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New bond with new increased rate

POSTED: 16th February 2012
IN: Newsroom
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A British bank has increased its existing 1yr Fixed Rate bond which will offer long-term value.

Aldermore, which offers straightforward accounts with long-term value, is offering a new rate of 3.55% on its 1yr bond, a boost of 20bpts, up from 3.35%.

This step-up in the rate will only be on offer for a limited period however, it has no bonus or gimmicks, just a top paying savings account for the consumer.

Furthermore, the interest rate is paid immediately unlike other financial providers who are only start paying interest rates after several months have elapsed.

Commenting on the launch, Simon Healy, Head of Savings, Aldermore, said:  "We recognise during this economic cycle of uncertainty, people want long-term value but don't want to tie up their money for long periods of time. 

"The 1yr Fixed Rate bond provides a great return, at an excellent rate and as there are no bonus periods to consider, the consumer can relax knowing there's one less thing to think about."

Customers can buy online, or by post or telephone.

**Ends**

For further information contact Aldermore press team - Lise Bulloch on 0161 238 5005 or email on: Ingerlise.bulloch@aldermore.co.uk

Alternatively contact Maitland PR:  Andrea Coleman/ Sam Turvey: 0207 379 5151

About Aldermore

Aldermore is a new British bank and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

As a British bank, Aldermore is regulated by the Financial Services Authority and is registered under the Financial Services Compensation Scheme, which means customers' savings are protected up to the statutory limit of £85,000 per person. Aldermore is also a member of the Council of Mortgage Lenders.

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Established in 2005, AnaCap is Europe's largest specialist private equity investment advisor in the financial services sector. Based in London and investing across Europe, AnaCap advises funds with more than €1 billion under management. AnaCap's funds invest in businesses with high growth potential and strong management teams. AnaCap works with management teams to improve infrastructure and business processes. It employs sophisticated, twenty-first century technology to create low cost, scalable, sustainable and highly digital based platforms. AnaCap's day-to-day support allows management to pursue growth strategies in the most efficient and effective manner.

AnaCap's team of professionals also assists investee companies in assessing and reducing key credit and market risks. This expertise in risk and liability management is a key factor in the strong performance of AnaCap's portfolio.

The success of AnaCap's investment strategy and team has attracted investment from highly regarded global institutional investors including Goldman Sachs, Allianz, Morgan Stanley Alternative Investment Partners, Honeywell, State of New Jersey and Adams Street Partners.

Press enquiries:

Phillip Monks
Chief Executive
Aldermore
Tel: 0161 238 5000
Press office: Lise Bulloch - 0161 238 5005 - email: Ingerlise.bulloch@aldermore.co.uk

  • Fixed Rate Account
  • Personal
  • Press Release
  • Personal Savings
  • Retail
  • Retail

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