Savings
Cynergy Bank – 1 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Cynergy Bank has increased rates on its range of fixed bonds, which includes the one-year fixed option that now pays 4.42%. The deal sits in a prominent position against other bonds that are fixed for 12 months and may entice savers who are looking for a competitive return and are happy to lock their cash away for the next year. As is common with a fixed bond, no earlier access is permitted, and investors will need a minimum of £10,000 to deposit to be eligible. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.42% gross / 4.42% AER payable on its anniversary
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18. Joint account option available. Cynergy Bank Authenticator App or Digipass required to use online banking.
Close Brothers Savings – 95 Day Notice Account (Issue 14)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Savers searching for a competitive rate, but also happy to give notice to access their cash after a few months, may appreciate the latest rate rise by Close Brothers Savings this week. The 95 Day Notice account now pays 3.55% and may appeal to savers looking for a bit of flexibility with their investment. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.55% gross / 3.55% AER payable yearly
- Notice / term: 95 days
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Permitted, subject to 95 days’ notice
- Further additions: Permitted
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available.
Santander – 18 Month Fixed Rate ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has launched a new 18 Month Fixed Rate ISA this week, which takes a competitive position within our top rate tables. The deal pays a rate of 4.25% yearly and may appeal to savers who want to invest over the shorter-term and those looking to use their ISA allowance before the new tax year begins. This ISA permits savers to make transfers in for 14 days from account opening, but savers will be subject to 120 days’ loss of interest penalty and closure of the account should they wish to access their money early. On review, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.25% gross / 4.25% AER payable yearly
- Notice / term: To 1.10.24
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 120 days’ loss of interest penalty
- Further additions: Permitted until 30.4.23
- Transfers in: Permitted for 14 days from account opening for external transfers, and until 30.4.23 for internal transfers. Accepts Cash and Stocks and Shares ISAs.
- Transfers out: Permitted, subject to account closure and 120 days’ loss of interest penalty
- Opening account: Online, in branch, and via its mobile app
- Managing account: In branch and by phone.
- Other information: Minimum applicant age 16. £50 e-voucher when transferring in from a non-Santander ISA of £10,000 or more to a Santander Fixed Rate ISA.
Mortgages
Santander – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has made several rate reductions to its range this week, along with extending end dates. Its five-year fixed rate deal priced at 4.15% may appeal to house purchase customers looking to secure a competitive rate and package. A free valuation incentive is included and there is no product fee to pay, which is attractive for those looking to save on the upfront cost of their deal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.15% fixed rate to 2.7.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuatio
- Flexible features: Allows overpayments
- Lending area: Great Britain & Northern Ireland.
first direct – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Borrowers with a 20% deposit searching for a competitive mortgage rate with a low upfront cost may find this week’s rate cut by first direct appealing. Its two-year fixed rate mortgage is now priced at 4.59% and charges a reasonable £490 product fee. The deal also boasts an incentive package of free valuation for all borrowers and free legal fees for remortgage customers. This product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 80%
- Available to: All borrowers
- Incentives: Free valuation and free legal fees for remortgage customers
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Virgin Money – Three-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Virgin Money has reduced selected fixed rates in its range, including its three-year fixed mortgage at 90% loan-to-value. Now priced at 4.79%, this deal charges a product fee of £995, and it offers a £300 cashback incentive. Those borrowers with a limited deposit of 10% looking for a competitive package may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.79% fixed rate to 1.8.26
- Product fee: £995
- Maximum loan-to-value: 90%
- Available to: House purchase customers
- Incentives: £300 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Virgin Money – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive deal with a generous incentive package may find the two-year fixed deal from Virgin Money appealing. After a rate cut, the deal is now priced at 4.82% and includes an incentive package which varies depending on the type of borrower. The deal does carry a product fee of £995, but this can be added to the mortgage advance should borrowers wish to do so. Overall, this earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.82% fixed rate to 1.8.25
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: £500 cashback for second-time buyers, while those remortgaging can benefit from a free valuation and either £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
NatWest – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords looking for a competitive package may find the two-year fixed rate deal from NatWest attractive. After a rate cut this week, the deal is now priced at 4.91% and includes an incentive package of a free valuation, good news for those with a 25% deposit looking to save on the upfront cost of their deal. The mortgage does carry a product fee of £995, but this can be added to the mortgage advance. As a result, the deal earns a Moneyfacts product rating of Outstanding.”
Key product details:
- Rate: 4.91% fixed rate to 31.8.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Savings
Cynergy Bank – 1 Year Fixed Rate Bond
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week Cynergy Bank has increased rates on its range of fixed bonds, which includes the one-year fixed option that now pays 4.42%. The deal sits in a prominent position against other bonds that are fixed for 12 months and may entice savers who are looking for a competitive return and are happy to lock their cash away for the next year. As is common with a fixed bond, no earlier access is permitted, and investors will need a minimum of £10,000 to deposit to be eligible. Overall, the deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.42% gross / 4.42% AER payable on its anniversary
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £1 million
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online, by post and by phone
- Other information: Minimum applicant age 18. Joint account option available. Cynergy Bank Authenticator App or Digipass required to use online banking.
