Savings

Chase – Chase Saver With Boosted Rate Offer

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

“Chase has increased the rate on its Chase Saver With Boosted Rate this week. The account takes the market-leading position for its sector, paying an attractive 5.00% AER, however, this is inclusive of a significant 2.25% AER bonus for 12 months and is available to new customers only. This may be an ideal option for savers looking for a straightforward no notice saver as withdrawals and further additions are permitted at any time, which many consumers will consider a bonus. There is no minimum opening amount required, however, there is a £25,000 daily external transfer limit so consumers with larger pots may wish to consider carefully. Overall, the account earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.89% gross / 5.00% AER payable monthly, includes 2.25% AER bonus for 12 months
• Notice / term: None
• Minimum opening amount: £0
• Maximum investment amount: £3 million
• Access: Permitted, £25,000 daily external transfer limit
• Further additions: Permitted
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18. Maximum investment £3 million across all Chase Saver Accounts (can hold up to 10). Boosted rate can only be applied to one account and is available to new Chase customers only.

Teachers Building Society – Double Access Cash ISA for Everyone

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

“Teachers Building Society has increased selected rates on its Double Access Cash ISA for Everyone this week. The account now pays a competitive 4.50% AER yearly. Savers can deposit as little as £100, but they should also note that if their balance falls below £100 or they exceed two withdrawals during the year the rate will drop significantly to 1.25% AER, so it is crucial that consumers are comfortable with not having complete flexibility and are able to foresee when they plan to access their cash. Overall, this deal earns an Excellent Moneyfacts product rating.”

 Key product details:

• Rate: 4.50% gross / 4.50% AER paid from £100, 1.25% gross / 1.25% AER paid if balance falls below £100, payable yearly
• Notice / term: None
• Minimum opening amount: £100
• Maximum investment amount: ISA allowance
• Access: Permitted, 1.25% gross / 1.25% AER paid if three or more withdrawals are made per year via nominated account.
• Further additions: Permitted
• Transfers in: Permitted, accepts Cash ISAs and Stocks and Shares ISAs
• Transfers out: Permitted, 1.25% gross / 1.25% AER paid if three or more withdrawals are made per year via nominated account.
• Opening account: Online
• Managing account: Online and via its mobile app
• Other information: Minimum applicant age 18.

Chetwood Bank – Fixed Rate Savings Account

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

“This week, Chetwood Bank has increased the rate on a selection of its Fixed Rate Savings Accounts. The one-year option now pays 4.45% AER and takes a joint-market leading position when compared against other fixed bonds with the same term. Savers will need to invest at least £1,000, but there are no maximum limits and further additions are permitted for 14 days from the account opening, which savers may view as a positive. As is the case with many fixed bonds, withdrawals are not permitted, so consumers should be prepared to lock away their cash for the full term. On assessment, this 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: No maximum
• Access: Not permitted
• Further additions: Permitted for 14 days from account opening
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

UBL UK – 3 Year Fixed Rate Cash ISA

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

“UBL UK has increased the rate on a selection of its Fixed Rate Cash ISAs this week. One of the deals to fare best is the three-year option which pays 4.20% AER on anniversary and takes a joint market-leading position within its sector. Interest can also be paid monthly, quarterly and on maturity. Savers looking to make the most of their tax-free earnings may find this an enticing deal. They will need to invest at least £2,000 and, while earlier access is permitted, this is subject to account closure and 270 days’ loss of interest penalty. Overall, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.12% gross / 4.20% AER payable monthly, 4.20% gross / 4.20% AER on anniversary, 4.38% gross / 4.20% AER on maturity, 4.14% gross / 4.20% AER quarterly
• Notice / term: Three years
• Minimum opening amount: £2,000
• Maximum investment amount: ISA allowance
• Access: Permitted on account closure only, subject to 270 days’ loss of interest
• Further additions: Not permitted
• Transfers in: Permitted. Accepts Cash ISAs
• Transfers out: Permitted, subject to 270-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

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

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

“This week, Barclays Mortgage has increased selected five-year rates by up to 0.24% and introduced a handful of new rates. One of the new options is a three-year deal which is fixed at 4.54% until 30 September 2028 for house purchase customers. Borrowers looking to save on the upfront cost of their mortgage may find this an appealing option as there is a £899 product fee attached which is offset by a free valuation incentive. Overall, the combination of low rate, fee and incentive package earns this deal an Outstanding Moneyfacts product rating.”

 Key product details:

• Rate: 4.54% fixed rate to 30.9.28
• Product fee: £899
• Maximum loan-to-value: 90%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

Buy-to-Let

NatWest – Two-year fixed rate mortgage, 60% loan-to-value

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

“Alongside extending end dates by one month, NatWest has also reduced selected fixed rate mortgages by up to 0.17%. One deal to see this cut is the two-year option at 60% loan-to-value, which is now priced at 4.17% until 30 September 2027. Landlords looking to save on the upfront cost of their deal may also find this an enticing option as it charges a reasonable £995 fee which is then offset by a free valuation incentive. On assessment, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.17% fixed rate to 30.9.27
• Product fee: £995
• Maximum loan-to-value: 60%
• Available to: House purchase customers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland. Online exclusive deal.

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

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

“TSB has reduced a selection of its buy-to-let fixed rate mortgages for landlords by up to 0.25% this week. One deal to see a slightly smaller 0.05% cut is the five-year option at 75% loan-to-value, which is now priced at 4.34% until 31 October 2030. The deal continues to carry a slightly larger £1,995 product fee but this is partially offset by its free valuation incentive. Overall, the rate reduction strengthens its position in the market and earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.34% fixed rate to 31.10.30
• Product fee: £1,995
• Maximum loan-to-value: 75%
• Available to: Second-time buyers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain.

Cards

TSB – Platinum Purchase Card Mastercard

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

“The latest update from TSB sees it increase the introductory purchase term on its Platinum Purchase Card to 25 months, which sees it offer the longest interest-free purchase term on the market. This may be ideal for borrowers looking to make larger purchases. Further adding to its appeal, the deal also offers 0% on balance transfers for 18 months. However, the balance transfer fee remains at 3.49% for the first three months and it is worth noting borrowers can find lower rates elsewhere. As a result, the card earns an Outstanding Moneyfacts product rating.”

Key product details:

• Introductory rate for purchases: 0% for 25 months
• Introductory rate for balance transfers: 0% for 18 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 and in branch
• Card management: Online, by phone, in branch and via its mobile app
• Other information: Minimum age 18.

NatWest – Longer Balance Transfer Credit Card Mastercard

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

“The latest update from NatWest sees it increase the 0% introductory balance transfer term on its Longer Balance Transfer Card to 34 months, which sees it offer the longest interest-free balance transfer terms on the market and gives borrowers longer to pay off their debt. Further adding to its appeal, the deal also offers 0% on purchases for three months. However, the balance transfer fee remains at 3.49% for the first three months and it is worth noting borrowers can find lower rates elsewhere. As a result, the card earns an Outstanding Moneyfacts product rating.”

 Key product details:

• Introductory rate for purchases: 0% for three months
• Introductory rate for balance transfers: 0% for 34 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, falling to 0% (no min) thereafter
• Card fee: None
• Opening method: Online
• Card management: Online, by phone, in branch, by post and via its mobile app
• Other information: Minimum age 18.