Moneyfacts pick of the week

Last updated: 31 July 2026 at 09:15

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.

Climbing its way to the top Best Buy spot, this week Atom Bank has increased the rate on its 5-Year Fixed Saver to a market-leading 5%. The deal can be opened with as little as £50, however, further additions can be made for seven days from the account opening which may boost its appeal for some.

As is the case with many fixed bonds, earlier access is not permitted meaning savers should be comfortable locking away their cash for the full term before committing. Savers looking to guarantee their returns will be pleased to see the return of 5% fixed bonds. On assessment, this account receives an Excellent Moneyfacts product rating.

Oxbury Bank has launched a new Easy Access Summer Account this week, taking a competitive position as a Best Buy. The account pays an inflation-busting 4.22% AER, and as interest is paid monthly this may appeal to savers looking to give a boost to their income.

While savers must deposit at least £1,000, they can benefit from unlimited penalty-free withdrawals as well as making further additions at any time, however, all transactions must be made via a nominated account. This account suits anyone searching for maximum flexibility. Overall, the deal earns an Excellent Moneyfacts product rating and is a Moneyfacts Best Buy.

Among the many lenders to increase fixed rates this week, Santander has made rises of up to 0.19% across its range. One deal to see a slightly smaller rise is the 10-year fixed rate option at 90% loan-to-value which is now priced at 5.74% until 2 November 2036.

Despite the rise, this deal remains an Outstanding option for borrowers, particularly to those with smaller deposits. As part of the package, borrowers can benefit from an attractive incentive package, which includes a free valuation and £250 cashback, offsetting its £999 fee. The longer term may give borrowers much-needed peace of mind and may be an ideal option for those prioritising stability. On assessment this deal earns an Outstanding Moneyfacts product rating and a position as a Moneyfacts Best Buy.

HSBC has increased a selection of its fixed deals by up to 0.14% this week. The two-year deal at 75% loan-to-value has seen a slightly lower rise of 0.11% to 4.70%. Despite the increase in rate, this deal continues to take a prominent position as a Best Buy and is an enticing option for landlords thanks to its free valuation incentive, which offsets the £1,999 fee. Overall, the deal earns an Excellent Moneyfacts Product Rating.