Aldermore increases personal and business savings rates following the base rate change

POSTED: 25th March 2022
IN: Newsroom

Aldermore bank has today increased rates on a wide range of their saving products following the Bank of England’s decision to increase the Bank Base Rate from 0.50% to 0.75%. These increases will offer savers better returns to achieve their short and long term financial goals.

The following changes will be made to our personal and business savings products and are available for new and exisiting customers: 

Easy access accounts

  • Personal Easy Access from 0.50% to 0.85%
  • Double Access from 0.75% to 0.95%

Notice accounts

  • 30 Day Notice from 0.55% to 0.90%
  • 120 Day Notice from 1.10% to 1.20%

ISA accounts

  • 30 Day ISA from 0.55% to 0.90%

Fixed accounts

  • 2 Year Fixed will increase from 1.87% to 1.95%
  • 3 Year Fixed will increase from 1.88% to 2.00%
  • 4 Year Fixed will increase from 1.90% to 2.10%
  • 5 Year Fixed will increase from 2.10% to 2.20%

Business savings

  • Easy Access will increase from 0.50% to 0.75%
  • 6 Month Fixed Rate will increase from 0.60% to 0.80% 

Changes to products for existing customers only

  • 45 Day Notice from 0.60% to 0.95%
  • 60 Day Notice from 0.60% to 0.95%
  • 90 Day Notice from 0.65% to 1.00%
  • 60 Day ISA from 0.55% to 0.95%

Ewan Edwards, director of savings at Aldermore, said: “With continued economic instability, it is more important than ever for people to plan carefully towards their financial future. It’s crucial for everyone to try to be as disciplined as possible with their savings. By making an effort to seek out the best savings rates on offer, it can really make a positive difference in the long term.

“At Aldermore we acknowledge the challenges savers and businesses are facing, and are pleased the latest changes to our personal savings rates will provide our customers with the additional financial support they need, making sure their money is working as hard as possible for them.”

ENDS

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  • Savings
  • Press Release
  • Personal Savings
  • Business Savings