Close

Aldermore increases rates on fixed rate savings accounts

POSTED: 3rd March 2011
IN: Newsroom
Share:
  • New market leading* one and five-year fixed rate accounts paying 3.45% & 4.90% AER respectively
  • Existing market-leading* four-year fixed rate account paying 4.25% AER
  • Existing three-year fixed rate paying 3.80%
  • Existing two-year fixed rate paying 3.70%

Aldermore is increasing the rates it pays on its one and five-year fixed rate savings accounts to 3.45% and 4.90%, with effect from Friday 4th March. These market-leading products sit alongside Aldermore's existing market-leading four-year fixed rate account and its top ten two and three-year accounts.

Savers can open an account online at www.aldermore.co.uk or by phone or post, with a minimum balance of £1,000.

Simon Healy, Head of Savings at Aldermore, said: "We're delighted to be able to drive-up the returns available to savers with these new rates. We anticipate a high demand for our one-year account, which will appeal to savers who want the ability to review their savings in twelve months' time. This rate is being made available on a strictly limited basis and will be withdrawn as soon as the allocation has been filled.

"Our five year fixed rate will suit savers who appreciate the peace of mind that comes from a stable high rate over a longer period. Our application process is straightforward and customers can speak to UK-based staff by calling 0845 604 2678. Our fixed rate accounts are a very tangible demonstration of our ongoing commitment to provide UK savers with a combination of consistently competitive rates, simple products and excellent service."

Aldermore's fixed rate savings products were highly commended in the Moneyfacts Awards 2010 and Aldermore was recently voted 'Best Cash ISA Provider' by consumers in the 2011 Consumer Moneyfacts awards.

**Ends**

*Information based on Moneyfacts Market Intelligence as at 2/3/11

 For further information journalists can contact:

Josh Cooper, PR consultant                              Office: 01295 688234

josh@cooper-consultants.co.uk                         Mobile: 07768 355265

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

  • Personal
  • Savings
  • Press Release

Published: