Savings
Chip – Chip Easy Access Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Chip sees it increase the rate on its Chip Easy Access Account. The boost to 5.01% AER sees it take the market-leading position when compared to its peers. However, while this is an attractive headline rate, savers should take note of the six month 1.51% AER bonus, so it’s crucial they review their deal once this expires. The account has no minimum deposit and savers can make further additions at any time. While access is permitted, savers are limited to the amount of penalty-free withdrawals they can make. If they make four or more the rate will drop significantly to just 2.91% AER so savers may need to plan carefully. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.90% gross / 5.01% AER payable monthly, includes 1.45% gross / 1.51% AER bonus for six months. Underlying gross rate guaranteed to be 0.30% below Bank Base Rate
- Notice / term: None
- Minimum opening amount: £0
- Maximum investment amount: £1 million
- Access: Permitted, lower rate of 2.84% gross / 2.91% AER paid if more than three withdrawals per year via nominated account.
- Further additions: Permitted, minimum £1 addition
- Opening account: Mobile App
- Managing account: Mobile App
- Other information: Minimum applicant age 18. New customers only and/or open banking connection to current account is required. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days for a ChipX subscription.
Mortgages
TSB – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week TSB has reduced a large selection of its fixed rates by up to 0.25%. One deal for remortgage customers to see a slightly smaller cut is the five-year deal at 85% loan-to-value which is now priced at a competitive 4.89% until 31 August 2031. Borrowers may note that while this deal includes a £995 fee, this is offset by its generous incentive package which includes a free valuation and either £300 cashback or free legal fees. Adding to its appeal, borrowers are also offered some flexibility with their monthly payments as overpayments and payment holidays are permitted, subject to conditions. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.89% fixed rate to 31.8.31
- Product fee: £995
- Maximum loan-to-value: 85%
- Available to: Remortgage customers
- Incentives: Free valuation and £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays after one year and subject to approval
- Lending area: Great Britain.
Buy-to-Let
HSBC – Two-year fixed rate mortgage, 60% 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 0.12%. The two-year option at 60% loan-to-value for second-time buyers has seen a slightly smaller cut and is now priced at an attractive 4.86%. The drop strengthens its position as a Moneyfacts Best Buy and, in addition to being fee-free, landlords can also enjoy a free valuation incentive, which may make this deal a great option for those looking to save on upfront costs. Overall, the deal earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.86% fixed rate to 31.7.28
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Cards
Virgin Money – 36 Month Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Virgin Money sees it reduce the introductory balance transfer fee to 3.10% on its 36 Month Balance Transfer card. The deal is already one of the longest balance transfer terms available, and the cut may make this an even more enticing option for borrowers looking to transfer existing balances interest-free. However, it’s important borrowers note this is an introductory rate for the first two months, after which the fee rises to 5%. Further adding to its appeal, borrowers needing to make a big purchase may be pleased to note that this card also offers 0% on purchases for the first three months, but the standard rate rises to 24.9% thereafter so it’s important that they can afford to make the repayments. On assessment, this card sits towards the top of the Moneyfacts Best Buy tables and earns an Outstanding product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 36 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.10% 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. Earn up to 15% cashback with Virgin Money Cashback at selected major retailers through the app. Rates dependent on credit rating.
Banking
Barclays Bank – Bank Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week Barclays Bank has launched a new £200 switching offer on its Bank Account. Consumers must switch using the Current Account Switch Service (CASS), and meet other criteria to be eligible. While the Bank Account doesn’t offer any credit interest or reward, adding to its appeal the card offers a £15 interest-free buffer on arranged overdrafts. Separate to the offer, this may be a good option for consumers wanting to maximise the overall value of their bank account because they can earn cashback on operating with Barclays Cashback partners through Blue Rewards, but this comes at an extra cost. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: None
- Arranged overdraft: 35.00% EAR, plus £15 interest-free buffer.
- Opening account: Online, in branch, or via its mobile app
- Managing account: Online, by phone, in branch, mobile app, by post, at the Post Office and text alerts
- Other information: Minimum applicant age 18. Blue Rewards exclusive access to members only savings accounts & earn cashback with Barclays Cashback partners. Subscription to Apple TV+ worth £9.99 pm. £200 for accounts opened and switched using the Current Account Switch Service via the Barclays app. Must transfer a minimum of two direct debits, deposit £2,000 into the account and join Barclays Blue Rewards within 30 days of opening. Ts&Cs apply.
