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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

nigel woollsey

Nigel Woollsey

Online Writer
Published: 30/05/2019

Moneyfacts Weekly Product News - 30/05/2019

The Moneyfacts Weekly Product News is a round-up of the latest products or rate changes to hit the consumer finance market over the past seven days. The deals are available right now, but may be subject to change.


Secure Trust Bank

Secure Trust Bank has increased the rate on its 90-day notice account, which now pays 1.91% quarterly. Savers can invest from £1,000 up to a maximum of £1 million. Further additions of at least £1,000 are permitted but early access to funds is not allowed, with 90 days’ notice always having to be served. This deal is for savers aged 18 or over and can be opened online and then managed online or over the phone.

Savers looking for a short-term home for their savings will be delighted by this rate rise (of 0.02%) from Secure Trust Bank. Paying a rate of 1.91%, this deal now sits at the top of the comparison table for notice accounts and earns an Excellent product rating in the process. Savers must be comfortable with their initial deposit, as the specified 90-day notice period must be given to gain access to funds.

Hampshire Trust Bank

Hampshire Trust Bank has launched a new 18-month rate bond, which pays 1.95% on maturity. Savers can invest from £1,000 up to £250,000. Further additions are allowed within 14 days of the account opening but earlier access is not permitted. This account, which for savers aged 18 or older, can be opened online or by post and then also be managed by phone.

Hampshire Trust Bank has launched a highly competitive 18-month fixed rate bond this week. Paying 1.95% on maturity, this deal sits towards the top of its sector and earns an Excellent product rating in the process. While the deal does not permit early access, it does offer savers the ability to top up their initial deposit within the first two weeks of opening the account adding some welcome flexibility.


Post Office Money®

Post Office Money® has reduced selected rates in its range, including its five-year fixed rate mortgage, which is priced at 2.37% to 30.9.24. This deal is all borrowers who wish to borrow from £25,000 at 90% loan-to-value. No product fee is payable and it also includes the incentive of free valuation. This product allows overpayments of up to 10% of the outstanding balance.

This week, Post Office Money® has made several reductions to its fixed rate mortgage range, with its five-year fixed deal reduced to 2.37% (0.05% cut). Unlike other mortgages that may be priced lower in its sector, this package includes a free valuation and charges no product fee. Borrowers with the required 10% deposit will find the package a competitive choice, particularly if they are looking to save on upfront costs and it earns the highest product rating Moneyfacts can award of Outstanding.
Post Office Money’s® lending area includes Scotland.


Santander has reduced the rate on its five-year fixed rate mortgage, which is now priced at 2.34% to 2.9.24. This deal is for first and second-time buyers who wish to borrow up to £550,000 at 85% loan-to-value. No fee is payable and an incentive package of free valuation and £250 cashback is included. This product allows overpayments of up to 10% of the outstanding balance.

Borrowers searching for a competitively priced mortgage with a well-known high street brand will be pleased to find this newly priced deal from Santander. First or second-time buyers with the required deposit of 15% will find its incentive package of free valuation and its £250 cashback highly appealing – perfect for those looking to save on the upfront cost of their deal.
Santander’s lending area includes Scotland.


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. 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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