Close Brothers Savings – 95 Day Notice Account (Issue 14)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Savers searching for a competitive rate, but also happy to give notice to access their cash after a few months, may appreciate the latest rate rise by Close Brothers Savings this week. The 95 Day Notice account now pays 3.55% and may appeal to savers looking for a bit of flexibility with their investment. The deal secures a prominent position in our top tables and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 3.55% gross / 3.55% AER payable yearly
- Notice / term: 95 days
- Minimum opening amount: £10,000
- Maximum investment amount: £2 million
- Access: Permitted, subject to 95 days’ notice
- Further additions: Permitted
- Opening account: Online
- Managing account: Online, by phone and by post
- Other information: Minimum applicant age 18. Joint account option available.
Santander – 18 Month Fixed Rate ISA
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has launched a new 18 Month Fixed Rate ISA this week, which takes a competitive position within our top rate tables. The deal pays a rate of 4.25% yearly and may appeal to savers who want to invest over the shorter-term and those looking to use their ISA allowance before the new tax year begins. This ISA permits savers to make transfers in for 14 days from account opening, but savers will be subject to 120 days’ loss of interest penalty and closure of the account should they wish to access their money early. On review, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.25% gross / 4.25% AER payable yearly
- Notice / term: To 1.10.24
- Minimum opening amount: £500
- Maximum investment amount: ISA allowance
- Access: Permitted, subject to account closure and 120 days’ loss of interest penalty
- Further additions: Permitted until 30.4.23
- Transfers in: Permitted for 14 days from account opening for external transfers, and until 30.4.23 for internal transfers. Accepts Cash and Stocks and Shares ISAs.
- Transfers out: Permitted, subject to account closure and 120 days’ loss of interest penalty
- Opening account: Online, in branch, and via its mobile app
- Managing account: In branch and by phone.
- Other information: Minimum applicant age 16. £50 e-voucher when transferring in from a non-Santander ISA of £10,000 or more to a Santander Fixed Rate ISA.
Mortgages
Santander – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Santander has made several rate reductions to its range this week, along with extending end dates. Its five-year fixed rate deal priced at 4.15% may appeal to house purchase customers looking to secure a competitive rate and package. A free valuation incentive is included and there is no product fee to pay, which is attractive for those looking to save on the upfront cost of their deal. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.15% fixed rate to 2.7.28
- Product fee: None
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuatio
- Flexible features: Allows overpayments
- Lending area: Great Britain & Northern Ireland.
first direct – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Borrowers with a 20% deposit searching for a competitive mortgage rate with a low upfront cost may find this week’s rate cut by first direct appealing. Its two-year fixed rate mortgage is now priced at 4.59% and charges a reasonable £490 product fee. The deal also boasts an incentive package of free valuation for all borrowers and free legal fees for remortgage customers. This product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 80%
- Available to: All borrowers
- Incentives: Free valuation and free legal fees for remortgage customers
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Virgin Money – Three-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“This week, Virgin Money has reduced selected fixed rates in its range, including its three-year fixed mortgage at 90% loan-to-value. Now priced at 4.79%, this deal charges a product fee of £995, and it offers a £300 cashback incentive. Those borrowers with a limited deposit of 10% looking for a competitive package may find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.79% fixed rate to 1.8.26
- Product fee: £995
- Maximum loan-to-value: 90%
- Available to: House purchase customers
- Incentives: £300 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Virgin Money – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords searching for a competitive deal with a generous incentive package may find the two-year fixed deal from Virgin Money appealing. After a rate cut, the deal is now priced at 4.82% and includes an incentive package which varies depending on the type of borrower. The deal does carry a product fee of £995, but this can be added to the mortgage advance should borrowers wish to do so. Overall, this earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.82% fixed rate to 1.8.25
- Product fee: £995
- Maximum loan-to-value: 60%
- Available to: Second-time buyers and remortgage borrowers
- Incentives: £500 cashback for second-time buyers, while those remortgaging can benefit from a free valuation and either £300 cashback or free legal fees
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
NatWest – Two-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Landlords looking for a competitive package may find the two-year fixed rate deal from NatWest attractive. After a rate cut this week, the deal is now priced at 4.91% and includes an incentive package of a free valuation, good news for those with a 25% deposit looking to save on the upfront cost of their deal. The mortgage does carry a product fee of £995, but this can be added to the mortgage advance. As a result, the deal earns a Moneyfacts product rating of Outstanding.”
Key product details:
- Rate: 4.91% fixed rate to 31.8.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
