Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The most recent update from Plum has seen it increase the rate on the £100 tier of its Plum Cash ISA. The jump to 4.86% AER sees it improve its position in the top charts and steal the market-leading position. However, savers would be sensible to note this is inclusive of a 1.57% AER bonus which lasts for 12 months, so they should consider reviewing their deal after this period. Although as little as £1 can be invested, these savers will receive a lower interest deal. It is also important to note that savers only have a handful of penalty-free withdrawals and, once they reach four or more, the rate will drop 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, 4.80% gross / 4.86% AER paid from £100, payable monthly (including a 1.55% gross / 1.57% 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 transfer of 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 transfer of an existing ISA. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
Vanquis Bank – Vanquis Bank Savings
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has increased the rate on the one-year option of its Vanquis Bank Savings account. Now paying 4.50% AER on the account’s anniversary, the deal takes a prominent position in the market when compared against its peers. There is also a monthly interest option available which may appeal to those looking for a small income boost. Savers will need to invest a minimum of £1,000 and this may attract those looking for a guaranteed return but, like many fixed bonds, withdrawals are not permitted. Working in the account’s favour, investors can make further additions for 30 days from account opening and within five working days of the initial deposit being made via a nominated account. On assessment, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable on anniversary / monthly interest option of 4.41% gross / 4.50% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 30 days from account opening and within five working days of initial deposit via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Santander has amended selected fixed rate offerings with a mixture of increases and reductions. One deal to see a 0.06% cut is the two-year option at 60% loan-to-value which is now priced at 3.73% until 2 November 2027. It is one of the lowest rates available in the market. The deal continues to carry a standard £999 product fee; but this is offset by its free valuation incentive. The combination of these features earns this product a spot in the Moneyfacts Best Buys and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.73% fixed rate to 2.11.27
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Nationwide Building Society – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Nationwide Building Society has reduced selected fixed rates this week by up to 0.21%. One deal to benefit from a rate cut is the five-year offer at 90% loan-to-value, which has seen a slightly smaller 0.14% reduction to 4.20%. Second-time buyers will note that the larger than usual product fee remains at £1,499 but this is partially offset by its free valuation incentive and those with qualifying ‘green’ homes could even earn some cashback. Overall, this product becomes a Moneyfacts Best Buy and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.20% fixed rate for five years
- Product fee: £1,499
- Maximum loan-to-value: 90%
- Available to: Second-time buyers
- Incentives: Free valuation. £250 Green Reward for properties with an EPC score of 86 to 91, or £500 Green Reward for properties with an EPC score of 92+.
- Flexible features: Allows overpayments. Underpayments considered subject to approval and overpayments having been made
- Lending area: Great Britain and Northern Ireland (excluding Scilly Isles).
Buy-to-Let
NatWest – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Alongside extending end dates, NatWest has reduced rates across most of its buy-to-let range. The five-year fixed deal at 75% loan-to-value for house purchase customers has seen a 0.09% cut and is now priced at 4.30% until 30 November 2030. Landlords will note that the fee remains at a reasonable £995 which is offset by its free valuation incentive. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.30% fixed rate to 30.11.30
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
Banking
Lloyds Bank – Club Lloyds
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Lloyds Bank has removed the switching incentive from a selection of its current accounts, including the Club Lloyds account. Despite this, the account remains an attractive option for consumers as it offers up to 3% credit interest, but it should be noted that no interest is paid on balances exceeding £5,000. However, this account does charge a £5 monthly fee for consumers crediting less than £2,000 per month but this is quickly offset by its range of lifestyle benefits and lucrative cashback offers. Further adding to its appeal, consumers will get a £100 interest-free buffer on their overdraft and it is also interest-free for the first three months on switched accounts. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 1.49% gross / 1.50% AER per annum on balances up to £4,000, 2.96% gross / 3.00% AER on balances between £4,000 - £5,000. No interest paid on balances over £5,000.
- Cashback on debit card purchases: Everyday offers – Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card. Customers must be registered for online banking and hold a Lloyds Bank current account to be eligible
- Account fee: £5. Account fee waived if account credited with at least £2,000 per month
- Arranged overdraft: 29.90% EAR, plus £100 interest-free buffer. Interest-free for three months on switched current accounts
- Opening account: Online, by phone, in branch or mobile app
- Managing account: Online, by phone, in branch, mobile app, by post, at the Post Office and text alerts
- Other information: Minimum applicant age 18. Eligible for linked Savings Pots. Customers can choose one lifestyle benefit each year from a 12-month Disney+ subscription, cinema tickets, magazine subscription, Gourmet Society membership or digital movie rentals.
Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The most recent update from Plum has seen it increase the rate on the £100 tier of its Plum Cash ISA. The jump to 4.86% AER sees it improve its position in the top charts and steal the market-leading position. However, savers would be sensible to note this is inclusive of a 1.57% AER bonus which lasts for 12 months, so they should consider reviewing their deal after this period. Although as little as £1 can be invested, these savers will receive a lower interest deal. It is also important to note that savers only have a handful of penalty-free withdrawals and, once they reach four or more, the rate will drop 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, 4.80% gross / 4.86% AER paid from £100, payable monthly (including a 1.55% gross / 1.57% 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 transfer of 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 transfer of an existing ISA. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
Vanquis Bank – Vanquis Bank Savings
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has increased the rate on the one-year option of its Vanquis Bank Savings account. Now paying 4.50% AER on the account’s anniversary, the deal takes a prominent position in the market when compared against its peers. There is also a monthly interest option available which may appeal to those looking for a small income boost. Savers will need to invest a minimum of £1,000 and this may attract those looking for a guaranteed return but, like many fixed bonds, withdrawals are not permitted. Working in the account’s favour, investors can make further additions for 30 days from account opening and within five working days of the initial deposit being made via a nominated account. On assessment, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.50% gross / 4.50% AER payable on anniversary / monthly interest option of 4.41% gross / 4.50% AER also available
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Permitted, for 30 days from account opening and within five working days of initial deposit via nominated account
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
Santander – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Santander has amended selected fixed rate offerings with a mixture of increases and reductions. One deal to see a 0.06% cut is the two-year option at 60% loan-to-value which is now priced at 3.73% until 2 November 2027. It is one of the lowest rates available in the market. The deal continues to carry a standard £999 product fee; but this is offset by its free valuation incentive. The combination of these features earns this product a spot in the Moneyfacts Best Buys and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.73% fixed rate to 2.11.27
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Nationwide Building Society – Five-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Nationwide Building Society has reduced selected fixed rates this week by up to 0.21%. One deal to benefit from a rate cut is the five-year offer at 90% loan-to-value, which has seen a slightly smaller 0.14% reduction to 4.20%. Second-time buyers will note that the larger than usual product fee remains at £1,499 but this is partially offset by its free valuation incentive and those with qualifying ‘green’ homes could even earn some cashback. Overall, this product becomes a Moneyfacts Best Buy and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.20% fixed rate for five years
- Product fee: £1,499
- Maximum loan-to-value: 90%
- Available to: Second-time buyers
- Incentives: Free valuation. £250 Green Reward for properties with an EPC score of 86 to 91, or £500 Green Reward for properties with an EPC score of 92+.
- Flexible features: Allows overpayments. Underpayments considered subject to approval and overpayments having been made
- Lending area: Great Britain and Northern Ireland (excluding Scilly Isles).
Buy-to-Let
NatWest – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Alongside extending end dates, NatWest has reduced rates across most of its buy-to-let range. The five-year fixed deal at 75% loan-to-value for house purchase customers has seen a 0.09% cut and is now priced at 4.30% until 30 November 2030. Landlords will note that the fee remains at a reasonable £995 which is offset by its free valuation incentive. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.30% fixed rate to 30.11.30
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
Banking
Lloyds Bank – Club Lloyds
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“This week Lloyds Bank has removed the switching incentive from a selection of its current accounts, including the Club Lloyds account. Despite this, the account remains an attractive option for consumers as it offers up to 3% credit interest, but it should be noted that no interest is paid on balances exceeding £5,000. However, this account does charge a £5 monthly fee for consumers crediting less than £2,000 per month but this is quickly offset by its range of lifestyle benefits and lucrative cashback offers. Further adding to its appeal, consumers will get a £100 interest-free buffer on their overdraft and it is also interest-free for the first three months on switched accounts. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: 1.49% gross / 1.50% AER per annum on balances up to £4,000, 2.96% gross / 3.00% AER on balances between £4,000 - £5,000. No interest paid on balances over £5,000.
- Cashback on debit card purchases: Everyday offers – Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit or debit card. Customers must be registered for online banking and hold a Lloyds Bank current account to be eligible
- Account fee: £5. Account fee waived if account credited with at least £2,000 per month
- Arranged overdraft: 29.90% EAR, plus £100 interest-free buffer. Interest-free for three months on switched current accounts
- Opening account: Online, by phone, in branch or mobile app
- Managing account: Online, by phone, in branch, mobile app, by post, at the Post Office and text alerts
- Other information: Minimum applicant age 18. Eligible for linked Savings Pots. Customers can choose one lifestyle benefit each year from a 12-month Disney+ subscription, cinema tickets, magazine subscription, Gourmet Society membership or digital movie rentals.
