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