Aldermore increases rates on business fixed rate savings products

POSTED: 29th October 2021
IN: Newsroom

Aldermore bank has today increased the rates of its fixed rate business savings product range, providing SMEs with choice and better returns for their surplus cash.   

The following increases to business savings products include:

  • 6 Month Fixed Rate increased from 0.52% to 0.60%
  • 1 Year Fixed Rate increased from 0.85% to 1.00%

 

Ewan Edwards, head of savings at Aldermore, comments:

“The UK business savings market has grown rapidly in the past year as many SMEs realise how essential it is to the health of their business and its future strategy. Fixed rate accounts can be particularly useful for those seeking to create financial buffers and grow funds for future investment as they enable businesses to get their money working harder for them until it is time to be used. It allows business leaders to know exactly how much interest will be earned helping them be in control of their savings and get to their goals quicker.”

**Ends**

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  • Savings
  • Press Release
  • Business Savings