Last updated: 19 June 2025 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.
LHV Bank has increased the rate on its 1 Year Fixed Rate Bond this week. Now paying 4.50% AER on its maturity, the rise improves its position within the top tables and pays a market-leading rate when compared to its peers.
The deal may appeal to savers searching for a guaranteed return, but it is important for savers to note that earlier access and further additions are not permitted. On assessment, the deal earns an Excellent Moneyfacts product rating.
Last updated: 19/06/2025
This week, Castle Trust Bank has increased the rate on its 1 Year Fixed Rate e-Cash ISA. The account now pays 4.27% AER, which improves its position in the top tables, and could appeal to savers looking to make the most of their tax-free pots. As is the case with many fixed ISA accounts, earlier access is subject to a loss of interest penalty and account closure so withdrawals should be considered carefully.
In more positive news, further additions are permitted for 14 days from the account opening but it is crucial that savers fund their account with a minimum of £1,000 within this period, otherwise no interest payment will be made, and their money will be refunded. On assessment, the account secures an Excellent Moneyfacts product rating.
Last updated: 19/06/2025
This week, Hodge Bank has increased the rate on its 5 Year Fixed Rate Cash ISA, which sees it take the market-leading position. The account pays 4.21% AER on its anniversary but those looking to boost their income may also be pleased to see that there is a monthly interest option available.
This may be an attractive option for savers willing to stash away their cash in the long-term in return for guaranteed pay out. Savers should note that earlier access is subject to a substantial 365 days’ loss of interest, however, further additions can also be made for 14 days from the account opening via a nominated account. On assessment, the deal earns an Excellent Moneyfacts product rating.
Last updated: 19/06/2025
Santander has made several rate reductions of up to 0.22% this week. The two-year option at 85% loan-to-value for second-time buyers has seen a slightly smaller 0.05% cut and is now priced at 4.19% until 2 October 2027.
The deal continues to carry a standard £999 product fee; however, it also comes with a generous incentive package which includes a free valuation and £250 cashback. The combination of these features earns this product an Outstanding Moneyfacts product rating.
Last updated: 19/06/2025
Representative example: £250,000 mortgage over 25 years initially at 4.19% fixed for 27 months reverting to 6.75% variable for term. 27 monthly payments of £1345.96 and 273 monthly payments of £1698.31. Total amount payable £501,253.55 includes loan amount, interest of £249,980, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
The latest update from Monmouthshire Building Society included the repricing of its two-year remortgage fixed rate deal for borrowers with 10% equity. The deal has seen a 0.15% cut and is now priced at 4.45%.
There is a reasonable £999 product fee attached which is offset by its lucrative incentive package which includes a free valuation and free legal fees. This may appeal to borrowers looking to keep remortgaging costs to a minimum. On assessment, this deal earns an Outstanding Moneyfacts product rating.
Last updated: 19/06/2025
Representative example: £210,000 mortgage over 25 years initially at 4.45% fixed for 24 months reverting to 8.14% variable for term. 24 monthly payments of £1161.30 and 276 monthly payments of £1608.41. Total amount payable £473,296.36 includes loan amount, interest of £261,792, valuation fees of £0 and product fees of £999. The overall cost for comparison is 7.7% APRC representative.
The latest update from Marsden Building Society sees it add a new 95% loan-to-value fixed rate to its range. The deal is priced at 4.85% until 30 September 2030 and is available to all borrowers.
Borrowers with a limited deposit or those looking to save on upfront costs may find this an enticing offering as there are no product fees and all borrowers can benefit from a free valuation while remortgage customers can also benefit from free legal fees. When considering the low rate and added benefits this deal earns an Outstanding Moneyfacts product rating.
Last updated: 19/06/2025
Representative example: £250,000 mortgage over 25 years initially at 4.85% fixed for 63 months reverting to 8.69% variable for term. 63 monthly payments of £1439.71 and 237 monthly payments of £1938.45. Total amount payable £550,314.38 includes loan amount, interest of £300,114, valuation fees of £0 and product fees of £0. The overall cost for comparison is 7.2% APRC representative.
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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.
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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.
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.
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.
