Moneyfacts pick of the week

Last updated: 19 June 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.

This week Plum has increased the rate on its Plum Cash ISA. The boost to 4.42% AER sees it take the market-leading position when compared to its peers. While this is an attractive headline rate, it’s only available to new customers and it includes a generous 1.88% AER bonus for 12 months, so it’s crucial savers review their deal once this expires. Savers can invest as little as £1, and further additions are permitted at any time.

This account may be best suited for savers who may need to dip into their deposits frequently as they can make unlimited withdrawals without penalty. However, no interest is paid for the month if savers close the account or transfer out. Overall, this deal takes a position as a Moneyfacts Best Buy and earns an Excellent Moneyfacts product rating.

Isbank has increased the rate on its Meteor Savings – 1 Year Fixed Rate Cash ISA this week to a market-leading 4.75%, which includes a small 0.05% Meteor Boost. Savers can make deposits starting from £1,000, but savers should consider their initial investment carefully as further additions are not permitted. This account is best suited to savers looking to guarantee their tax-free returns over the next year.

While savers can access their cash early, they will lose their interest and will have to close the account, so savers must be comfortable locking away for the full term. Before the account matures it’s important savers give instructions on where their cash should go, otherwise it will return to a Platform hub account.

Nationwide Building Society has reduced most of its fixed rate offerings by up to 0.28%. One deal to see a slightly smaller cut is the five-year fixed rate deal at 85% loan-to-value for homemovers. The deal is now priced at a competitive 4.69%, which takes a prominent position in the Best Buy tables. Borrowers looking to save on upfront costs may find this an appealing option as there are no product fees, and there is a free valuation incentive included.

For qualifying green properties, borrowers could also get up to £500 cashback. Borrowers have the option to make overpayments, which can reduce their overall term, and underpayments are also permitted subject to approval and provided overpayments have been made. Overall, this product becomes a Moneyfacts Best Buy and earns an Outstanding Moneyfacts product rating.

For customers looking to switch their current account provider, HSBC has introduced a new £220 switching incentive this week for those who switch to its Bank Account using the Current Account Switch Service and meet the criteria. Outside the switching offer, the account takes a competitive position as a Best Buy for current accounts with an overdraft as it offers an interest-free arranged overdraft buffer. Customers looking for additional discounts and exclusive offers may be pleased to see that they have dining, leisure and shopping options through HSBC home&Away.

However, it is important to note that there is no credit interest offered on balances, which some may wish to consider. 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.