Aldermore improves long term rates - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Aldermore improves long term rates

Aldermore improves long term rates

Category: Savings

Updated: 02/02/2011
First Published: 02/02/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Aldermore has significantly increased the rates on offer for its four and five year bonds.

The four year fixed rate account now pays 4.25% (+0.35%), while the five year offers 4.75% (+0.64%).

These fairly dramatic increases to fixed rates enhance the portfolio of Aldermore and will improve its market position.

The four and five year bonds at 4.25% and 4.75% respectively are now market leaders in their respective fields. The ISAs are also now amongst the top rates for their respective terms and have the benefit of permitting withdrawals subject to an interest penalty.

Both the bonds and the ISAs offer monthly options giving investors a regular income option.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.