Aldermore increases rates on its fixed rate savings products

POSTED: 10th September 2021
IN: Newsroom

Aldermore bank has today increased rates on a number of fixed rate savings and ISA products, providing savers with competitive rates.

Our Fixed Rate Savings accounts provide competitive long term rates that protect your hard earned money from interest rate fluctuations and allow peace of mind as you’ll always know exactly how much interest you’ll earn:

  • 1 Year Fixed Rate to be increased to 1.00% from 0.95%
  • 2 Year Fixed Rate to be increased to 1.05% from 1.00%

Our Fixed Rate Cash ISAs give you guaranteed interest rates over a choice of fixed terms, and all of the interest you earn is tax free and doesn’t count towards your Personal Savings Allowance:

  • 1 Year Fixed Rate ISA to be increased to 0.85% from 0.80%
  • 2 Year Fixed Rate ISA to be increased to 1.05% from 1.00%
  • 3 Year Fixed Rate ISA to be increased to 1.10% from 1.05%

Ewan Edwards, director of savings at Aldermore, comments: “Lockdown has helped many people start a regular savings habit and build up a savings pot. Whether it’s to go towards a particular savings goal or to be kept safe for a rainy day, having the financial security to realise those dreams reinforces the important message to keep saving. 

“Fixed rate saving products offer protection against fluctuations and are particularly beneficial for forward planning as savers will know exactly how much they’ll receive at the end of the chosen term. These products are the ideal savings vehicle for planning towards a big purchase like a car, housing deposit or a big occasion like a dream holiday or wedding.”  

**Ends**

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