Savings

LHV Bank – 1 Year Fixed Rate Bond

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

“LHV Bank has increased the rate on its 1 Year Fixed Rate Bond this week. Now paying 4.50% AER on its maturity, the rise improves its position within the top tables and pays a market-leading rate when compared to its peers. The deal may appeal to savers searching for a guaranteed return, but it is important for savers to note that earlier access and further additions are not permitted. On assessment, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.50% gross / 4.50% 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.

Castle Trust Bank – 1 Year Fixed Rate e-Cash ISA

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

“This week, Castle Trust Bank has increased the rate on its 1 Year Fixed Rate e-Cash ISA. The account now pays 4.27% AER, which improves its position in the top tables, and could appeal to savers looking to make the most of their tax-free pots. As is the case with many fixed ISA accounts, earlier access is subject to a loss of interest penalty and account closure so withdrawals should be considered carefully. In more positive news, further additions are permitted for 14 days from the account opening but it is crucial that savers fund their account with a minimum of £1,000 within this period, otherwise no interest payment will be made, and their money will be refunded. On assessment, the account secures an Excellent Moneyfacts product rating.”

 Key product details:

• Rate: 4.27% gross / 4.27% AER payable on maturity
• Notice / term: One year
• Minimum opening amount: £1,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 90-day loss of interest penalty and closure of account
• Further additions: Permitted for 14 days from account opening
• Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
• Transfers out: Permitted, subject to 90-day loss of interest penalty and closure of the account
• Opening account: Online and by phone
• Managing account: Online and via its mobile app
• Other information: Minimum applicant age 18. New customers can only open an account via the website, after which they gain access to the mobile app and can open subsequent accounts using the Self Service Portal or mobile app. Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14-day funding window. If minimum investment is not made within 14 days of account opening, no interest is paid and the balance will be refunded. Investors can choose to split their Cash ISA savings across multiple ISAs within Castle Trust Bank’s range.

Hodge Bank – 5 Year Fixed Rate Cash ISA

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

“This week, Hodge Bank has increased the rate on its 5 Year Fixed Rate Cash ISA, which sees it take the market-leading position. The account pays 4.21% AER on its anniversary but those looking to boost their income may also be pleased to see that there is a monthly interest option available. This may be an attractive option for savers willing to stash away their cash in the long-term in return for guaranteed pay out. Savers should note that earlier access is subject to a substantial 365 days’ loss of interest, however, further additions can also be made for 14 days from the account opening via a nominated account. On assessment, the deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.21% gross / 4.21% AER payable on anniversary / monthly interest option of 4.13% gross / 4.21% AER also available
• Notice / term: Five years
• Minimum opening amount: £1,000
• Maximum investment amount: ISA allowance
• Access: Permitted, subject to 365-day loss of interest penalty
• Further additions: Permitted, for 14 days from account opening via nominated account
• Transfers in: Not permitted
• Transfers out: Permitted, subject to 365-day loss of interest penalty
• Opening account: Online
• Managing account: Online
• Other information: Minimum applicant age 18.

Mortgages

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 several rate reductions of up to 0.22% this week. The two-year option at 85% loan-to-value for second-time buyers has seen a slightly smaller 0.05% cut and is now priced at 4.19% until 2 October 2027. The deal continues to carry a standard £999 product fee; however, it also comes with a generous incentive package which includes a free valuation and £250 cashback. The combination of these features earns this product an Outstanding Moneyfacts product rating.”

 Key product details:

• Rate: 4.19% fixed rate to 2.10.27
• Product fee: £999
• 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.

Monmouthshire 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 Monmouthshire Building Society included the repricing of its two-year remortgage fixed rate deal for borrowers with 10% equity. The deal has seen a 0.15% cut and is now priced at 4.45%. There is a reasonable £999 product fee attached which is offset by its lucrative incentive package which includes a free valuation and free legal fees. This may appeal to borrowers looking to keep remortgaging costs to a minimum. On assessment, this deal earns 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: Remortgage customers
• Incentives: Free valuation and free legal fees
• Flexible features: Allows overpayments
• Lending area: England and Wales. Excludes Scilly Isles, Isle of Man and Channel Islands

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 add a new 95% loan-to-value fixed rate to its range. The deal is priced at 4.85% until 30 September 2030 and is available to all borrowers. Borrowers with a limited deposit or those looking to save on upfront costs may find this an enticing offering as there are no product fees and all borrowers can benefit from a free valuation while remortgage customers can also benefit from free legal fees. When considering the low rate and added benefits this deal earns an Outstanding Moneyfacts product rating.”

 Key product details:

• Rate: 4.85% fixed rate to 30.09.30
• Product fee: None
• Maximum loan-to-value: 95%
• Available to: All borrower types
• Incentives: Free valuation for all borrowers and free legal fees for remortgage customers
• Flexible features: Allows overpayments
• Lending area: England and Wales.