Close

Challenger bank Aldermore ups its retail savings rate on its One Year Fixed Rate account

POSTED: 28th March 2013
IN: Newsroom
Share:

Retail Savings Rates

  • 1 Year Fixed Rate - 2.25% (Gross Annual Interest), 2.23% (Gross Monthly Interest), 2.25% (AER)*

  • 2 Year Fixed Rate - 2.35% (Gross Annual Interest), 2.33% (Gross Monthly Interest), 2.35% (AER)

    *AER stands for annual equivalent rate and illustrates the interest if paid and compounded once each year. 

Commenting on the increase, Simon Healy, managing director of savings at Aldermore, said: "

"These market-leading accounts, available for a limited time only, are a great way for customers to really make the most of their savings, provided they can tie into the term, with the benefit there'll be no temptation to dip into their account which will build up a nest egg."

 

**Ends**

 

About Aldermore

www.aldermore.co.uk

Aldermore is a new British bank and one of the best capitalised banks in the UK. With backing provided by funds advised by AnaCap Financial Partners 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

AnaCap Financial Partners LLP (www.anacapfp.com)

AnaCap Financial Partners is Europe's largest specialist private equity investor in the financial services sector. Based in London and investing across Europe, AnaCap advises funds with €1.7 billion under management across Private Equity and Credit Opportunities vehicles, as well as co-invest.

AnaCap's Private Equity funds invest in European financial services businesses with strong, highly motivated management teams and provide the support and expertise necessary to create exceptional returns. Our network of relationships, which extends across the globe and throughout the financial services sector, enhances our ability to source investment opportunities, support high-quality management teams and identify and capitalise on growth strategies.

AnaCap's role is to provide capital, strategic guidance and operational expertise to build highly efficient and scalable businesses. Furthermore, our considerable experience of working with regulators through multiple investments in commercial and retail banks positions us as a favourable counterparty for many sellers.

The name AnaCap, an abbreviation of 'Analytics before Capital', forms the bedrock upon which our organisation is built. AnaCap takes a highly analytical approach towards the valuation and due diligence of potential investments, which is facilitated by the use of proprietary tools to price assets and which leverages our best-in-class, in-house capabilities.

The success of AnaCap's private equity and credit investment strategies and teams 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 Office: Lise Bulloch - 0161 238 5005 - email: Ingerlise.bulloch@aldermore.co.uk

  • Personal
  • Press Release
  • Personal Savings
  • Journalists

Published: