Savings
Ecology Building Society – Ecology Regular Saver
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Ecology Building Society has launched its new Ecology Regular Saver; this will appeal to savers looking to build a healthy savings habit. The account pays a top 10 rate at 6% 12 months. Savers can make unlimited deposits, provided they don’t breach the maximum £200 monthly investment amount. Those making use of the maximum monthly deposits could find themselves with around £2,400 by the time the term ends, however, it’s crucial savers review their pots after this term as the account reverts to an easy access account, which pays significantly less. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.00% gross / 6.00% AER variable payable on maturity
- Notice / term: 12 months
- Minimum opening amount: £10
- Maximum monthly investment amount: £200
- Access: Permitted, earlier access on account closure only.
- Further additions: Permitted, providing monthly maximum deposit is not exceeded.
- Opening account: Online, by phone, by post and via its mobile app
- Managing account: Online, by phone, by post and via its mobile app
- Other information: Minimum applicant age 18. Reverts into Easy Access after 12 months.
Recognise Bank – 2 Year Fixed Rate Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week, Recognise Bank boosted the rates on its Fixed Rate Accounts. Faring best, the two-year option pays a market-leading rate at 4.86% AER and interest can be paid on its anniversary or monthly, for those wanting to give their salary a pick-me-up. Savers must deposit at least £1,000; however, they should be happy with their initial investment as further additions aren’t permitted. As is the case with most fixed rate accounts, earlier access is not permitted so investors should be confident they won’t need the cash before committing to the two-year term. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.86% gross / 4.86% AER payable on anniversary / monthly interest option of 4.75% gross / 4.86% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online and by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
first direct – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“first direct is among a handful of lenders to increase fixed rates this week. The two-year option at 60% loan-to-value, which was previously the lowest deal on the market, has seen a 0.27% jump to 4.59%. Despite this, its low product fee and free valuation incentive still makes this an attractive option for borrowers and retains its position as a Best Buy. On assessment, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Accord Mortgages – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Accord Mortgages has reduced its fixed rate for landlords at 80% loan-to-value by 0.10%. The five-year option has seen this cut and is now priced at 5.50% until 31 October 2031. While there is a £995 product fee, this is quickly offset by the deal’s free valuation and £250 cashback incentive, making it an ideal option for landlords looking to save on upfront costs. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.50% fixed rate until 31.10.31
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers via selected intermediaries
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
Savings
Ecology Building Society – Ecology Regular Saver
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Ecology Building Society has launched its new Ecology Regular Saver; this will appeal to savers looking to build a healthy savings habit. The account pays a top 10 rate at 6% 12 months. Savers can make unlimited deposits, provided they don’t breach the maximum £200 monthly investment amount. Those making use of the maximum monthly deposits could find themselves with around £2,400 by the time the term ends, however, it’s crucial savers review their pots after this term as the account reverts to an easy access account, which pays significantly less. Overall, this receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 6.00% gross / 6.00% AER variable payable on maturity
- Notice / term: 12 months
- Minimum opening amount: £10
- Maximum monthly investment amount: £200
- Access: Permitted, earlier access on account closure only.
- Further additions: Permitted, providing monthly maximum deposit is not exceeded.
- Opening account: Online, by phone, by post and via its mobile app
- Managing account: Online, by phone, by post and via its mobile app
- Other information: Minimum applicant age 18. Reverts into Easy Access after 12 months.
Recognise Bank – 2 Year Fixed Rate Account
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“This week, Recognise Bank boosted the rates on its Fixed Rate Accounts. Faring best, the two-year option pays a market-leading rate at 4.86% AER and interest can be paid on its anniversary or monthly, for those wanting to give their salary a pick-me-up. Savers must deposit at least £1,000; however, they should be happy with their initial investment as further additions aren’t permitted. As is the case with most fixed rate accounts, earlier access is not permitted so investors should be confident they won’t need the cash before committing to the two-year term. On assessment, the account receives an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.86% gross / 4.86% AER payable on anniversary / monthly interest option of 4.75% gross / 4.86% AER also available
- Notice / term: Two years
- Minimum opening amount: £1,000
- Maximum investment amount: £250,000
- Access: Not permitted
- Further additions: Not permitted
- Opening account: Online
- Managing account: Online and by telephone
- Other information: Minimum applicant age 18. Joint account option available.
Mortgages
first direct – Two-year fixed rate mortgage, 60% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“first direct is among a handful of lenders to increase fixed rates this week. The two-year option at 60% loan-to-value, which was previously the lowest deal on the market, has seen a 0.27% jump to 4.59%. Despite this, its low product fee and free valuation incentive still makes this an attractive option for borrowers and retains its position as a Best Buy. On assessment, this product earns an Excellent Moneyfacts product rating.”
Key product details:
- Rate: 4.59% fixed rate for two years
- Product fee: £490
- Maximum loan-to-value: 60%
- Available to: House purchase customers
- Incentives: Free valuation
- Flexible features: Allows overpayments
- Lending area: Great Britain and Northern Ireland.
Buy-to-let
Accord Mortgages – Five-year fixed rate mortgage, 80% loan-to-value
Commenting on the deal, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, said:
“Accord Mortgages has reduced its fixed rate for landlords at 80% loan-to-value by 0.10%. The five-year option has seen this cut and is now priced at 5.50% until 31 October 2031. While there is a £995 product fee, this is quickly offset by the deal’s free valuation and £250 cashback incentive, making it an ideal option for landlords looking to save on upfront costs. Overall, this product earns an Outstanding Moneyfacts product rating.”
Key product details:
- Rate: 5.50% fixed rate until 31.10.31
- Product fee: £995
- Maximum loan-to-value: 80%
- Available to: Second-time buyers via selected intermediaries
- Incentives: Free valuation and £250 cashback
- Flexible features: Allows overpayments
- Lending area: Great Britain.
