Moneyfacts pick of the week

Last updated: 1 May 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 LemFi has launched into the UK savings market with its LemFi Instant Access Savings Account. The deal pays a market-leading 5.00% AER on as little as £1. However, it’s important savers note the account will revert to 3.04% AER once the bonus expires after six months, this does not outpace inflation so savers should review the deal to avoid missing out on real returns.

Adding to the account’s appeal, savers can make unlimited withdrawals penalty free via a nominated account, and they can add funds at any time. On assessment, this account receives an Excellent Moneyfacts product rating.

first direct has reduced selected fixed rates for house purchase and remortgage borrowers by up to 0.30% this week. One deal to see a slightly smaller 0.21% cut is the two-year deal at 60% loan-to-value, the reduction is enough to see it enter the ‘Best Buy’ charts and is now priced at a competitive 4.50%.

Borrowers looking to save on upfront costs may be pleased to note the smaller than average £490 fee, but this is also offset by its free valuation incentive. On assessment, this product earns an Outstanding Moneyfacts product rating.

The latest update from TSB sees it reduce selected fixed rate mortgages for landlords. One deal to see a 0.15% cut is the five-year deal at 75% loan-to-value, it is now priced at 4.74% until 31 July 2031.

Despite its large £1,995 fee, the deal sits at the top of its sector, and its free valuation incentive may offset some of the cost which may add to its appeal. Overall, the deal earns an Outstanding Moneyfacts product rating.