Moneyfacts pick of the week

Last updated: 11 September 2025 at 09:25

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.

JN Bank has increased the rates on a range of its Fixed Term Savings Accounts, including its two-year option. The account now pays 4.43%, which takes the market-leading position when compared to its peers. Savers can invest as little as £100.

As is the case with many fixed term accounts, earlier access is not permitted, so savers must be comfortable not having any access to their cash for the full term. In more positive news, consumers can make 11 additional payments after initial funding for 14 days from the account opening. On assessment, the account earns an Excellent Moneyfacts product rating.

For customers looking to switch their current account provider, The Co-operative Bank has relaunched its switching incentive this week on the Current Account and Everyday Extra Current Account. Customers who switch using the CASS (Current Account Switch Service) will now receive £100, plus an additional £25 a month for up to three months when meeting certain criteria.

Current Account holders also have exclusive access to a 7% AER Regular Saver. However, neither account pays any credit interest, which customers may wish to consider. The Everyday Extra account could also get three months’ free access to travel insurance, breakdown cover and mobile phone insurance, bringing the total reward value to £229. As is the case when switching to any account, customers will need to assess all the benefits and charges to ensure it’s the right choice for them. Overall, the account earns an Excellent Moneyfacts product rating.

The latest update from Novuna Personal Finance sees it reduce the rates on selected tiers of its Unsecured Personal Loan, including the £7,500 to £25,000 tier. The deal takes a competitive position against its peers and now charges 6.1% APR. Although lower rates are available, this deal may stand out to some as the loan allows overpayments to be made without incurring an early repayment charge, unlike others. Overall, the product earns an Outstanding Moneyfacts product rating.