Moneyfacts pick of the week

• Rate: 4.32% gross / 4.32% AER payable an anniversary (including a 0.57% AER bonus for 12 months)
• Notice / term: None
• Minimum opening amount: £1
• Maximum investment amount: ISA allowance
• Access: Permitted, no interest paid if account is closed or transferred out before the first anniversary
• Further additions: Permitted
• Transfers in: Not permitted
• Transfers out: Permitted, no interest paid if account is closed or transferred out before the first anniversary
• Opening account: Via its mobile app
• Managing account: Via its mobile app
• Other information: Minimum applicant age 18. Operated by ClearBank. Investors have the choice between holding a fee-free Chip subscription or paying a £4.99 fee per 28-days for a ChipX subscription. Flexible ISA rules apply.

• Rate: 4.49% fixed until 31 July 2031 before reverting to 6.24%
• APRC: 5.7%
• Product fee: £999
• Maximum loan-to-value: 60%
• Available to: Second-time buyers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

_{Representative Example: £250,000 mortgage over 25 years initially at 4.49% fixed for 62 months reverting to 6.24% variable for term. 62 monthly payments of £1388.16 and 238 monthly payments of £1602.37. Total amount payable £468,573.98 includes loan amount, interest of £217,430, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.7% APRC representative.}

• Rate: 4.94% fixed until 31 July 2028 before reverting to 7.25%
• APRC: 7.1%
• Product fee: None
• Maximum loan-to-value: 60%
• Available to: Second-time buyers
• Incentives: Free valuation
• Flexible features: Allows overpayments
• Lending area: Great Britain and Northern Ireland.

_{Representative Example: £170,000 mortgage over 25 years initially at 4.94% fixed for 26 months reverting to 7.25% variable for term. 26 monthly payments of £699.83 and 274 monthly payments of £1027.08. Total amount payable £469,760.50 includes loan amount, interest of £299,616, valuation fees of £0 and product fees of £0. The overall cost for comparison is 7.1% APRC representative.}

• Credit interest / reward: £5 per month
• 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. £200 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 back in Rewards per month by making a minimum of two direct debit payments of at least £2 each. Earn an additional £1 back in Rewards by logging into mobile banking app every month. Once five 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.

_{Representative Example: Based on an overdraft limit of £1200 charged at 39.49% EAR Variable. Representative 39.5% APR variable.}