Aldermore increases rates on savings products - 18 March 2022

POSTED: 18th March 2022
IN: Newsroom

Following the Bank of England base rate rise yesterday, Aldermore bank is increasing rates on their Fixed Rate accounts range and One Year Fixed ISA. These competitive personal saving products offer a wide choice for those who want to protect their hard-earned money and know exactly how much interest will be added at the end of the fixed term.

The following personal savings products will be available immediately:

Fixed Rate Accounts

  • 1 Year Fixed Rate will increase from 1.35% to 1.45%
  • 2 Year Fixed Rate will increase from 1.75% to 1.87%
  • 3 Year Fixed Rate will increase from 1.85% to 1.88% 

Fixed Rate ISA

  • 1 Year Fixed Rate ISA will increase from 1.15% to 1.20%

Ewan Edwards, director of savings, Aldermore comments: “It’s important that banks do their bit for beleaguered savers and pass on an increase in interest rates when they can. This is why we’re constantly reviewing our product range, ensuring we offer competitive rates and a great choice of savings products, to meet the diverse needs of our customers.

“As we approach the end of the tax year, it’s an ideal opportunity to review your savings and at a time when finances are being increasingly stretched, we would always encourage people to shop round to ensure their money isn’t languishing but instead working as hard as it can.”

 

ENDS

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  • Savings
  • Press Release
  • Personal Savings