Savings
Atom Bank – 5 Year Fixed Saver
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Climbing its way to the top Best Buy spot, this week Atom Bank has increased the rate on its 5-Year Fixed Saver to a market-leading 5%. The deal can be opened with as little as £50, however, further additions can be made for seven days from the account opening which may boost its appeal for some. As is the case with many fixed bonds, earlier access is not permitted meaning savers should be comfortable locking away their cash for the full term before committing. Savers looking to guarantee their returns will be pleased to see the return of 5% fixed bonds. On assessment, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.00% gross / 5.00% AER payable on anniversary / monthly interest option of 4.89% gross / 5.00% AER also available
- Notice / term: Five years
- Minimum opening amount: £50
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted for seven days from account opening
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18.
Oxbury Bank – Easy Access Summer Account (Issue 1)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Oxbury Bank has launched a new Easy Access Summer Account this week, taking a competitive position as a Best Buy. The account pays an inflation-busting 4.22% AER, and as interest is paid monthly this may appeal to savers looking to give a boost to their income. While savers must deposit at least £1,000, they can benefit from unlimited penalty-free withdrawals as well as making further additions at any time, however, all transactions must be made via a nominated account. This account suits anyone searching for maximum flexibility. Overall, the deal earns an Excellent Moneyfacts product rating and is a Moneyfacts Best Buy.”
Key product details:
- Rate: 4.14% gross / 4.22% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £120,000
- 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. New customers only. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Mortgages
Santander – 10-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Among the many lenders to increase fixed rates this week, Santander has made rises of up to 0.19% across its range. One deal to see a slightly smaller rise is the 10-year fixed rate option at 90% loan-to-value which is now priced at 5.74% until 2 November 2036. Despite the rise, this deal remains an Outstanding option for borrowers, particularly to those with smaller deposits. As part of the package, borrowers can benefit from an attractive incentive package, which includes a free valuation and £250 cashback, offsetting its £999 fee. The longer term may give borrowers much-needed peace of mind and may be an ideal option for those prioritising stability. On assessment this deal earns an Outstanding Moneyfacts product rating and a position as a Moneyfacts Best Buy.”
Key product details:
- Rate: 5.74% fixed rate to 2.11.36
- Product fee: £999
- Maximum loan-to-value: 90%
- 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:
“HSBC has increased a selection of its fixed deals by up to 0.14% this week. The two-year deal at 75% loan-to-value has seen a slightly lower rise of 0.11% to 4.70%. Despite the increase in rate, this deal continues to take a prominent position as a Best Buy and is an enticing option for landlords thanks to its free valuation incentive, which offsets the £1,999 fee. Overall, the deal earns an Excellent Moneyfacts Product Rating.”
Key product details:
- Rate: 4.70% fixed rate to 31.10.28
- Product fee: £1,999
- 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
Atom Bank – 5 Year Fixed Saver
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Climbing its way to the top Best Buy spot, this week Atom Bank has increased the rate on its 5-Year Fixed Saver to a market-leading 5%. The deal can be opened with as little as £50, however, further additions can be made for seven days from the account opening which may boost its appeal for some. As is the case with many fixed bonds, earlier access is not permitted meaning savers should be comfortable locking away their cash for the full term before committing. Savers looking to guarantee their returns will be pleased to see the return of 5% fixed bonds. On assessment, this account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 5.00% gross / 5.00% AER payable on anniversary / monthly interest option of 4.89% gross / 5.00% AER also available
- Notice / term: Five years
- Minimum opening amount: £50
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted for seven days from account opening
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18.
Oxbury Bank – Easy Access Summer Account (Issue 1)
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Oxbury Bank has launched a new Easy Access Summer Account this week, taking a competitive position as a Best Buy. The account pays an inflation-busting 4.22% AER, and as interest is paid monthly this may appeal to savers looking to give a boost to their income. While savers must deposit at least £1,000, they can benefit from unlimited penalty-free withdrawals as well as making further additions at any time, however, all transactions must be made via a nominated account. This account suits anyone searching for maximum flexibility. Overall, the deal earns an Excellent Moneyfacts product rating and is a Moneyfacts Best Buy.”
Key product details:
- Rate: 4.14% gross / 4.22% AER payable monthly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £120,000
- 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. New customers only. Initial deposit must be made within 90 days of account opening, or account will automatically close.
Mortgages
Santander – 10-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Among the many lenders to increase fixed rates this week, Santander has made rises of up to 0.19% across its range. One deal to see a slightly smaller rise is the 10-year fixed rate option at 90% loan-to-value which is now priced at 5.74% until 2 November 2036. Despite the rise, this deal remains an Outstanding option for borrowers, particularly to those with smaller deposits. As part of the package, borrowers can benefit from an attractive incentive package, which includes a free valuation and £250 cashback, offsetting its £999 fee. The longer term may give borrowers much-needed peace of mind and may be an ideal option for those prioritising stability. On assessment this deal earns an Outstanding Moneyfacts product rating and a position as a Moneyfacts Best Buy.”
Key product details:
- Rate: 5.74% fixed rate to 2.11.36
- Product fee: £999
- Maximum loan-to-value: 90%
- 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:
“HSBC has increased a selection of its fixed deals by up to 0.14% this week. The two-year deal at 75% loan-to-value has seen a slightly lower rise of 0.11% to 4.70%. Despite the increase in rate, this deal continues to take a prominent position as a Best Buy and is an enticing option for landlords thanks to its free valuation incentive, which offsets the £1,999 fee. Overall, the deal earns an Excellent Moneyfacts Product Rating.”
Key product details:
- Rate: 4.70% fixed rate to 31.10.28
- Product fee: £1,999
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
