Savings
Aldermore – Reward ISA Single Access Account (Issue 4)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Savers looking to utilise their tax-free allowance may find the new issue of Aldermore’s Reward ISA Single Access Account appealing, despite a slight rate cut from its predecessor. Paying a rate of 4.21% AER, the deal takes a place within the top rate tables and is available for savers who have at least £100 to invest. While access is permitted, the rate will drop to 2.90% if two or more withdrawals are made during the year, so careful planning is wise. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.21% gross / 4.21% AER payable on anniversary, monthly interest option of 4.13% gross / 4.21% AER
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: ISA allowance
- Access: Permitted, 2.86% gross / 2.90% AER paid if two or more withdrawals are made per year.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs and Help to Buy ISAs.
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Aldermore’s range. Flexible ISA rules apply.
Mortgages
Skipton Building Society – Three-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Skipton Building Society has reduced a selection of fixed deals this week, including a three-year fixed mortgage at 95% loan-to-value. Now priced at 4.75%, this deal offers borrowers a free valuation incentive, and charges a fee of £995 which can be added to the mortgage advance. Those borrowers who are looking for a competitive package may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.75% fixed rate to 31.1.29
- Product fee: £995
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Banking
NatWest – Reward Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“In this latest review, NatWest has launched an attractive free cash switching offer of £175 for customers using the CASS (Current Account Switch Service). The account charges a monthly fee of £2 but includes perks for spenders when using their debit card as part of its Rewards Scheme, capped at £5 per month. Savers can gain access to its Digital Regular Saver which encourages the savings habit while also paying a competitive rate of interest. As with any current account customers may weigh up all the benefits along with any eligibility criteria to ensure it’s the right choice for them. Overall, the account earns an Outstanding product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £2 per month
- Arranged overdraft: 39.49% EAR
- Opening account: Online, by phone or in branch
- Managing account: Online, in branch, by phone, by post, via mobile app and at the Post Office
- Other information: Minimum applicant age 18. £175 free cash offer, using the Current Account Switch Service, must deposit £1,250 and log in to mobile banking app within 60 days of switching. Customers can earn up to £5 a month in rewards. Earn at least 1% Rewards on qualifying purchases at selected retailers which can be converted to cashback, trade up vouchers or donated to charity. Earn 4 Rewards per month by making a minimum of 2 direct debit payments of at least £2 each. Earn an additional 1 Reward by logging into mobile banking app every month. Once 5 Rewards are available, they can be exchanged for a £5 current account credit, traded up for Reward vouchers at selected retailers or donated to a participating charity.
Savings
Aldermore – Reward ISA Single Access Account (Issue 4)
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Savers looking to utilise their tax-free allowance may find the new issue of Aldermore’s Reward ISA Single Access Account appealing, despite a slight rate cut from its predecessor. Paying a rate of 4.21% AER, the deal takes a place within the top rate tables and is available for savers who have at least £100 to invest. While access is permitted, the rate will drop to 2.90% if two or more withdrawals are made during the year, so careful planning is wise. Overall, the account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.21% gross / 4.21% AER payable on anniversary, monthly interest option of 4.13% gross / 4.21% AER
- Notice / term: None
- Minimum opening amount: £100
- Maximum investment amount: ISA allowance
- Access: Permitted, 2.86% gross / 2.90% AER paid if two or more withdrawals are made per year.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash and Stocks and Shares ISAs and Help to Buy ISAs.
- Transfers out: Permitted
- Opening account: Online
- Managing account: Online
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Aldermore’s range. Flexible ISA rules apply.
Mortgages
Skipton Building Society – Three-year fixed rate mortgage, 95% loan-to-value
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“Skipton Building Society has reduced a selection of fixed deals this week, including a three-year fixed mortgage at 95% loan-to-value. Now priced at 4.75%, this deal offers borrowers a free valuation incentive, and charges a fee of £995 which can be added to the mortgage advance. Those borrowers who are looking for a competitive package may then find this an attractive choice. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- 4.75% fixed rate to 31.1.29
- Product fee: £995
- Maximum loan-to-value: 95%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments and payment holidays after six months, maximum six months holiday per year subject to sufficient overpayments, approval and 14 days’ notice
- Lending area: Great Britain.
Banking
NatWest – Reward Current Account
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said:
“In this latest review, NatWest has launched an attractive free cash switching offer of £175 for customers using the CASS (Current Account Switch Service). The account charges a monthly fee of £2 but includes perks for spenders when using their debit card as part of its Rewards Scheme, capped at £5 per month. Savers can gain access to its Digital Regular Saver which encourages the savings habit while also paying a competitive rate of interest. As with any current account customers may weigh up all the benefits along with any eligibility criteria to ensure it’s the right choice for them. Overall, the account earns an Outstanding product rating.”
Key product details:
- Credit interest / reward: None
- Cashback on debit card purchases: None
- Account fee: £2 per month
- Arranged overdraft: 39.49% EAR
- Opening account: Online, by phone or in branch
- Managing account: Online, in branch, by phone, by post, via mobile app and at the Post Office
- Other information: Minimum applicant age 18. £175 free cash offer, using the Current Account Switch Service, must deposit £1,250 and log in to mobile banking app within 60 days of switching. Customers can earn up to £5 a month in rewards. Earn at least 1% Rewards on qualifying purchases at selected retailers which can be converted to cashback, trade up vouchers or donated to charity. Earn 4 Rewards per month by making a minimum of 2 direct debit payments of at least £2 each. Earn an additional 1 Reward by logging into mobile banking app every month. Once 5 Rewards are available, they can be exchanged for a £5 current account credit, traded up for Reward vouchers at selected retailers or donated to a participating charity.
