Our pick of the best buy savings, mortgage and credit card deals


Interest rates are tipped to rise next month and banks have got their best foot forward with a new wave of new eye-catching deals.

With this in mind, this week our top picks include best-buy fixed rate mortgages, a savings deal that tracks the base rate and the best credit cards to take abroad with you.

Save money, make money: This is Money has selected six best buy financial deals that deserve your attention this week

Save money, make money: This is Money has selected six best buy financial deals that deserve your attention this week

Save money, make money: This is Money has selected six best buy financial deals that deserve your attention this week

RCI Freedom Savings Account 

The top of This is Money’s independent savings tables has been a revolving door in recent weeks. In recent weeks three new best buy accounts have launched,  Birmingham Midshires at 1.35 per cent, Bank of Cyrpus UK at 1.34 per cent and the Post Office at 1.33 per cent.  

All four come with a temporary bonus which last for a year, so they won’t be the best pick for those unlikely to switch again after a year.

Our favourite alternative is the Freedom Savings Account from RCI Bank at 1.3 per cent – It’s a marginally lower rate but it comes with no limits on withdrawals or disappearing bonuses.  

Skipton BS Super Tracker 

Savers banking on interest rate increases in August might be tempted by Skipton Building Society’s Super Tracker account. The account currently pays a lower rate than some of the top easy access deals at 1.02 per cent however it guarantees to pay 0.52 per cent above the Bank of England Base Rate until June 2020.

>Check the best buy savings rates here.   

Tandem Bank Credit Card

Save Money, Make Money

As part of our new Save Money, make Money series, we will give you one quick tip to fix your finances each week. 

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Jetting off to sunnier climes soon? Make sure you take the right card with you to avoid hefty fees. Most banks charge 3 per cent for withdrawals and purchases overseas.

Our top pick of credit cards is from Tandem Bank, it pays 0.5 per cent cashback and charges nothing to use abroad. Remember it carries an APR of 18.9 per cent so make sure to pay it off each month.

Halifax’s Clarity Credit Card

Prefer a more established credit card provider? Another popular deal charging no overseas fees is Halifax’s Clarity credit card also charging 18.9 per cent APR. Sign up before 31 August 2018 and you will also get £20 cashback on your first overseas spend.

>Check the top credit and debit cards for holiday spending.

Top mortgages from Skipton BS, Leeds BS and First Direct  

Research recently revealed that a whopping 800,000 of the 2 million homeowners stuck on their lenders’ standard variable rate deals could save as much as £6,000 per year by moving to a new two-year fix.

While the best mortgage depends on your individual circumstances, here’s three deals that caught our eye this week. We’ve gone for the longer term five-year fixed rates as these give more protection against future interest rate rises.

For borrowers with 40 per cent deposit or equity in their homes, Skipton Building Society is offering a five-year fix at 1.83 per cent with a £1,995 fee. Monthly repayments on a £100,000 mortgage would be £416.

If you’re looking for a fee-free option, Leeds Building Society has a five-year fix at 2.39 per cent with £1,000 cashback for those with 35 per cent equity or deposit. Monthly repayments would be £443.

Those with a 10 per cent deposit can fix for five years with First Direct for 2.19 per cent and a £490 fee. Monthly repayments on a £180,000 mortgage would be £780. Use our mortgage calculator to compare the latest loan rates.

Found a great deal you think people ought to know about? Let us know by emailing editor@thisismoney.co.uk

THIS IS MONEY’S MUST-READ GUIDES FOR THIS WEEK

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