Savings
GB Bank – 5 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside increasing the rate on its 6 Month Bond, GB Bank has launched a new 5 Year Fixed Rate Bond to its range. The five-year deal takes a competitive position in the top tables, paying 4.77% AER on its anniversary, however, there is also a monthly option available. To receive the headline rate, savers will need to invest at least £1,000 and while further additions are permitted, they only have 21 days to do so. As is the case with most fixed bonds, withdrawals aren’t permitted, so its crucial investors are confident that they won’t need to access their cash for the full term. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.77% gross / 4.77% AER payable on anniversary, monthly interest option of 4.67% gross / 4.77% AER
- Notice / term: Five years
- Minimum opening amount: £1,000
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted, for 21 days from account opening
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available.
The Stafford Building Society – Cash ISA Double Access
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week The Stafford Building Society launched a new Cash ISA Double Access account. The ISA pays an attractive 4.36% and takes a prominent position as a Best Buy when compared to its peers. However, as the name suggests, savers are limited to the number of penalty free withdrawals they can make per society year before their account is switched into a Cash ISA which pays significantly less. Savers will need to invest at least £1,000, which must be new money to the institution, but adding to its appeal, savers have the flexibility to make further additions at any time. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.36% gross / 4.36% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £450,000
- Access: Permitted, up to two withdrawals, minimum £10, per society year (1 November – 31 October).
- Reverts into Cash ISA after three withdrawals per society year.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, up to two withdrawals, minimum £10, per society year (1 November – 31 October). Reverts into Cash ISA after three withdrawals per society year.
- Opening account: Online, by post and in branch
- Managing account: Online, by post and in branch
- Other information: Minimum applicant age 18. New money to the institution. Investors can choose to split their Cash ISA savings across multiple ISAs within The Stafford’s range.
Mortgages
Santander – Two-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Santander has made a variety of changes to its residential range, including new remortgage only fixed rates alongside reductions to their fixed and variable rates. One deal that fares best is the two-year fixed rate offering at 90% loan-to-value for home movers. The deal has seen a 0.09% cut and is now priced at 4.69% until 2 October 2028. This may be an attractive option for borrowers with a limited deposit and looking to save on upfront costs because while there is an already reasonable £999 fee, this is quickly offset by its enticing incentive package which includes a free valuation and £250 cashback. The reduction secures the deal a competitive position as a Moneyfacts Best Buy and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.69% fixed rate to 2.10.28
- 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 – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“HSBC has reduced a selection of its fixed deals by up to 0.16% this week. The five-year deal at 75% loan-to-value has seen a slightly smaller cut to 4.48%. Already a competitive option, the drop strengthens its standing as a Best Buy. However, its important landlords look beyond the headline rate as this deal carries a large £3,999 fee, which is only partially offset by its free valuation incentive. Overall, the deal earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.48% fixed rate to 31.10.31
- Product fee: £3,999
- 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
GB Bank – 5 Year Fixed Rate Bond
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Alongside increasing the rate on its 6 Month Bond, GB Bank has launched a new 5 Year Fixed Rate Bond to its range. The five-year deal takes a competitive position in the top tables, paying 4.77% AER on its anniversary, however, there is also a monthly option available. To receive the headline rate, savers will need to invest at least £1,000 and while further additions are permitted, they only have 21 days to do so. As is the case with most fixed bonds, withdrawals aren’t permitted, so its crucial investors are confident that they won’t need to access their cash for the full term. On assessment, this account earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.77% gross / 4.77% AER payable on anniversary, monthly interest option of 4.67% gross / 4.77% AER
- Notice / term: Five years
- Minimum opening amount: £1,000
- Maximum investment amount: £100,000
- Access: Not permitted
- Further additions: Permitted, for 21 days from account opening
- Opening account: Online
- Managing account: Online and via its mobile app
- Other information: Minimum applicant age 18. Joint account option available.
The Stafford Building Society – Cash ISA Double Access
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week The Stafford Building Society launched a new Cash ISA Double Access account. The ISA pays an attractive 4.36% and takes a prominent position as a Best Buy when compared to its peers. However, as the name suggests, savers are limited to the number of penalty free withdrawals they can make per society year before their account is switched into a Cash ISA which pays significantly less. Savers will need to invest at least £1,000, which must be new money to the institution, but adding to its appeal, savers have the flexibility to make further additions at any time. On assessment, the account secures an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.36% gross / 4.36% AER payable yearly
- Notice / term: None
- Minimum opening amount: £1,000
- Maximum investment amount: £450,000
- Access: Permitted, up to two withdrawals, minimum £10, per society year (1 November – 31 October).
- Reverts into Cash ISA after three withdrawals per society year.
- Further additions: Permitted
- Transfers in: Permitted. Accepts Cash ISAs
- Transfers out: Permitted, up to two withdrawals, minimum £10, per society year (1 November – 31 October). Reverts into Cash ISA after three withdrawals per society year.
- Opening account: Online, by post and in branch
- Managing account: Online, by post and in branch
- Other information: Minimum applicant age 18. New money to the institution. Investors can choose to split their Cash ISA savings across multiple ISAs within The Stafford’s range.
Mortgages
Santander – Two-year fixed rate mortgage, 90% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Santander has made a variety of changes to its residential range, including new remortgage only fixed rates alongside reductions to their fixed and variable rates. One deal that fares best is the two-year fixed rate offering at 90% loan-to-value for home movers. The deal has seen a 0.09% cut and is now priced at 4.69% until 2 October 2028. This may be an attractive option for borrowers with a limited deposit and looking to save on upfront costs because while there is an already reasonable £999 fee, this is quickly offset by its enticing incentive package which includes a free valuation and £250 cashback. The reduction secures the deal a competitive position as a Moneyfacts Best Buy and an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 4.69% fixed rate to 2.10.28
- 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 – Five-year fixed rate mortgage, 75% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“HSBC has reduced a selection of its fixed deals by up to 0.16% this week. The five-year deal at 75% loan-to-value has seen a slightly smaller cut to 4.48%. Already a competitive option, the drop strengthens its standing as a Best Buy. However, its important landlords look beyond the headline rate as this deal carries a large £3,999 fee, which is only partially offset by its free valuation incentive. Overall, the deal earns an Outstanding Moneyfacts Product Rating.”
Key product details:
- Rate: 4.48% fixed rate to 31.10.31
- Product fee: £3,999
- Maximum loan-to-value: 75%
- Available to: Second-time buyers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
