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Moneyfacts.co.uk always aims to give consumers access to the best deals in the market at any given time.
All products listed by Moneyfacts are considered when we put our best buy charts together; we are totally independent and choose products to appeal to the majority of consumers. Because of this we do not include products that are not generally available or are restricted either to a specific group of customers such as people who live in a specific area or where access may be limited such as intermediary only products.
For products where applications are dependent on credit score, or where no more than one product can be held by an individual we will limit the number of times the provider can appear in the chart.
The product must also be easy to explain in the space available so we can’t always cover complicated bonuses or conditions.
Products that do fall outside our best buy criteria are still included in our product searches.
Savings Charts Criteria
In addition to products being open to everyone they must also not be dependent on the opening of additional products that require funding or charge a fee.
We include accounts that have a minimum opening balance of £25,000 or under and allow at least 1 penalty free withdrawal per annum.
To enable consumers to compare products with different interest payment frequencies or those that include an introductory bonus on a like for like basis, all rates are shown as AER.
Offshore Charts Criteria
Products must be open to UK residents and not be dependent on the opening of additional products that require funding or charge a fee.
We include accounts that have a minimum opening balance of £100,000, $100,000, €100,000 or under and allow at least 1 penalty free withdrawal per annum.
Credit Card Chart Criteria
For each of the credit card charts we will firstly rate the card on the feature applicable to that best buy category, and then look at the other aspects of the card to choose the best cards of that type.
Our charts are broken down for each individual type of customer. For those looking to spend we have 0% introductory deals and low purchase rates and those looking. Customers looking for a balance transfer will also find a suitable selection. We have two charts for those who will benefit from an incentive – our cashback and reward charts. For those who travel abroad and wish to keep costs to a minimum we have selections which list the rates available from lowest to highest.
Personal Loan Criteria
These charts show the lowest repayments available at the shown tier and repayment term.
Current Accounts
The current account charts show the best deals available should you either operate your account in credit or make full use of an overdraft facility. Credit interest payable at a balance of £1 is used for the current account selection and for overdrafts the lowest rate payable for an authorised overdraft.
Business Current Accounts
Products must be open to all companies or firms, those accounts open to specific businesses or those within a local area are not included in our selections.
Accounts are selected for the credit rate of interest paid at a variety of tiers rather than for their fees and charges.
Business Deposit Accounts
Products must be open to all companies and firms, those accounts open to specific businesses or those within a local area are not included in our selections.
