Aldermore increases rates on Personal Savings products

POSTED: 28th August 2020
IN: Newsroom

Aldermore bank has today announced rate increases on a range of its personal savings products, alongside the re-launch of our popular 120 day notice product and support for SME business savers.   

The following personal savings rates will be available immediately:

  • 120 Day Notice Rate – re-launch to new business at 0.70%
  • 1 Year Fixed Rate - increase from 0.75% to 1.00%
  • 2 Year Fixed Rate - increase from 0.85% to 1.25%
  • 3 Year Fixed Rate - increase from 1.20% to 1.30%
  • 4 Year Fixed Rate - increase from 1.22% to 1.32%
  • 5 Year Fixed Rate - increase from 1.25% to 1.35%

The bank is also re-introducing a range of fixed rate options for business savings customers which will be available immediately:

  • 6 Month Fixed Rate – re-launch to new business at 0.55%
  • 1 Year Fixed Rate – re-launch to new business at 0.75%

Ewan Edwards, director of savings, Aldermore comments: “As we move to a post-lockdown period, many are now looking forward at what their new savings priorities are so we want to provide them choice to suit their future ambitions. Our expanded savings offering with increased rates will benefit savers looking for the right product for their short or long term financial goals.”

**Ends**

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