Savings
Secure Trust Bank – 1 Year Fixed Rate Cash ISA (15.Jul.27)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week, Secure Trust Bank has increased the rate on a handful of its Fixed Rate Cash ISAs. The boost to the one-year option sees the account pay a market-leading 4.67%. While it can be opened with £1,000, those depositing their full £20,000 cash ISA limit could receive over £900 in interest. As is the case with many fixed ISA accounts, earlier access is subject to a loss of interest penalty and account closure so this should be considered carefully. In more positive news, further additions are permitted for 30 days from the account opening via a nominated account. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.67% gross / 4.67% AER payable yearly
- Notice / term: 15.7.27
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Permitted, on closure only and subject to 90-day loss of interest penalty
- Further additions: Permitted for 30 days from account opening via nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, on closure only and subject to 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by phone and via its mobile app
- Other information: Minimum applicant age 18.
Mortgages
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from HSBC sees it reduce selected fixed rates in its residential range by up to 0.29%. While receiving a smaller 0.08% cut, the five-year option for first-time buyers with a 5% deposit is now priced at 5.37% and takes a competitive position as a Best Buy. The deal also offers a lucrative incentive package which includes a free valuation, £1,500 cashback and no payable fees, which may make this an ideal option for first-time buyers looking to keep costs to a minimum. When assessed as a whole, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.37% fixed rate to 31.7.31
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation and £1,500 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
HSBC – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“HSBC has reduced a selection of its fixed rate deals for landlords by up to 0.09%. The five-year option at 65% loan-to-value for second-time buyers has seen a slightly smaller cut and is now priced at a competitive 4.57%. While landlords face a large £3,999 product fee, this is partially offset by its free valuation incentive. Overpayments are permitted by up to a maximum 20%, which may be a bonus for some. The reduction strengthens its position as a Moneyfacts Best Buy and earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.57% fixed rate to 31.7.31
- Product fee: £3,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Loans
M&S Bank – Unsecured Personal Loan
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“M&S Bank has increased the rate on the £7,500 to £25,000 tier of its Personal Loan. While the 0.20% rise to 5.9% APR may make borrowing between these amounts more expensive, this loan continues to be one of the most competitive options on the market. Working in the loan’s favour, overpayments are permitted without incurring an early repayment charge. In any case, borrowers should consider the terms of any loan carefully and ensure they can afford the repayments. Overall, the product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Representative APR: 5.9%
- Loan period: Rate shown is based on a term of 60 months for a £7,500 borrowing
- Application available: Online and by phone
- Other information: Minimum age 18. Minimum Applicant Income £10,000 per year. You may be offered an alternative APR dependent on credit rating.
Savings
Secure Trust Bank – 1 Year Fixed Rate Cash ISA (15.Jul.27)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week, Secure Trust Bank has increased the rate on a handful of its Fixed Rate Cash ISAs. The boost to the one-year option sees the account pay a market-leading 4.67%. While it can be opened with £1,000, those depositing their full £20,000 cash ISA limit could receive over £900 in interest. As is the case with many fixed ISA accounts, earlier access is subject to a loss of interest penalty and account closure so this should be considered carefully. In more positive news, further additions are permitted for 30 days from the account opening via a nominated account. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.67% gross / 4.67% AER payable yearly
- Notice / term: 15.7.27
- Minimum opening amount: £1,000
- Maximum investment amount: £1 million
- Access: Permitted, on closure only and subject to 90-day loss of interest penalty
- Further additions: Permitted for 30 days from account opening via nominated account
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, on closure only and subject to 90-day loss of interest penalty
- Opening account: Online
- Managing account: Online, by phone and via its mobile app
- Other information: Minimum applicant age 18.
Mortgages
HSBC – Five-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from HSBC sees it reduce selected fixed rates in its residential range by up to 0.29%. While receiving a smaller 0.08% cut, the five-year option for first-time buyers with a 5% deposit is now priced at 5.37% and takes a competitive position as a Best Buy. The deal also offers a lucrative incentive package which includes a free valuation, £1,500 cashback and no payable fees, which may make this an ideal option for first-time buyers looking to keep costs to a minimum. When assessed as a whole, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.37% fixed rate to 31.7.31
- Product fee: None
- Maximum loan-to-value: 95%
- Available to: First-time buyers
- Incentives: Free valuation and £1,500 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
HSBC – Five-year fixed rate mortgage, 65% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“HSBC has reduced a selection of its fixed rate deals for landlords by up to 0.09%. The five-year option at 65% loan-to-value for second-time buyers has seen a slightly smaller cut and is now priced at a competitive 4.57%. While landlords face a large £3,999 product fee, this is partially offset by its free valuation incentive. Overpayments are permitted by up to a maximum 20%, which may be a bonus for some. The reduction strengthens its position as a Moneyfacts Best Buy and earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.57% fixed rate to 31.7.31
- Product fee: £3,999
- Maximum loan-to-value: 65%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Loans
M&S Bank – Unsecured Personal Loan
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“M&S Bank has increased the rate on the £7,500 to £25,000 tier of its Personal Loan. While the 0.20% rise to 5.9% APR may make borrowing between these amounts more expensive, this loan continues to be one of the most competitive options on the market. Working in the loan’s favour, overpayments are permitted without incurring an early repayment charge. In any case, borrowers should consider the terms of any loan carefully and ensure they can afford the repayments. Overall, the product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Representative APR: 5.9%
- Loan period: Rate shown is based on a term of 60 months for a £7,500 borrowing
- Application available: Online and by phone
- Other information: Minimum age 18. Minimum Applicant Income £10,000 per year. You may be offered an alternative APR dependent on credit rating.
