Aldermore increases rates on double access savings account

POSTED: 26th November 2021
IN: Newsroom

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.

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.”

 

ENDS

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