Aldermore bank has today relaunched its Double Access and 120 Day Notice products, providing customers with even greater choice for short, medium, and long term savings goals.
The following personal savings products will be available immediately:
- Double Access product – 0.60%
- 120 Day Notice product – 0.70%
The Double Access account is suitable for savers who’re looking for a way to get good returns on their money and the choice to access funds when they need it, providing more flexibility than fixed rate accounts. Savers can make two withdrawals in a calendar year whilst maintaining the 0.60% rate so as they work towards those medium term goals, such as holidays, school fees, or home renovations, they’ll have access to funds for when it is required.
Meanwhile, the 120 Day Notice account allows savers to grow their medium to long term savings with unlimited deposits and only need to give 120 days notice for withdrawals. This is ideal for those planning ahead for a large purchase or savings goal that does not necessarily have a set timeframe to fit a fixed term product.
Ewan Edwards, director of savings, Aldermore comments: “Bank of England data reveals that Brits saved £7bn1 in July, indicating that, while things are opening up, building up savings and extra cash is very much still on people’s minds. At Aldermore, we want to provide as much choice as possible as we understand one size does not fit all and every person has their own unique and varied future plans and savings goals.
“Both these products are useful for savers who have had plans delayed or disrupted over the summer or who are looking towards 2022 goals, ensuring their money is working hard until they are able to use it later this year or into the next. They’re also a very helpful vehicle for saving towards key events such as Christmas and planned holidays, or for building an emergency fund longer term.”
Notes to editors:
1 Money and Credit - July 2021 | Bank of England
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