Aldermore Bank launches new market leading Cash ISAs

POSTED: 17th February 2012
IN: Newsroom

Aldermore has enhanced its 1 Year Fixed Rate ISA, as well as launching a new 60 Day Notice Cash ISA, offering great tax free returns for investors.

- New 60 Day Cash ISA paying 3.15% gross/AER
- 1 Year Fixed Rate Cash ISA with a rate of 3.35% gross/AER

Aldermore has enhanced its 1 Year Fixed Rate ISA, as well as launching a new 60 Day Notice Cash ISA, offering great tax free returns for investors.

The 1 Year Fixed Rate Cash ISA has increased from 3.20% to lead the market at 3.35%, and the new 60 Day Notice Cash ISA offers a rate of 3.15%.

Furthermore, the rates on our fixed rate accounts apply immediately from when we receive your funds, unlike some other financial providers who only pay the higher rate after several weeks or months at a lower rate, making Aldermore's ISA the best-in-market.

These accounts continue Aldermore's strategy in offering simple, straightforward saving accounts which do not rely on short term bonuses, gimmicks or caveats but instead offer customers long term value for minimum effort.

The 1 year fixed rate is of course guaranteed but uniquely, the rate on 60 Day Notice is guaranteed to remain 1.75% above Bank of England Base Rate until 1 March 2013.

Crucially all the Cash ISA products accept transfers from other ISA providers, enabling customers to consolidate balances held in lower-paying Cash ISA accounts.  In addition, the full range is available with a monthly interest option which will appeal to customers looking for a regular income from their tax free savings.

If a customer was to save £5,340 into the new 1 year fixed rate Cash ISA at 3.35%, this would provide £178.89 interest in a year and £30,000 transferred would provide £1,005, both tax free.

Commenting on the new products, Simon Healy, Head of Savings for Aldermore, said:  "These accounts represent an enhancement to our strong Cash ISA range.  With tough economic conditions and busy lives, these simple accounts offer customers an easy route to high returns now and in the future.

Rachel Thrussel, Savings Expert, Moneyfacts, said: "Aldermore's 1yr Fixed Rate bond is not only a top paying rate but with such transparency, it offers complete peace of mind."

Simon Healy concludes:  "Transferring balances from lower paying accounts into an Aldermore Cash ISA not only makes sense in maximising your tax-free allowance, but is easy too - accounts can be opened in minutes online, by phone or by post and with our guaranteed rates, you can be sure of your returns."

Aldermore has just been announced as this year's winner for 'Best Cash ISA Provider' voted for by the public in the 2012 Consumer Moneyfacts Awards, and won it last year too, making it two on the trot.  In addition, Moneyfacts has awarded Aldermore five stars for the launch of its new 60 Day Notice ISA.



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

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