Savings
Chip – Chip Easy Access Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Chip sees it increase the rate on its Chip Easy Access Account. The boost to 5.01% AER sees it take the market-leading position when compared to its peers. However, while this is an attractive headline rate, savers should take note of the six month 1.51% AER bonus, so it’s crucial they review their deal once this expires. The account has no minimum deposit and savers can make further additions at any time. While access is permitted, savers are limited to the amount of penalty-free withdrawals they can make. If they make four or more the rate will drop significantly to just 2.91% AER so savers may need to plan carefully. Overall, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.90% gross / 5.01% AER payable monthly, includes 1.45% gross / 1.51% AER bonus for six months. Underlying gross rate guaranteed to be 0.30% below Bank Base Rate
- Notice / term: None
- Minimum opening amount: £0
- Maximum investment amount: £1 million
- Access: Permitted, lower rate of 2.84% gross / 2.91% AER paid if more than three withdrawals per year via nominated account.
- Further additions: Permitted, minimum £1 addition
- Opening account: Mobile App
- Managing account: Mobile App
- Other information: Minimum applicant age 18. New customers only and/or open banking connection to current account is required. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days for a ChipX subscription.
Mortgages
TSB – Five-year fixed rate mortgage, 85% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week TSB has reduced a large selection of its fixed rates by up to 0.25%. One deal for remortgage customers to see a slightly smaller cut is the five-year deal at 85% loan-to-value which is now priced at a competitive 4.89% until 31 August 2031. Borrowers may note that while this deal includes a £995 fee, this is offset by its generous incentive package which includes a free valuation and either £300 cashback or free legal fees. Adding to its appeal, borrowers are also offered some flexibility with their monthly payments as overpayments and payment holidays are permitted, subject to conditions. On assessment, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.89% fixed rate to 31.8.31
- Product fee: £995
- Maximum loan-to-value: 85%
- Available to: Remortgage customers
- Incentives: Free valuation and £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays after one year and subject to approval
- Lending area: Great Britain.
Buy-to-Let
HSBC – Two-year fixed rate mortgage, 60% 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 0.12%. The two-year option at 60% loan-to-value for second-time buyers has seen a slightly smaller cut and is now priced at an attractive 4.86%. The drop strengthens its position as a Moneyfacts Best Buy and, in addition to being fee-free, landlords can also enjoy a free valuation incentive, which may make this deal a great option for those looking to save on upfront costs. Overall, the deal earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.86% fixed rate to 31.7.28
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Cards
Virgin Money – 36 Month Balance Transfer Credit Card Mastercard
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest update from Virgin Money sees it reduce the introductory balance transfer fee to 3.10% on its 36 Month Balance Transfer card. The deal is already one of the longest balance transfer terms available, and the cut may make this an even more enticing option for borrowers looking to transfer existing balances interest-free. However, it’s important borrowers note this is an introductory rate for the first two months, after which the fee rises to 5%. Further adding to its appeal, borrowers needing to make a big purchase may be pleased to note that this card also offers 0% on purchases for the first three months, but the standard rate rises to 24.9% thereafter so it’s important that they can afford to make the repayments. On assessment, this card sits towards the top of the Moneyfacts Best Buy tables and earns an Outstanding product rating.”
Key product details:
- Introductory rate for purchases: 0% for three months
- Introductory rate for balance transfers: 0% for 36 months
- Standard rate for purchases: 24.9% APR
- Balance transfer fee: 3.10% 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. Earn up to 15% cashback with Virgin Money Cashback at selected major retailers through the app. Rates dependent on credit rating.
Banking
Barclays Bank – Bank Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week Barclays Bank has launched a new £200 switching offer on its Bank Account. Consumers must switch using the Current Account Switch Service (CASS), and meet other criteria to be eligible. While the Bank Account doesn’t offer any credit interest or reward, adding to its appeal the card offers a £15 interest-free buffer on arranged overdrafts. Separate to the offer, this may be a good option for consumers wanting to maximise the overall value of their bank account because they can earn cashback on operating with Barclays Cashback partners through Blue Rewards, but this comes at an extra cost. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: None
- Arranged overdraft: 35.00% EAR, plus £15 interest-free buffer.
- Opening account: Online, in branch, or via its mobile app
- Managing account: Online, by phone, in branch, mobile app, by post, at the Post Office and text alerts
- Other information: Minimum applicant age 18. Blue Rewards exclusive access to members only savings accounts & earn cashback with Barclays Cashback partners. Subscription to Apple TV+ worth £9.99 pm. £200 for accounts opened and switched using the Current Account Switch Service via the Barclays app. Must transfer a minimum of two direct debits, deposit £2,000 into the account and join Barclays Blue Rewards within 30 days of opening. Ts&Cs apply.
