Moneyfacts pick of the week

Last updated: 18 December 2025 at 09:10

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.

Kent Reliance has boosted the rates on a selection of its saving accounts this week, including its one-year bond, which is now paying a market-leading 4.51% AER.

Savers will need at least £1,000 to tuck away to open an account and should note that additions can be made for 14 days from account opening. However, once the money is locked away it cannot be withdrawn until the 12 months are up.

Hampshire Trust Bank has increased the rate on its 5 Year Online Fixed Saver, now paying a market-leading 4.31% AER compared to other fixed bonds with similar terms currently available. Recent Moneyfacts analysis found that the average Stocks & Shares ISA has delivered an annual average return of 6.79% over the last 15 years but returns can be volatile year-on-year.

This account is a good option for anyone looking to lock their money away for a few years and benefit from risk-free guaranteed returns. Savers should also note that further additions can be made for 14 days from account opening via a nominated account.

This week Union Bank of India increased the rate on its 1 Year Fixed Rate Deposit to 4.45% AER, taking a place within the top 10 when compared to other fixed bonds currently available in the market.

The bank also offers a 0.10% loyalty bonus offered to existing Fixed Rate Deposit holders if they choose to reinvest into another Fixed Rate Deposit at maturity. However, earlier access or additions are not permitted on the bonds.

Barclays Mortgage has reduced the rate on its three-year offering at 75% loan-to-value for remortgage borrowers by 0.17%, and it is now priced at 3.86%.

While a fee of £999 is required, incentives include a free valuation and free legal fees or £350 cashback, meaning that it sits at the top of its part of the market.”