Savings
SmartSave – 1 Year Fixed Rate Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“SmartSave has launched a new 1 Year Fixed Rate Saver this week, which takes a position in the top rate tables. Paying a rate of 4.36%, the deal sits comfortably against its peers and may entice savers looking for a guaranteed return over the next 12 months. Savers will find early access is not permitted, but they can make further additions for 14 days from account opening. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.36% gross / 4.36% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
GB Bank – Fixed until 5 December 2023
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“GB Bank has launched into the UK savings market with two fixed bonds this week. Its one-year fixed bond takes a place in the top rate tables and pays a rate of 4.35%. Savers who have limited funds to lock away and want a guaranteed return over the next 12 months may find this deal attractive as it has a low initial deposit limit and permits further additions for 14 days from account opening. However, as is common with fixed bonds, it does not permit earlier access. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.35% gross / 4.35% AER payable yearly
- Notice / term: Fixed to 5.12.23
- Minimum opening amount: £1
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Melton Building Society – Fixed Rate Savings to 23 April 2025
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week Melton Building Society increased the rate on its 2 Year Fixed Rate Savings account, improving its position in the market. Now paying a rate of 4.75%, savers who are content to lock their cash away for two years for a competitive return may find this an attractive choice. A monthly interest option is also available for those savers who wish to supplement their income. As is common with fixed bonds, it does not permit earlier access, but savers can make further additions while the issue remains open. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.75% gross / 4.75% AER payable yearly, monthly interest option of 4.65% gross / 4.75% AER
- Notice / term: Fixed to 23.4.25
- Minimum opening amount: £10,000
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: Permitted while issue remains open
- Opening account: Branch
- Managing account: Branch
- Other information: Minimum applicant age 16. New money to the institution only. Joint account option available.
Mortgages
Virgin Money – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Virgin Money has reduced a selection of fixed deals, including its ten-year fixed mortgage at 75% loan-to-value. Now priced at 4.89%, this deal charges a £995 product fee which can be added to the mortgage advance, but it also offers a £1,000 cashback incentive. Those borrowers who are looking to save on the upfront cost of their deal may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.89% fixed rate to 1.4.33
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage product also available with a different incentive)
- Incentives: £1,000 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Yorkshire Building Society – Two-year variable-tracker mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers looking for a variable-tracker rate mortgage may find the latest deal from Yorkshire Building Society enticing. The deal is priced at 3.29% until 28 February 2025 and boasts an incentive package of a free valuation, plus those who are keen to save on the upfront cost of their deal can also add the product fee of £995 to the mortgage advance. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.29% variable-tracker rate (collared at 1.29%) until 28.2.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: All borrower types
- Incentives: Free valuation
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made.
- Lending area: Great Britain and Northern Ireland.
Nationwide Building Society – Two-year variable-tracker mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers comparing variable tracker mortgages may be enticed by the latest rate cut from Nationwide Building Society this week. Now priced at 3.49%, the deal charges a reasonable upfront product fee of £999, which can also be added to the mortgage advance. Those looking to save on the upfront cost of their mortgage will find this deal carries a free valuation incentive. A Green Reward payment of up to £500 is also on offer for properties that meet certain criteria. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.49% variable-tracker rate (collared at 0.49%) for two years
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation. Green Reward for properties with an EPC score of 86 to 91 £250 or Green Reward for properties with an EPC score of 92+ £500.
- Flexible features: Allows overpayments. Underpayments considered, subject to overpayments being made.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Furness Building Society – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Landlords searching for a new fixed rate deal may be enticed by the latest offer from Furness Building Society which has had a rate cut this week. The two-year fixed rate mortgage is now priced at 6.19% and charges an upfront product fee of £995 which can be added to the advance of the mortgage, but also includes an incentive of £250 cashback for all borrowers and a free valuation for remortgage customers. Borrowers looking to secure a competitive fixed rate for peace of mind and save on the upfront cost of their deal may then find it an attractive option. The deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 6.19% fixed rate for two years
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: £250 cashback and for those remortgaging, a free valuation
- Flexible features: Allows overpayments.
- Lending area: Great Britain.
