Savings

Leeds Building Society – 5 Year Fixed Rate Bond (Issue 693)

Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:

“Leeds Building Society has changed issue numbers and increased the rates across its range of Fixed Rate Bonds. One deal to take a position in the top tables is the five-year option. The account pays an attractive 4.40% until 30 April 2031 and savers can deposit as little as £100 but further additions are permitted until 30 April 2026, which may add to its appeal. As is the case with most fixed bonds, earlier access is not permitted so it’s crucial that savers are confident they will not need to access their nest eggs before the term finishes. On assessment, the account earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.40% gross / 4. 40% AER payable on its anniversary
• Notice / term: 30.4.31
• Minimum opening amount: £100
• Maximum investment amount: £1 million
• Access: Not permitted
• Further additions: Permitted until 30.4.26
• Opening account: Online, by post and in branch
• Managing account: By post and in branch
• Other information: Minimum applicant age 18. Joint account option available.

Monument Bank – Easy Access Cash ISA Boosted Rate

Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:

“This week Monument Bank has launched a new Easy Access Cash ISA Boosted Rate. The account pays an inflation-beating 4.28% AER and it takes a prominent position in the top charts when compared to its peers. However, savers should note they will need at least £10,000 and the rate includes a 0.54% AER bonus. It would be sensible to review the deal once it expires in 12 months. To qualify for the rate, deposits must be new money to the institution. Investors who may need to dip into their pots may also be pleased to note that they have unlimited withdrawals with no penalty, which is sure to add to its appeal. Overall, this deal takes a position as a Moneyfacts ‘Best Buy’ and earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 4.20% gross / 4.28% AER paid monthly (must be new money to the institution, includes 0.52% gross / 0.54% AER bonus for 12 months.)
• Notice / term: None
• Minimum opening amount: £10,000
• Maximum investment amount: ISA allowance
• Access: Permitted, via nominated account
• Further additions: Permitted, via nominated account
• Transfers in: Permitted, accepts Cash ISAs, full transfers only
• Transfers out: Permitted
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18.

Mortgages

Marsden Building Society – 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 Marsden Building Society sees it relaunch its five-year fixed rate deal at 95% loan-to-value. The deal takes a position in the ‘Best Buy’ tables for first-time buyers; however, it is available for all borrower types. It’s priced at a competitive 5.35% until 30 June 2031, this is comfortably below the market average for similar products. Adding to its appeal, borrowers looking to save on upfront costs may also be pleased to note its lack of fee and its generous incentive package. All borrowers will receive a free valuation, but remortgage customers will also receive free legal fees. When assessed as a whole, this deal earns an Excellent Moneyfacts product rating.”

Key product details:

• Rate: 5.35% fixed rate to 30.6.31
• 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.