Last updated: 3 July 2025 at 09:20
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.
The latest update from Plum has seen it increase the rate on the £100 tier of its Plum Cash ISA. The account retains a competitive position in the market when compared to its peers and now pays 4.95% AER, which includes a 1.66% AER bonus for the first 12 months, so savers may need to review their rate once this expires.
Savers can invest as little as £1 but they should keep in mind that they will not receive the headline rate at this level. But, to add to the account’s appeal, interest is paid monthly which is good news for consumers looking to boost their income. Savers only have a handful of penalty-free withdrawals and once they reach four or more the rate will drop to 3.29% AER. Overall, this deal earns an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
Vanquis Bank has increased the rate on a handful of its savings products this week, including the one-year option of its Vanquis Bank Savings account. Now paying 4.52% AER on the account’s anniversary, the deal takes a competitive position in the one-year fixed bond market; there is also a monthly interest option available.
Savers will need to invest a minimum of £1,000 and this may attract those looking for a guaranteed return but, like many fixed bonds, withdrawals are not permitted. Working in the account’s favour, investors can make further additions for 30 days from account opening and within five working days of the initial deposit being made via a nominated account. On assessment, this account receives an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
Newcastle Building Society has changed the issue number on its 6 Month Variable Saver, but the rate remains unchanged at a competitive 4.40% AER on maturity, however, there is a monthly interest option also available.
Savers can invest as little as £1, and the account may appeal to those looking for flexibility as withdrawals and further additions are permitted. It is worth noting that on 11 February 2026 the Variable Saver matures into a loyalty saver account. Overall, the account secures an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
AlRayan Bank has increased the expected profit rate on its Educate A Child International 36 Month Fixed Term Deposit this week. It now takes a competitive position when compared against other three-year bonds, paying an expected profit rate of 4.30% AER on maturity or there is a quarterly option available.
Savers must be comfortable locking away their cash for the full term and they should also consider their initial deposit carefully as further additions are not permitted. There is an added feel-good factor as a 0.10% donation is made to Educate A Child International based on the account’s balance. Overall, this account receives an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
Marsden Building Society has increased the rate on the two-year option of its Fixed Rate Cash ISA this week, paying 4.30% AER which sees it take the market-leading position. Savers will need to deposit at least £5,000 but further additions can be made for 14 days from the account opening, which may be a bonus for some.
As is the case with many fixed cash ISAs access and transfers out are permitted but they will be subject to a 270 days’ loss of interest penalty and account closure. Overall, the account earns an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
This week, Barclays Mortgage has reduced several fixed rates within its range by up to 0.18%. One deal to see a slightly smaller cut is the five-year option at 60% loan-to-value for remortgage customers. Following a 0.10% reduction it falls below 4% and now charges 3.93% until 30 September 2030.
Borrowers looking to keep their remortgaging costs low may be pleased to see that this deal comes with an appealing incentive package which includes a free valuation and the choice between free legal fees or £350 cashback. There is a reasonable £999 product fee attached which can be paid upfront or added to the advance. Overall, this deal becomes the lowest on rate alone for remortgages and earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: £210,000 mortgage over 25 years initially at 3.93% fixed for 62 months reverting to 6.24% variable for term. 62 monthly payments of £1100.36 and 238 monthly payments of £1332.56. Total amount payable £386,830.60 includes loan amount, interest of £175,372, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.4% APRC representative.
Nationwide Building Society has reduced selected fixed rate mortgages this week by up to 0.20%. One deal to see a smaller 0.12% cut is the two-year fixed rate deal at 80% loan-to-value for second-time buyers, which is now priced at 4.10%.
The deal includes an attractive incentive package of a free valuation as well as a Green Reward. The mortgage has a reasonable £999 product fee attached which can be added to the advance, so those looking to save on the upfront cost of their deal may find the package appealing. Overall, this product earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: £250,000 mortgage over 25 years initially at 4.10% fixed for 24 months reverting to 6.99% variable for term. 24 monthly payments of £1333.44 and 276 monthly payments of £1735.97. Total amount payable £512,179.28 includes loan amount, interest of £261,130, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
NatWest has refreshed its buy-to-let range with reductions across most of its products. The two-year deal at 60% loan-to-value for house purchase customers has been cut by 0.06% and is now priced at 4.11% until 30 September 2027.
The offer continues to carry a £995 arrangement fee, but this is offset by a free valuation incentive. On assessment, this deal earns an Excellent Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: £170,000 mortgage over 25 years initially at 4.11% fixed for 26 months reverting to 7.24% variable for term. 26 monthly payments of £582.25 and 274 monthly payments of £1025.67. Total amount payable £467,217.08 includes loan amount, interest of £296,172, valuation fees of £0 and product fees of £995. The overall cost for comparison is 7.0% APRC representative.
In the latest mortgage update, Principality Building Society has made several changes to its buy-to-let range including end date extensions and rate cuts. The five-year option at 60% loan-to-value has seen a 0.12% cut and is now priced at 4.13% until 31 October 2030.
Landlords should be aware that there is a larger than average £1,395 product fee which is partially offset by a free valuation incentive. Overall, this deal earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: £170,000 mortgage over 25 years initially at 4.13% fixed for 63 months reverting to 6.92% variable for term. 63 monthly payments of £585.08 and 237 monthly payments of £980.33. Total amount payable £440,708.25 includes loan amount, interest of £269,198, valuation fees of £0 and product fees of £1395. The overall cost for comparison is 6.2% APRC representative.
The latest update from Lloyds Bank sees it add a new switching incentive to its Club Lloyds current accounts. Consumers who switch to the Club Lloyds account before 28 July using the Current Account Switch Service (CASS) will receive £185 cashback following certain conditions. The account offers some enticing benefits which allow customers to choose one lifestyle benefit each year, ranging from a 12-month Disney+ subscription to cinema tickets.
In addition, they can earn up to 15% cashback from selected retailers. Although this account comes with a £5 monthly fee, this is waived if the account if credited with at least £2,000 each month. To add to its appeal, there is a £100 interest-free buffer on arranged overdrafts, and it is also interest-free for the first three months on switched accounts. Overall, the account earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: Based on an overdraft limit of £1200. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 29.90% EAR Variable. Representative 33.2% APR variable.
This week, Virgin Money has increased the introductory balance transfer term on the newly named 33 Month Balance Transfer Credit Card. The deal now offers one of the longest interest-free balance transfer periods on the market, making it ideal for borrowers with existing debt, and for the first three months they can transfer their debt at 2.99%.
Adding to its appeal, the card also offers 0% introductory rate for purchases for the first three months. Customers can enjoy exclusive offers and rewards on the Virgin Red app, which enhances its overall appeal. Overall, the card earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: Based on a credit limit of £1200.00 charged at 24.9% variable per annum for purchases. Representative 24.9% APR variable.
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 now charges 5.9% APR, meaning this option becomes one of the cheapest on the market.
To add to its appeal, the loan allows overpayments to be made without incurring an early repayment charge. Overall, the product earns an Outstanding Moneyfacts product rating.
Last updated: 03/07/2025
Representative example: Based on a loan of £7,500 at 5.90% per annum fixed. Representative 5.9% APR. Total amount repayable £8,646.60 at £144.11 per month for 60 months.
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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
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