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Caitlyn Eastell

Press & PR Executive
Published: 09/10/2025
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Last updated: 9 October 2025 at 09:30

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.

Savings

LHV Bank

LHV Bank has increased the rate on its 1 Year Fixed Rate Bond this week and now pays 4.45%. The rise sees it take a position as a market-leader.

Savers looking for a guaranteed return in the short-term may find this an appealing option, but as is common with a fixed rate bond, earlier access and further additions are not permitted. On assessment, the deal earns an Excellent Moneyfacts product rating.

 

Last updated: 09/10/2025

  • LHV Bank – 1 Year Fixed Rate Bond
    • Rate: 4.45% gross / 4.45% payable on maturity
    • Notice / term: One year
    • Minimum opening amount: £1,000
    • Maximum investment amount: £1 million
    • Access: Not permitted
    • Further additions: Not permitted
    • Opening account: Via its mobile app
    • Managing account: Via its mobile app
    • Other information: Minimum applicant age 18.

Buy-to-Let

Skipton Building Society

This week, Skipton Building Society has made reductions across most of its range for landlords. The two-year variable tracker option for second-time buyers and remortgage customers has seen a small 0.02% cut and is now priced at 4.59%.

The deal is available at 60% loan-to-value and landlords will note there is a reasonable £745 product fee. However, this is offset by its free valuation incentive, and remortgage customers can also receive free legal fees, which may help save on initial costs. Overall, the deal earns an Excellent Moneyfacts product rating.

 

Last updated: 09/10/2025

  • Skipton Building Society – Two-year variable tracker rate mortgage, 60% loan-to-value
    • Rate: 4.59% Variable (collared at 3.00%) for two years before reverting to 6.54%
    • APRC: 6.5%
    • Product fee: £745
    • Maximum loan-to-value: 60%
    • Available to: Second-time buyers and remortgage customers
    • Incentives: Free valuation for all borrowers and free legal fees for remortgage customers
    • Flexible features: Allows overpayments
    • Lending area: Great Britain.

    Representative example: £170,000 mortgage over 25 years initially at a tracker rate of 4.59% variable for 24 months reverting to 6.54% variable for term. 24 monthly payments of £650.25 and 276 monthly payments of £926.50. Total amount payable £442,196.00 includes loan amount, interest of £271,320, valuation fees of £26 and product fees of £745. The overall cost for comparison is 6.5% APRC representative.

Banking

Barclays Bank

Consumers searching for a new banking provider may be pleased to see that the latest update from Barclays Bank sees it add a new switching incentive to its Bank Account and Premier Bank Account. Customers who switch to the Bank Account using the Current Account Switch Service (CASS) and sign up to Blue Rewards for £5 per month, will receive £200 cashback following certain eligibility conditions.

Further adding to its appeal, there is a £15 interest-free buffer on arranged overdrafts. Consumers can benefit from a range of subscriptions, plus get access to exclusive savings accounts. Overall, the account earns an Excellent Moneyfacts product rating.

 

Last updated: 09/10/2025

  • Barclays Bank – Bank Account
    • Credit interest / reward: None
    • Cashback on debit card purchases: None
    • Account fee: None
    • Arranged overdraft: 35.00% EAR, plus £15 interest-free buffer.
    • Opening account: Online, in branch, or via its mobile app
    • Managing account: Online, by phone, in branch, via its mobile app, by post, at the Post Office and text alerts
    • Other information: Minimum applicant age 18. Eligible for Barclays Blue Rewards. Eligibility criteria applies: £5pm charge, £800pm funding, must be registered for mobile banking. Exclusive access to members only savings accounts & earn cashback with Barclays Cashback partners. Subscription to Apple TV+ worth £8.99 pm plus MLS Season Pass worth £14.99 pm. £200 for accounts opened and switched using the Current Account Switch Service via the Barclays app. Have a minimum of two Direct Debits, deposit £2,000 into the account and join Barclays Blue Rewards by 27 November 2025. T&Cs apply.

    Representative example: Based on an overdraft limit of £1200. Up to £15.00 charged at 0.00% EAR Variable. Over £15.00 charged at 35.00% EAR Variable. Representative 35.0% APR variable.

Cards

Santander

The latest update from Santander sees an increase to the introductory balance term on its Everyday Long Term Balance Transfer Credit Card to 34 months. In addition, Santander also reduced the balance transfer fee to 3.15%. With these changes, it offers one of the most competitive balance transfer terms on the market and takes a prominent position in the market when compared against its peers.

This card will likely be an attractive option for borrowers looking to transfer existing balances interest-free over a longer period. Further adding to its appeal, the card also offers 0% on purchases for three months in addition to offering a range of perks through Santander Boosts. On assessment, the card earns an Outstanding Moneyfacts product rating.

 

Last updated: 09/10/2025

  • Santander – Everyday Long Term Balance Transfer Credit Card Mastercard
    • Introductory rate for purchases: 0% for three months
    • Introductory rate for balance transfers: 0% for 34 months
    • Standard rate for purchases: 24.9% APR
    • Balance transfer fee: 3.15%, minimum £5 fee, as an introductory charge during the introductory transfer period, falling to 3% (£5 min) thereafter
    • Card fee: None
    • Opening method: Online and in branch
    • Card management: Online, by phone, by post, in branch and via its mobile app
    • Other information: Minimum age 18. Minimum income £10,500. Sign up for Santander Boosts to receive cashback, vouchers, offers and prize draws from selected retailers. Customer must be signed to online and mobile banking to qualify.

    Representative example: Based on a credit limit of £1200.00 charged at 24.9% variable per annum for purchases. Representative 24.9% APR variable.

Loans

M&S Bank

This week M&S Bank has reduced the rate on a selection of tiers on its Personal Loan, including the £7,500 to £25,000 tier. This rate reduction to 5.8% APR sees it hold the market-leading position and will make borrowing within these amounts cheaper for customers. Adding to its appeal, the loan allows overpayments to be made without an early repayment charge. Overall, the product earns an Outstanding Moneyfacts product rating.

 

Last updated: 09/10/2025

  • M&S Bank – Unsecured Personal Loan
    • Representative APR: 5.8%
    • Loan period: Rate shown is based on a term of 60 months for a £7,500 borrowing
    • Application available: Online and by phone
    • Other information: Minimum age 18. Minimum Applicant Income £10,000 per year. You may be offered an alternative APR dependent on credit rating.

    Representative example: Based on a loan of £7,500 at 5.80% per annum fixed. Representative 5.8% APR. Total amount repayable £8,626.80 at £143.78 per month for 60 months.

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Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.