Savings
Vanquis Bank – Triple Access Cash ISA (Issue 3)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has changed the issue number and increased the rate on its Triple Access Cash ISA. The account now pays 4.25% AER on its anniversary, but there is also a monthly interest option for those who may want to boost their income. Savers will need to deposit at least £1,000 but they have no restrictions on further additions, which may be a bonus for some. However, it should be noted that the rate drops significantly if savers make four or more withdrawals. On assessment, this account takes a competitive position as a ‘Best Buy’ and receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.25% gross / 4.25% AER payable on anniversary / monthly interest option of 4.17% gross / 4.25% AER also available
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Permitted, lower rate of 2.25% gross/AER on anniversary or 2.23% gross / 2.25% AER monthly paid if more than three withdrawals are made per year via a nominated account.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Flexible ISA rules apply.
Mortgages
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Alongside reducing selected fixed rate mortgages, this week HSBC has also increased its cashback incentives for first-time buyers. One offering to see the cashback increase is the five-year deal that charges 4.77% until 28 February 2031. First-time buyers can now receive £1,500, which will be useful to cover any extra fees, meanwhile, homemovers can still benefit from receiving £350. Further adding to its appeal, there is no product fee, and it also has a free valuation incentive. On assessment this offering earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.77% fixed rate to 28.2.31
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £1,500 cashback for first-time buyers or £350 cashback for second-time buyers
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Furness Building Society – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Furness Building Society includes a reduction to its five-year fixed rate mortgage at 80% loan-to-value. The deal is now priced at 4.84% and sits among the best in its sector. It continues to carry a reasonable £995 product fee and borrowers can benefit from £250 cashback, those remortgaging will also receive a free valuation. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.84% fixed rate for five years
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: £250 cashback for all customers and free valuation for remortgage customers
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Banking
The Co-operative Bank – Everyday Extra Current Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The Co-operative Bank has relaunched its switching incentive this week on the Current Account and Everyday Extra Current Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £100, but they could earn an extra £75 across three months subject to meeting certain criteria. It should be noted that neither account pays credit interest nor pays cashback on purchases, however, both have a competitive overdraft rate and customers who choose the Everyday Extra Account can get three months’ free access to travel insurance, breakdown cover and mobile phone insurance, but the monthly fee does rise to £18 per month thereafter. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £18
- Arranged overdraft: 35.90% EAR
- Opening account: Online or in branch
- Managing account: Online, in branch, by phone, via mobile app, by post, at the Post Office and text alerts.
- Other information: Minimum applicant age 18. £100 cashback for accounts switched using the Current Account Switch Service. Must deposit £1K or more, have two or more active direct debits, make at least 10 debit card payments, register for online banking or mobile app and register debit card in a digital wallet within 30 days. Receive £25 per month for up to three months after receiving the £100 switch offer. Must deposit £1K or more, make at least 10 debit card transactions and have two or more direct debits each month. T&Cs apply.
Cards
Virgin Money – 34 Month Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Virgin Money sees some amendments to the 0% introductory balance transfer terms on its 12 Month No Fee Balance Transfer and 31 Month Balance Transfer options, as well as reducing the introductory balance transfer fee on its 34 Month Balance Transfer Credit Card. This fee reduction to just 2.95% makes it one of the most competitive offers currently available on the market. To further add to its appeal, borrowers can also get 0% on purchases for three months. The card is an attractive option for borrowers looking to transfer existing debt interest-free. Customers can enjoy exclusive offers and rewards on the Virgin Red app, which enhances its overall appeal. Overall, 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: 2.95% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online and in branch
- Card management: By phone, post and via its mobile app
- Other information: Minimum age 18. Enjoy exclusive offers and rewards on the Virgin Red app. Rates dependent on credit rating.
Savings
Vanquis Bank – Triple Access Cash ISA (Issue 3)
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Vanquis Bank has changed the issue number and increased the rate on its Triple Access Cash ISA. The account now pays 4.25% AER on its anniversary, but there is also a monthly interest option for those who may want to boost their income. Savers will need to deposit at least £1,000 but they have no restrictions on further additions, which may be a bonus for some. However, it should be noted that the rate drops significantly if savers make four or more withdrawals. On assessment, this account takes a competitive position as a ‘Best Buy’ and receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.25% gross / 4.25% AER payable on anniversary / monthly interest option of 4.17% gross / 4.25% AER also available
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Permitted, lower rate of 2.25% gross/AER on anniversary or 2.23% gross / 2.25% AER monthly paid if more than three withdrawals are made per year via a nominated account.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Flexible ISA rules apply.
Mortgages
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“Alongside reducing selected fixed rate mortgages, this week HSBC has also increased its cashback incentives for first-time buyers. One offering to see the cashback increase is the five-year deal that charges 4.77% until 28 February 2031. First-time buyers can now receive £1,500, which will be useful to cover any extra fees, meanwhile, homemovers can still benefit from receiving £350. Further adding to its appeal, there is no product fee, and it also has a free valuation incentive. On assessment this offering earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.77% fixed rate to 28.2.31
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation and £1,500 cashback for first-time buyers or £350 cashback for second-time buyers
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Furness Building Society – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Furness Building Society includes a reduction to its five-year fixed rate mortgage at 80% loan-to-value. The deal is now priced at 4.84% and sits among the best in its sector. It continues to carry a reasonable £995 product fee and borrowers can benefit from £250 cashback, those remortgaging will also receive a free valuation. Overall, this deal secures an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.84% fixed rate for five years
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: £250 cashback for all customers and free valuation for remortgage customers
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Banking
The Co-operative Bank – Everyday Extra Current Account
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The Co-operative Bank has relaunched its switching incentive this week on the Current Account and Everyday Extra Current Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £100, but they could earn an extra £75 across three months subject to meeting certain criteria. It should be noted that neither account pays credit interest nor pays cashback on purchases, however, both have a competitive overdraft rate and customers who choose the Everyday Extra Account can get three months’ free access to travel insurance, breakdown cover and mobile phone insurance, but the monthly fee does rise to £18 per month thereafter. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £18
- Arranged overdraft: 35.90% EAR
- Opening account: Online or in branch
- Managing account: Online, in branch, by phone, via mobile app, by post, at the Post Office and text alerts.
- Other information: Minimum applicant age 18. £100 cashback for accounts switched using the Current Account Switch Service. Must deposit £1K or more, have two or more active direct debits, make at least 10 debit card payments, register for online banking or mobile app and register debit card in a digital wallet within 30 days. Receive £25 per month for up to three months after receiving the £100 switch offer. Must deposit £1K or more, make at least 10 debit card transactions and have two or more direct debits each month. T&Cs apply.
Cards
Virgin Money – 34 Month Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, said:
“The latest update from Virgin Money sees some amendments to the 0% introductory balance transfer terms on its 12 Month No Fee Balance Transfer and 31 Month Balance Transfer options, as well as reducing the introductory balance transfer fee on its 34 Month Balance Transfer Credit Card. This fee reduction to just 2.95% makes it one of the most competitive offers currently available on the market. To further add to its appeal, borrowers can also get 0% on purchases for three months. The card is an attractive option for borrowers looking to transfer existing debt interest-free. Customers can enjoy exclusive offers and rewards on the Virgin Red app, which enhances its overall appeal. Overall, 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: 2.95% as an introductory charge during the first two months from account opening, rising to 5.00% (no min) thereafter
- Card fee: None
- Opening method: Online and in branch
- Card management: By phone, post and via its mobile app
- Other information: Minimum age 18. Enjoy exclusive offers and rewards on the Virgin Red app. Rates dependent on credit rating.
