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Aldermore kick-starts ISA season
- Two & three year Cash ISAs paying 3.30% & 4.01% AER respectively
- Four & five year fixed rate bonds paying 4.25% & 4.75% AER respectively
Aldermore, which was recently voted 'Best Cash ISA Provider' by consumers in the 2011 Consumer Moneyfacts awards, has kick-started this year's ISA season by announcing rate increases to its one, two and three year Cash ISAs.
The bank's range of straightforward savings products has been enhanced to include market-leading two and three year fixed rate Cash ISAs which allow savers to make withdrawals (subject to a deduction of interest), as well as market-leading four and five year fixed rate bonds. Savers have the option to take interest monthly on both ISAs and bonds if they are seeking a regular income. (further product details are provided in the 'notes to editors' and are available online at www.aldermore.co.uk).
Simon Healy, Head of Savings at Aldermore, said: "Tax-free Cash ISAs should form the cornerstone of everyone's savings strategy and we're delighted to kick-start this year's ISA season by offering some of the most competitive rates currently available.
"However, Aldermore's appeal is not just about rates. We also offer consumers the benefit of straightforward products which are accessible via the internet, phone or post backed up with first class service provided by UK based staff. We believe that it's this combination of consistently competitive rates, simple products and excellent service which has made us the UKs favourite Cash ISA provider".
Information about Aldermore's full range of savings products is available at www.aldermore.co.uk or by phoning 0845 604 2678
For further information journalists can contact:
Josh Cooper, PR consultant Office: 01295 688234
firstname.lastname@example.org Mobile: 07768 355265
Journalists can download hi-res photos and other information by going to www.mediacentre.info/aldermore
Notes to Editors
Aldermore's range of savings products includes the following:
Fixed Rate Cash ISAs Best buy table position (source Moneyfacts as at 04/02/11)
1 yr 2.95% AER 6th
2 yr 3.30% AER 1st =
3 yr 4.01% AER 1st
Fixed Rate Bonds Best buy table position (source Moneyfacts as at 04/02/11)
1 yr 2.75% AER 30th
2 yr 3.35% AER 17th
3 yr 3.75% AER 21st
4 yr 4.25% AER 1st
5 yr 4.75% AER 1st
Full product details, including terms and conditions, can be found at www.aldermore.co.uk
Aldermore is a new name in British banking and is one of the most strongly capitalised banks in the UK.
With backing provided by AnaCap Financial Partners LLP, a specialist private equity firm and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.
Aldermore does not depend on the wholesale, securitisation or international capital markets and has not been involved in any banking activities or the marketing of any exotic products which have been the cause of problems for so many financial institutions.
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's service is founded on real market expertise and empathy with its customers' needs; offering consistently competitive rates and terms and providing a refreshingly straightforward service. In short, we aim to be different from other banks, easy to do business with and dependable.
About AnaCap Financial Partners LLP
Established in 2005, AnaCap is a specialist private equity firm focused on making investments in the financial services sector across Europe.
AnaCap and its affiliated funds have raised more than £827 million of committed capital from highly regarded global institutional investors including Adams Street Partners, Goldman Sachs, Honeywell, Morgan Stanley Alternative Investment Partners and Allianz.
AnaCap's portfolio in the UK includes Syscap, Conduit Capital Markets and Apex Credit Management. Cattles Invoice Finance was acquired in August 2009, which was subsequently rebranded Absolute Invoice Finance and sold to Aldermore in November 2009.
AnaCap also owns Credoma, a residential mortgage company based in the Czech Republic and Mediterranean Bank Plc which is based in Malta. In December 2009 AnaCap announced its intention to acquire Banco Popolare Ceska Republika, the Czech subsidiary of Italy's Banco Popolare, subject to confirmatory due diligence and all regulatory approvals.