening amount: £5,000
- Maximum investment amount: £1 million
- Access: Permitted, subject to 95 days’ notice via nominated account
- Further additions: Permitted, via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
LHV Bank – 1 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week LHV Bank has increased the rate on its 1 Year Fixed Rate Bond. This bond pays a joint market-leading rate. Paying 4.65% on £1,000 starting investments, this may be an ideal choice for savers looking to receive a guaranteed return. However, much like many fixed rate accounts, earlier access and further additions are not permitted. Overall, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.65% gross / 4.65% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Via mobile app
- Managing account: Via mobile app
- Other information: Minimum applicant age 18.
Harpenden Building Society – Online Single Access (Issue 1)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Harpenden Building Society has increased the rate on its Online Single Access account. The deal pays a competitive 4.50% and can be opened with as little as £100. However, it is crucial that savers note that they can only make one withdrawal per year and any subsequent withdrawals will see the rate drop to 1.60%. On a more positive note, further additions are permitted for the duration the account is open. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable yearly
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: £250,000
- Access: Permitted, via nominated account. 1.60% AER paid if two or more withdrawals are made per year
- Further additions: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Close Brothers Savings – 2 Year Fixed Rate Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Close Brothers Savings has launched a new range of Fixed Rate Cash ISAs. The two-year option fares best as it takes the market-leading position for its sector, paying 4.35%. Savers looking to make the most out of their tax-free savings and receive a guaranteed return may find this an enticing deal. They will need to invest £10,000 upfront and further additions are permitted for 10 days from the account opening. Investors will have to consider any withdrawals carefully as, although earlier access is permitted, this will be subject to account closure and a 150-day loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.35% gross / 4.35% AER payable yearly
- Notice / term: Two years
- Minimum opening amount: £10,000
- Maximum investment amount: ISA allowance
- Access: Permitted, on account closure and subject to a 150-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 150-day loss of interest penalty and closure of the account
- 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 Close Brothers Savings’ range.
Mortgages
Skipton Building Society – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week, Skipton Building Society has launched a range of ‘Limited Edition’ fixed rates for house purchase and first-time buyers. The five-year deal at 95% loan-to-value fares best, it charges 4.95% until 31 August 2030 and may appeal to those looking for a competitive rate on a limited deposit. Adding to its appeal, this deal also does not charge any product fees and comes with a free valuation incentive. There is also the option to make overpayments and take payment holidays, subject to conditions. On assessment, considering all the features, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.95% fixed rate to 31.8.30
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Buy-to-Let
Coventry Building Society – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Coventry Building Society has reduced selected fixed rates for landlords by up to 0.20%. The five-year option, at 65% loan-to-value for second-time buyers, has seen a smaller 0.10% cut and is now priced at 4.23% until 31 October 2030. Landlords will note that the deal carries a larger arrangement fee of £1,999 but it is partially offset by a free valuation incentive. Landlords can make overpayments, which could add to its appeal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.23% fixed rate to 31.10.30
- Product fee: £1,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain.
