Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Plum has reduced the rate on the £100 tier of its Plum Cash ISA this week. The account now pays 4.85% AER, despite this the deal maintains a prominent position in the market when compared against its peers. It is important to note this rate includes a 1.56% AER bonus rate for 12 months, so savers should review their deal once this expires. This may be an enticing option for savers looking to boost their income as interest is paid monthly. The account can be opened with as little as £1 but consumers should keep in mind that they will receive lower returns at this investment level. Savers should be comfortable with not having unlimited penalty-free access to their cash as four or more withdrawals will result in the rate dropping significantly to 3.29% AER. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.25% gross / 3.29% AER paid from £1, 4.79% gross / 4.85% AER paid from £100, payable monthly (including a 1.54% gross / 1.56% AER bonus for 12 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, 3.25% gross / 3.29% 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.
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 a selection of its Fixed Term Savings Accounts this week. The five-year option now pays 4.45%, which takes the market-leading position. Savers can make initial deposits as small 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. In more positive news, consumers can make 11 additional payments after initial funding for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.45% gross / 4. 45% 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.
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 one of the highest rates available on the market. Paying 4.45% 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: 4.45% gross / 4.45% 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 its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18.
United Trust Bank – Cash ISA 2 Year Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“United Trust Bank has increased the rate on its Cash ISA 2 Year Bond this week. Now paying 4.18% AER, the deal maintains a competitive position in its sector and may well entice savers looking to take advantage of their ISA allowance. Savers can invest from £5,000 and make transfers in from cash ISAs. Although earlier access to cash is permitted, it should be considered carefully as this is subject to a 270-day loss of interest penalty. The deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.18% gross / 4.18% AER payable on anniversary
- Notice / term: Two years
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted. Subject to 270-day loss of interest via a nominated account. Interest can be withdrawn annually on anniversary
- Further additions: Permitted for 14 days from account opening via a nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted. Subject to 270-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.
Mortgages
first direct – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“first direct has refreshed its mortgage range with increases across most of its fixed rate products, including its two-year deal at 60% loan-to-value. Despite the 0.10% rise, this deal continues to be a competitive option for customers looking to purchase their home. The offer carries a smaller than average £490 product fee and, to further add to its appeal, there is also a free valuation incentive. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.99% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Furness Building Society – Two-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Furness Building Society sees it launch a selection of new options within the two-year fixed rate market. The option at 90% loan-to-value is priced competitively at 4.45% for two years. Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it charges a reasonable £999 product fee and has a lucrative incentive package which includes a free valuation and £250 cashback. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.45% fixed rate for two years
- Product fee: £999
- Maximum loan-to-value: 90%
- Available to: All borrowers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
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 rate on the £7,500 to £25,000 tier of its Personal Loan. Despite the increase to 6.5% APR, borrowers looking to take out a loan between these amounts can continue to do so at a competitive rate. To add to its appeal, the loan allows overpayments to be made without incurring an early repayment charge. Although other deals are available with lower APRs, they are subject to early repayment charges. 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.
Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Plum has reduced the rate on the £100 tier of its Plum Cash ISA this week. The account now pays 4.85% AER, despite this the deal maintains a prominent position in the market when compared against its peers. It is important to note this rate includes a 1.56% AER bonus rate for 12 months, so savers should review their deal once this expires. This may be an enticing option for savers looking to boost their income as interest is paid monthly. The account can be opened with as little as £1 but consumers should keep in mind that they will receive lower returns at this investment level. Savers should be comfortable with not having unlimited penalty-free access to their cash as four or more withdrawals will result in the rate dropping significantly to 3.29% AER. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.25% gross / 3.29% AER paid from £1, 4.79% gross / 4.85% AER paid from £100, payable monthly (including a 1.54% gross / 1.56% AER bonus for 12 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, 3.25% gross / 3.29% 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.
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 a selection of its Fixed Term Savings Accounts this week. The five-year option now pays 4.45%, which takes the market-leading position. Savers can make initial deposits as small 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. In more positive news, consumers can make 11 additional payments after initial funding for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.45% gross / 4. 45% 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.
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 one of the highest rates available on the market. Paying 4.45% 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: 4.45% gross / 4.45% 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 its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18.
United Trust Bank – Cash ISA 2 Year Bond
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“United Trust Bank has increased the rate on its Cash ISA 2 Year Bond this week. Now paying 4.18% AER, the deal maintains a competitive position in its sector and may well entice savers looking to take advantage of their ISA allowance. Savers can invest from £5,000 and make transfers in from cash ISAs. Although earlier access to cash is permitted, it should be considered carefully as this is subject to a 270-day loss of interest penalty. The deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.18% gross / 4.18% AER payable on anniversary
- Notice / term: Two years
- Minimum opening amount: £5,000
- Maximum investment amount: ISA allowance
- Access: Permitted. Subject to 270-day loss of interest via a nominated account. Interest can be withdrawn annually on anniversary
- Further additions: Permitted for 14 days from account opening via a nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted. Subject to 270-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.
Mortgages
first direct – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“first direct has refreshed its mortgage range with increases across most of its fixed rate products, including its two-year deal at 60% loan-to-value. Despite the 0.10% rise, this deal continues to be a competitive option for customers looking to purchase their home. The offer carries a smaller than average £490 product fee and, to further add to its appeal, there is also a free valuation incentive. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.99% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Furness Building Society – Two-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Furness Building Society sees it launch a selection of new options within the two-year fixed rate market. The option at 90% loan-to-value is priced competitively at 4.45% for two years. Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it charges a reasonable £999 product fee and has a lucrative incentive package which includes a free valuation and £250 cashback. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.45% fixed rate for two years
- Product fee: £999
- Maximum loan-to-value: 90%
- Available to: All borrowers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
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 rate on the £7,500 to £25,000 tier of its Personal Loan. Despite the increase to 6.5% APR, borrowers looking to take out a loan between these amounts can continue to do so at a competitive rate. To add to its appeal, the loan allows overpayments to be made without incurring an early repayment charge. Although other deals are available with lower APRs, they are subject to early repayment charges. 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.
