Moneyfacts pick of the week

Last updated: 20 March 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.

OakNorth Bank has increased the rate on its 24 Month Fixed Term Savings Account and now takes a competitive position in the top charts. The account now pays 4.33% and can be opened with as little as £1 but further additions are permitted for 14 days from account opening, which may add to its appeal.

This deal may be best suited to savers who are confident that they will not need access to their cash over the next two years, as like many fixed bonds, withdrawals are not permitted. Overall, this deal earns an Excellent Moneyfacts product rating.

This week, Lloyds Bank has increased its two- and five-year fixed rates by 0.10% and 0.09% respectively. The two-year offering at 75% loan-to-value for second-time buyers has seen a slightly smaller increase and is now priced at 4.64% until 31 May 2028.

Despite the jump, the deal remains competitive when compared against its peers and maintains its position as a ‘Best Buy’. Adding to its appeal, landlords may also note that they can benefit from having no payable fee, however, there are no additional incentives, which some may wish to consider. On assessment, this deal receives an Excellent Moneyfacts product rating.

The latest update from MBNA Limited sees a reduction to the introductory balance transfer fee to 2.99% on its Long Balance Transfer Credit Card. The deal takes a prominent position in the top charts when compared against its peers and the reduction in fee makes it even cheaper for borrowers to transfer existing debt within the introductory period.

Adding to the card’s appeal, it offers 0% on balance transfers for 36 months, which is among the highest on the market. As always, it is sensible for borrowers to ensure that this deal is suitable for their needs. On assessment, the card earns an Outstanding Moneyfacts product rating.