Moneyfacts pick of the week

Last updated: 2 October 2025 at 09:20

The Moneyfactscompare.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market, ranging from mortgages to savings accounts. This week I've analysed the following deals, along with their perks.

Scottish Building Society has launched a new variable rate regular savings account this week, which pays a competitive 6.50%. The account grabs a prominent position when compared against its peers and may attract savers who want to build a savings habit.

Savers can deposit a maximum of £250 per month and any unused subscriptions can be made up later. Further adding to the account’s appeal, savers can make unlimited withdrawals throughout the 12-month fixed term. Overall, this receives an Excellent Moneyfacts product rating.

Furness Building Society has repriced several deals in its residential range alongside a handful of new launches. One new offering is a five-year fixed rate deal at 90% loan-to-value which is priced at 4.39%.

Borrowers wishing to save on the upfront cost of their mortgage may find this an enticing deal as it charges a reasonable £999 product fee. This is offset by its lucrative incentive package which includes a free valuation and £250 cashback. Overall, this deal secures an Outstanding Moneyfacts product rating.

HSBC has refreshed its buy-to-let mortgage range with increases across a selection of its products. The five-year deal at 65% loan-to-value has seen a small 0.05% rise and is now priced at 3.89% until 30 November 2030.

Landlords should note that the deal comes with a large £3,999 product fee which is partially offset by a free valuation incentive. Despite the increase in rate, this option remains an appealing option and retains its position at the top of its sector. On assessment, the deal earns an Outstanding Moneyfacts product rating.

The latest update from TSB sees it increase the introductory 0% balance transfer term on its Platinum Balance Transfer Card to 35 months. The card takes a competitive position near the top of its sector and offers one of the longest introductory 0% balance transfer terms on the market, which will appeal to borrowers who need more time to pay off existing debt.

Further adding to its appeal, it also offers 0% on purchases for three months. However, the balance transfer fee remains at 3.49% for the first three months and it is worth noting borrowers can find lower rates elsewhere. As a result, the card earns an Outstanding Moneyfacts product rating.