Aldermore unveils new rates after reaching record Savings milestone

POSTED: 30th October 2014
IN: Newsroom

Aldermore is increasing rates across three of its fixed-rate savings accounts following news it has surpassed 100,000 savings customers for the first time.

From 9am on Friday (31 October) the new rates available on the following accounts:

  • 1 Year Fixed Rate Account – 1.75% from 1.50%
  • 2 Year Fixed Rate Account – 2.00% from 1.85%
  • 3 Year Fixed Rate Account – 2.35% from 2.00%

Aldemore’s most recent figures from their half year results show total deposits stand close to almost  £4 billion as they continue to set the pace as one Britain’s fastest growing banks.

Commenting on today’s news, Simon Healy, Managing Director of Savings at Aldermore, said: “We are committed to offering simple and straightforward savings accounts that offer consistently good returns. Reaching this milestone is testament to that approach.

“With many commentators predicting interest rate rises will be delayed even further people are feeling uncertain about what they should do with their savings. We are constantly aware of the need to help Britain’s savers in this difficult environment and I hope these new rates are welcomed.

“For all savers,whatever the economic climate, it is always best to keep a balanced portfolio and put surplus funds into longer-term savings accounts in order to get a better return. But it is also important to  ensure you have access to cash if you need it in the short-term.”


Key features on the accounts include:

  • Savers will require a minimum deposit of £1,000;
  • Accounts can be operated online, by post or by telephone;
  • Interest can be paid monthly or annually.

For further information, journalists can contact:
Adam Taylor, Cicero Group
020 7297 5971 or 07557 965958

Notes to Editors:

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


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