Overview
- Moneyfactscompare.co.uk’s Pick of the Week, published Friday, May 22, highlighted a string of product updates and best‑buy listings across savings, mortgages, current accounts, credit cards and personal loans.
- Vanquis Bank moved to the top of the fixed Cash ISA tables by raising its one‑year Fixed Rate Cash ISA to 4.66% AER, with a £1,000 minimum and limited early‑access options that can cut interest.
- first direct increased its Current Account Switch Service (CASS) switching incentive to £200 for new 1st Account customers and continues to offer a £250 interest‑free overdraft buffer that triggers high fees if exceeded.
- Retail lenders refreshed borrowing prices this week: Barclays relaunched a two‑year tracker for 60% loan‑to‑value at 4.06%, Leeds Building Society cut a five‑year buy‑to‑let 60% LTV fixed to 4.67%, and Santander cut a personal‑loan tier to 6.1% APR.
- CACI analysis shows about £146 billion sits in 62 million savings accounts paying under 3%, so savers could boost returns by switching but must check product fees, access penalties and eligibility before moving money.