Savings
SmartSave – 1 Year Fixed Rate Saver
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“SmartSave has launched a new 1 Year Fixed Rate Saver this week, which takes a position in the top rate tables. Paying a rate of 4.36%, the deal sits comfortably against its peers and may entice savers looking for a guaranteed return over the next 12 months. Savers will find early access is not permitted, but they can make further additions for 14 days from account opening. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.36% gross / 4.36% AER payable on maturity
- Notice / term: One year
- Minimum opening amount: £10,000
- Maximum investment amount: £85,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
GB Bank – Fixed until 5 December 2023
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“GB Bank has launched into the UK savings market with two fixed bonds this week. Its one-year fixed bond takes a place in the top rate tables and pays a rate of 4.35%. Savers who have limited funds to lock away and want a guaranteed return over the next 12 months may find this deal attractive as it has a low initial deposit limit and permits further additions for 14 days from account opening. However, as is common with fixed bonds, it does not permit earlier access. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.35% gross / 4.35% AER payable yearly
- Notice / term: Fixed to 5.12.23
- Minimum opening amount: £1
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18.
Melton Building Society – Fixed Rate Savings to 23 April 2025
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week Melton Building Society increased the rate on its 2 Year Fixed Rate Savings account, improving its position in the market. Now paying a rate of 4.75%, savers who are content to lock their cash away for two years for a competitive return may find this an attractive choice. A monthly interest option is also available for those savers who wish to supplement their income. As is common with fixed bonds, it does not permit earlier access, but savers can make further additions while the issue remains open. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.75% gross / 4.75% AER payable yearly, monthly interest option of 4.65% gross / 4.75% AER
- Notice / term: Fixed to 23.4.25
- Minimum opening amount: £10,000
- Maximum investment amount: £500,000
- Access: Not permitted
- Further additions: Permitted while issue remains open
- Opening account: Branch
- Managing account: Branch
- Other information: Minimum applicant age 16. New money to the institution only. Joint account option available.
Mortgages
Virgin Money – 10-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“This week, Virgin Money has reduced a selection of fixed deals, including its ten-year fixed mortgage at 75% loan-to-value. Now priced at 4.89%, this deal charges a £995 product fee which can be added to the mortgage advance, but it also offers a £1,000 cashback incentive. Those borrowers who are looking to save on the upfront cost of their deal may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.89% fixed rate to 1.4.33
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: House purchase customers (remortgage product also available with a different incentive)
- Incentives: £1,000 cashback
- Flexible features: Allows overpayments. Payment holidays considered by arrangement.
- Lending area: Great Britain and Northern Ireland.
Yorkshire Building Society – Two-year variable-tracker mortgage, 75% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers looking for a variable-tracker rate mortgage may find the latest deal from Yorkshire Building Society enticing. The deal is priced at 3.29% until 28 February 2025 and boasts an incentive package of a free valuation, plus those who are keen to save on the upfront cost of their deal can also add the product fee of £995 to the mortgage advance. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.29% variable-tracker rate (collared at 1.29%) until 28.2.25
- Product fee: £995
- Maximum loan-to-value: 75%
- Available to: All borrower types
- Incentives: Free valuation
- Flexible features: Allows overpayments. Underpayments and payment holidays considered, not to exceed level of overpayments previously made.
- Lending area: Great Britain and Northern Ireland.
Nationwide Building Society – Two-year variable-tracker mortgage, 60% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Borrowers comparing variable tracker mortgages may be enticed by the latest rate cut from Nationwide Building Society this week. Now priced at 3.49%, the deal charges a reasonable upfront product fee of £999, which can also be added to the mortgage advance. Those looking to save on the upfront cost of their mortgage will find this deal carries a free valuation incentive. A Green Reward payment of up to £500 is also on offer for properties that meet certain criteria. Overall, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 3.49% variable-tracker rate (collared at 0.49%) for two years
- Product fee: £999
- Maximum loan-to-value: 60%
- Available to: Second-time buyers
- Incentives: Free valuation. Green Reward for properties with an EPC score of 86 to 91 £250 or Green Reward for properties with an EPC score of 92+ £500.
- Flexible features: Allows overpayments. Underpayments considered, subject to overpayments being made.
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Furness Building Society – Two-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:
“Landlords searching for a new fixed rate deal may be enticed by the latest offer from Furness Building Society which has had a rate cut this week. The two-year fixed rate mortgage is now priced at 6.19% and charges an upfront product fee of £995 which can be added to the advance of the mortgage, but also includes an incentive of £250 cashback for all borrowers and a free valuation for remortgage customers. Borrowers looking to secure a competitive fixed rate for peace of mind and save on the upfront cost of their deal may then find it an attractive option. The deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 6.19% fixed rate for two years
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers and remortgage customers
- Incentives: £250 cashback and for those remortgaging, a free valuation
- Flexible features: Allows overpayments.
- Lending area: Great Britain.
