Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week Plum has increased the rate on its Plum Cash ISA for new money only, maintaining its position as the market-leader when compared to its peers. The account pays 4.57% AER, and savers can invest as little as £1. However, as is the case with many flexible ISAs, savers should note the generous 2.03% AER bonus rate which expires after 12 months, so it’s crucial they review the deal once this expires. This account may be best suited for savers who may need to dip into their deposits frequently as they have unlimited withdrawals without penalty. Investors who wish to transfer into this account should note that they will receive a lower headline rate of 4.07% AER. Overall, this deal takes a position as a Moneyfacts ‘Best Buy’ and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.53% gross / 4.57% AER paid monthly (new money only, includes 2.01% gross / 2.03% AER bonus for 12 months, paid to the account on the first anniversary from opening. Lower rate of 4.03% gross / 4.07% AER paid if transferring in.)
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted, minimum withdrawal £1
- Further additions: Permitted, minimum addition £1
- Transfers in: Permitted, accepts Cash ISAs, Stocks & Shares ISAs, Help to Buy ISAs, Lifetime ISAs, Innovative Finance ISAs, and Stocks & Shares LISAs.
- Transfers out: Permitted
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
MBNA – Fixed Saver 1 Year
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“MBNA has increased the rate on its Fixed Saver 1 Year. The boost improves its appeal when compared to other fixed rate bonds with similar terms and now pays an attractive 4.52%. This account may entice those looking to receive guaranteed returns over the next year. Savers will need to deposit at least £1,000 but, adding to its appeal, further additions are permitted for 14 days from account opening via a nominated account. As is common with fixed bonds, savers must be comfortable locking away their cash as no earlier access is permitted, so careful planning is a must. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.52% gross/ 4.52% AER paid on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £750,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: By phone
- Other information: Minimum applicant age 18.
Mortgages
Hinckley & Rugby Building Society – Two-year discounted variable rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Hinckley & Rugby Building Society has added a few two-year discounted variable rate products for remortgage customers to its range. The deal is now priced at 4.34%, with a 2.55% discount, for borrowers with a 25% share. This may be a tempting option for borrowers as the initial pay rate is lower compared to equivalent fixed rate deals, however, as it’s variable this can quickly change and so should be carefully considered. Adding to its appeal, remortgage customers can benefit from a £250 cashback incentive which can help offset some of the already reasonable £800 product fee. Another thing borrowers will need to consider is this deal has a maximum borrowing limit of up to £500,000. On assessment, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.34% discounted variable rate (discount 2.55%) for two years
- Product fee: £800
- Maximum loan-to-value: 75%
- Available to: Remortgage customers
- Incentives: £250 cashback
- Flexible features: Allows overpayments
- Lending area: England, Wales and Scotland.
Buy-to-Let
NatWest – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest change from NatWest sees it increase rates for landlords by 0.28%. One deal to see the rise is the two-year fixed rate at 60% loan-to-value for house purchase customers. The deal now charges 5.21% until 30 June 2028, however, this may still be an enticing option for landlords looking to minimise costs as there are no payable fees and it includes a free valuation incentive. However, this deal is only available online which some may want to consider. When assessed as a whole, this product remains at the top of its sector despite the rise and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.21% fixed rate to 30.6.28
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
Savings
Plum – Plum Cash ISA
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week Plum has increased the rate on its Plum Cash ISA for new money only, maintaining its position as the market-leader when compared to its peers. The account pays 4.57% AER, and savers can invest as little as £1. However, as is the case with many flexible ISAs, savers should note the generous 2.03% AER bonus rate which expires after 12 months, so it’s crucial they review the deal once this expires. This account may be best suited for savers who may need to dip into their deposits frequently as they have unlimited withdrawals without penalty. Investors who wish to transfer into this account should note that they will receive a lower headline rate of 4.07% AER. Overall, this deal takes a position as a Moneyfacts ‘Best Buy’ and earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.53% gross / 4.57% AER paid monthly (new money only, includes 2.01% gross / 2.03% AER bonus for 12 months, paid to the account on the first anniversary from opening. Lower rate of 4.03% gross / 4.07% AER paid if transferring in.)
- Notice / term: None
- Minimum opening amount: £1
- Maximum investment amount: ISA allowance
- Access: Permitted, minimum withdrawal £1
- Further additions: Permitted, minimum addition £1
- Transfers in: Permitted, accepts Cash ISAs, Stocks & Shares ISAs, Help to Buy ISAs, Lifetime ISAs, Innovative Finance ISAs, and Stocks & Shares LISAs.
- Transfers out: Permitted
- Opening account: Via its mobile app
- Managing account: Via its mobile app
- Other information: Minimum applicant age 18. Investors can choose to split their Cash ISA savings across multiple ISAs within Plum’s range.
MBNA – Fixed Saver 1 Year
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“MBNA has increased the rate on its Fixed Saver 1 Year. The boost improves its appeal when compared to other fixed rate bonds with similar terms and now pays an attractive 4.52%. This account may entice those looking to receive guaranteed returns over the next year. Savers will need to deposit at least £1,000 but, adding to its appeal, further additions are permitted for 14 days from account opening via a nominated account. As is common with fixed bonds, savers must be comfortable locking away their cash as no earlier access is permitted, so careful planning is a must. Overall, this deal earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.52% gross/ 4.52% AER paid on maturity
- Notice / term: One year
- Minimum opening amount: £1,000
- Maximum investment amount: £750,000
- Access: Not permitted
- Further additions: Permitted for 14 days from account opening via nominated account
- Opening account: Online
- Managing account: By phone
- Other information: Minimum applicant age 18.
Mortgages
Hinckley & Rugby Building Society – Two-year discounted variable rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Hinckley & Rugby Building Society has added a few two-year discounted variable rate products for remortgage customers to its range. The deal is now priced at 4.34%, with a 2.55% discount, for borrowers with a 25% share. This may be a tempting option for borrowers as the initial pay rate is lower compared to equivalent fixed rate deals, however, as it’s variable this can quickly change and so should be carefully considered. Adding to its appeal, remortgage customers can benefit from a £250 cashback incentive which can help offset some of the already reasonable £800 product fee. Another thing borrowers will need to consider is this deal has a maximum borrowing limit of up to £500,000. On assessment, the deal earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.34% discounted variable rate (discount 2.55%) for two years
- Product fee: £800
- Maximum loan-to-value: 75%
- Available to: Remortgage customers
- Incentives: £250 cashback
- Flexible features: Allows overpayments
- Lending area: England, Wales and Scotland.
Buy-to-Let
NatWest – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“The latest change from NatWest sees it increase rates for landlords by 0.28%. One deal to see the rise is the two-year fixed rate at 60% loan-to-value for house purchase customers. The deal now charges 5.21% until 30 June 2028, however, this may still be an enticing option for landlords looking to minimise costs as there are no payable fees and it includes a free valuation incentive. However, this deal is only available online which some may want to consider. When assessed as a whole, this product remains at the top of its sector despite the rise and earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.21% fixed rate to 30.6.28
- Product fee: None
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland. Online exclusive deal.
