Moneyfacts pick of the week

Last updated: 4 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.

This week AlRayan Bank has increased the expected profit rate on its 12 Month Fixed Term Deposit by 0.03%. The account now pays a top 10 rate at 4.35% when compared against its peers, the deal may appeal to savers looking to avoid cuts in the short-term and lock into a competitive rate.

However, as is the case with many fixed bonds, withdrawals and further additions are not permitted so savers must be comfortable with not having any access to their cash for the full duration. Overall, this account receives an Excellent Moneyfacts product rating.

This week, Skipton Building Society has lifted the rates on its entire buy-to-let mortgages, including its variable tracker rates. The two-year variable tracker option has seen a 0.14% hike and is now priced at 4.86% for second-time buyers and remortgage customers.

The deal is available at 60% loan-to-value and landlords will note there is a reasonable £745 product fee, but this is offset by its free valuation incentive, and remortgage customers can also receive free legal fees, which may help save on initial costs. Overall, the deal earns an Excellent Moneyfacts product rating.

The latest update from M&S Bank sees a rate reduction on its Personal Loan for amounts between £20,001 and £25,000. This rate reduction, to 5.9% APR, improves its standing and leads the market, making borrowing between these amounts cheaper.

Adding to its appeal, the loan allows overpayments to be made without an early repayment charge. Overall, the product earns an Outstanding Moneyfacts product rating.