In reaction to the Bank of England base rate rise yesterday, Aldermore bank is announcing the relaunch of two products from their personal savings range; the Double Access account and One Year Fixed Savings account. These popular saving options will provide customers greater choice, competitive rates, and flexibility to grow their savings to realise their short and medium-term financial goals.
Both personal savings product will be available immediately:
- Double Access product – 0.75%
- Double Access accounts enable savers to benefit from a higher interest rate compared to a standard easy access account, if you make a maximum of two withdrawals in an anniversary year.
- 1 Year Fixed Rate – 1.20%
- For those who are looking for a better return towards their medium-term savings goals, the one year fixed rate product allows peace of mind from interest rate fluctuations as you’ll always know exactly how much interest you’ll earn.
Ewan Edwards, director of savings, Aldermore comments: “We want to be quick and reactive in our support for savers so we can consistently provide choice and competitive products that give them the opportunity to save better.
“Many people have started regular saving routines in the past two years, so we hope these new products deliver more support to continue building on these positive habits. With many people reviewing their personal finances at the beginning of a new year, they’re the perfect support to back people’s fresh savings goals for 2022 and beyond.”
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