Aldermore bank has today increased the rate on its Double Access account, providing new and existing customers with competitive rates to help achieve their savings goals:
- Double Access account to be increased to 0.75% from 0.60%
The Double Access account can help savers’ achieve medium-term goals by benefitting from a more favourable rate of interest than typical easy-access accounts. These accounts also offer more flexibility than fixed rate accounts, allowing for two withdrawals in a calendar year for those who may need to access their funds sooner than anticipated*.
Ewan Edwards, director of savings, Aldermore comments: “Since the pandemic, many savers have been hesitant to lock their money away for long periods of time, in case of an unexpected financial setback. However, as a result many have opted for easy access accounts which typically offer less favourable interest rates.
“Double Access accounts help to strike a balance which savers increasingly need, offering better returns than easy-access accounts and the flexibility to make up to two withdrawls a year while maintaining a competitive rate of interest. We are delighted to be increasing our rates for new and existing customers, providing even better returns on their hard-earned cash, and helping them to realise their savings goals.”
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