Savings
Cynergy Bank – Online Easy Access Account (Issue 97)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside changing the issue number, Cynergy Bank has increased the rate on its Online Easy Access Account. The boost improves its position in the top tables and now pays a competitive 4.27%. Savers can start from as little as £1 and it may be a suitable option for those who need to dip into their pots regularly as the account permits unlimited access with no penalty. However, it’s important to note the rate includes a significant 2% bonus, so it’s crucial that savers review their deal when this expires in 12 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.27% gross / 4.27% AER payable on its anniversary (including a 2.00% bonus for 12 months).
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £1 million
- Access: Permitted via nominated account
- Further additions: Permitted via nominated account
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available. Cynergy Bank Authenticator App or Digipass required to use online banking.
Mortgages
Santander – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“As well as extending end dates, Santander has reduced several of its fixed rate products, including the two-year deal at 85% loan-to-value. This option for second-time buyers has seen a 0.19% cut and is now priced at 4.90% until 2 August 2028. Borrowers looking to save on upfront costs may find this an enticing option as it offers a reasonable £999 product fee, boosted by its generous incentive package which includes a free valuation and £250 cashback. 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: 4.90% fixed rate to 2.8.28
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: Second-time buyers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
HSBC – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week HSBC has reduced its fixed rate buy-to-let offerings by up to 0.34%. The two-year option for homemovers at 75% loan-to-value has seen a slightly smaller, but still generous, 0.20% cut. The deal now charges 5.35% until 31 May 2028 and may be an attractive option for landlords looking to save on upfront costs as it does not have any product fees and comes with a free valuation incentive. Overpayments are also permitted, which may be a bonus for some. The reduction earns the deal a position in the top tables and earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 5.35% fixed rate to 31.5.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Savings
Cynergy Bank – Online Easy Access Account (Issue 97)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside changing the issue number, Cynergy Bank has increased the rate on its Online Easy Access Account. The boost improves its position in the top tables and now pays a competitive 4.27%. Savers can start from as little as £1 and it may be a suitable option for those who need to dip into their pots regularly as the account permits unlimited access with no penalty. However, it’s important to note the rate includes a significant 2% bonus, so it’s crucial that savers review their deal when this expires in 12 months. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.27% gross / 4.27% AER payable on its anniversary (including a 2.00% bonus for 12 months).
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: £1 million
- Access: Permitted via nominated account
- Further additions: Permitted via nominated account
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available. Cynergy Bank Authenticator App or Digipass required to use online banking.
Mortgages
Santander – Two-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“As well as extending end dates, Santander has reduced several of its fixed rate products, including the two-year deal at 85% loan-to-value. This option for second-time buyers has seen a 0.19% cut and is now priced at 4.90% until 2 August 2028. Borrowers looking to save on upfront costs may find this an enticing option as it offers a reasonable £999 product fee, boosted by its generous incentive package which includes a free valuation and £250 cashback. 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: 4.90% fixed rate to 2.8.28
- Product fee: £999
- Maximum loan-to-value: 85%
- Available to: Second-time buyers
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-Let
HSBC – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week HSBC has reduced its fixed rate buy-to-let offerings by up to 0.34%. The two-year option for homemovers at 75% loan-to-value has seen a slightly smaller, but still generous, 0.20% cut. The deal now charges 5.35% until 31 May 2028 and may be an attractive option for landlords looking to save on upfront costs as it does not have any product fees and comes with a free valuation incentive. Overpayments are also permitted, which may be a bonus for some. The reduction earns the deal a position in the top tables and earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 5.35% fixed rate to 31.5.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
