Tandem Bank has acquired the £100m mortgage loan book of private lender Bank and Clients. Tandem says the acquisition of the loan book will be 'disruption free' for the 300 B&C clients who will become the challenger bank's customers on 22 February. Borrowers’ mortgages and their B&C mortgage servicing teams
The best fixed bond rate continued to be offered by Gatehouse Bank this week, with its Fixed Term Green Saver paying an expected profit rate of 1.50% gross on anniversary. This account requires a £1,000 minimum deposit to open and comes with the incentive that Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. The trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code. It can only be opened and managed online.
Al Rayan Bank had the best paying three, two, and one year fixed bond rates this week. The 36 month version of its Fixed Term Deposit pays an expected profit rate of 1.30% gross quarterly, the 24 month version pays an expected profit rate of 1.15% gross quarterly, and the 12 month version pays an expected profit rate of 0.85% gross quarterly. All versions of this account require a £5,000 minimum deposit to open. They can be opened and managed online, in branch, by phone and via mobile app.
Credit repair cards
The first four categories are reviewed together and are listed under the best five- and four-star personal credit cards. In addition, we also rate credit repair cards as a separate category.
We look at the credit cards and assess their product features and the scale of any penalties or fees associated with the cards. We also assess their additional services and ongoing benefits.
Those with the widest range of features and benefits will be awarded a top rating of five stars, with those that are close, but with a little more to do, achieving four stars.
How does a star rating help to find a credit card?
Castle Trust Bank has recruited Nick Bennett as its new chief technology and operations officer (CTOO).
Bennett has more than 15 years’ experience in technology and banking, having worked at Tandem Bank for the past three years and Santander for 11 years previous to that.
He has led strategic organisational and transformational programmes and has a wide range of knowledge and experience in leading technology, change and operations in the financial banking sector.
He will join Castle Trust Bank on 29 March to lead the bank’s strategy and continuing investment and focus on technology, digitalisation and change.
Martin Bischoff, chief executive officer at Castle Trust Bank, said: “At Castle Trust Bank, we have already launched a market leading savings app enabling savers to manage their money through the latest face and fingerprint recognition technology and Nick will play a key role in continuing the digital transformation of our business.