Savings
Kent Reliance - 1 Year Fixed Rate Bond – Issue 17
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Kent Reliance has boosted the rates on a selection of its saving accounts this week, including its one-year bond, which is now paying a market-leading 4.51% AER. Savers will need at least £1,000 to tuck away to open an account and should note that additions can be made for 14 days from account opening. However, once the money is locked away it cannot be withdrawn until the 12 months are up.”
Key product details:
- Rate: 4.51% gross / 4.51% AER payable on anniversary. Monthly interest also available (4.42% monthly/4.51% AER).
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £499,999
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Permitted, for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online.
Hampshire Trust Bank – 5 Year Online Fixed Saver (Issue 44)
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Hampshire Trust Bank has increased the rate on its 5 Year Online Fixed Saver, now paying a market-leading 4.31% AER compared to other fixed bonds with similar terms currently available. Recent Moneyfacts analysis found that the average Stocks & Shares ISA has delivered an annual average return of 6.79% over the last 15 years but returns can be volatile year-on-year. This account is a good option for anyone looking to lock their money away for a few years and benefit from risk-free guaranteed returns. Savers should also note that further additions can be made for 14 days from account opening via a nominated account.”
Key product details:
- Rate: 4.31% gross / 4.31% AER payable on anniversary
- Notice / term: Five years
- Minimum opening amount: £1
- Maximum investment amount: £250,000
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Permitted, for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online and telephone.
Union Bank of India (UK) Ltd – 1 Year Fixed Rate Deposit
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“This week Union Bank of India increased the rate on its 1 Year Fixed Rate Deposit to 4.45% AER, taking a place within the top 10 when compared to other fixed bonds currently available in the market. The bank also offers a 0.10% loyalty bonus offered to existing Fixed Rate Deposit holders if they choose to reinvest into another Fixed Rate Deposit at maturity. However, earlier access or additions are not permitted on the bonds.”
Key product details:
- Rate: 4.45% gross / 4.45% AER payable on anniversary
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Not permitted
- Opening account: Post or in branch
- Managing account: Post or in branch.
Mortgages
Barclays Mortgage – 3 Year Fix at 75% LTV, 3.86%
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Barclays Mortgage has reduced the rate on its three-year offering at 75% loan-to-value for remortgage borrowers by 0.17%, and it is now priced at 3.86%. While a fee of £999 is required, incentives include a free valuation and free legal fees or £350 cashback, meaning that it sits at the top of its part of the market.”
Key product details:
- Rate: 3.86% fixed to 31.03.2029
- Product fee: £999
- Maximum loan-to-value: 75%
- Available to: Remortgage
- Incentives: Free valuation and legal fees or £350 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Savings
Kent Reliance - 1 Year Fixed Rate Bond – Issue 17
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Kent Reliance has boosted the rates on a selection of its saving accounts this week, including its one-year bond, which is now paying a market-leading 4.51% AER. Savers will need at least £1,000 to tuck away to open an account and should note that additions can be made for 14 days from account opening. However, once the money is locked away it cannot be withdrawn until the 12 months are up.”
Key product details:
- Rate: 4.51% gross / 4.51% AER payable on anniversary. Monthly interest also available (4.42% monthly/4.51% AER).
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £499,999
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Permitted, for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online.
Hampshire Trust Bank – 5 Year Online Fixed Saver (Issue 44)
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Hampshire Trust Bank has increased the rate on its 5 Year Online Fixed Saver, now paying a market-leading 4.31% AER compared to other fixed bonds with similar terms currently available. Recent Moneyfacts analysis found that the average Stocks & Shares ISA has delivered an annual average return of 6.79% over the last 15 years but returns can be volatile year-on-year. This account is a good option for anyone looking to lock their money away for a few years and benefit from risk-free guaranteed returns. Savers should also note that further additions can be made for 14 days from account opening via a nominated account.”
Key product details:
- Rate: 4.31% gross / 4.31% AER payable on anniversary
- Notice / term: Five years
- Minimum opening amount: £1
- Maximum investment amount: £250,000
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Permitted, for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: Online and telephone.
Union Bank of India (UK) Ltd – 1 Year Fixed Rate Deposit
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“This week Union Bank of India increased the rate on its 1 Year Fixed Rate Deposit to 4.45% AER, taking a place within the top 10 when compared to other fixed bonds currently available in the market. The bank also offers a 0.10% loyalty bonus offered to existing Fixed Rate Deposit holders if they choose to reinvest into another Fixed Rate Deposit at maturity. However, earlier access or additions are not permitted on the bonds.”
Key product details:
- Rate: 4.45% gross / 4.45% AER payable on anniversary
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: No withdrawals permitted before the end of the fixed term
- Further additions: Not permitted
- Opening account: Post or in branch
- Managing account: Post or in branch.
Mortgages
Barclays Mortgage – 3 Year Fix at 75% LTV, 3.86%
Commenting on the deal, Adam French, Head of News at Moneyfactscompare.co.uk, said:
“Barclays Mortgage has reduced the rate on its three-year offering at 75% loan-to-value for remortgage borrowers by 0.17%, and it is now priced at 3.86%. While a fee of £999 is required, incentives include a free valuation and free legal fees or £350 cashback, meaning that it sits at the top of its part of the market.”
Key product details:
- Rate: 3.86% fixed to 31.03.2029
- Product fee: £999
- Maximum loan-to-value: 75%
- Available to: Remortgage
- Incentives: Free valuation and legal fees or £350 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
