Aldermore has relaunched its competitive one, two and three-year fixed rate ISAs, securing all three a place in the Moneyfacts charts thanks to their continued appeal.
The two-year version of Fixed Rate Cash ISA is the most competitive, boasting a market-leading yearly rate of 1.75% (1.74% monthly). Meanwhile, the one-year version pays 1.50% yearly (1.49% monthly), which enables it to sit just behind the current leader of its sector, and the three-year variant pays a competitive 1.85% yearly (1.83% monthly).
These accounts can be opened and operated by post, by phone and online with an initial investment of £1,000.
Further additions are allowed for up to 20 business days after applying to open an account, while transfers in are welcomed. Savers are also able to access their funds prior to maturity upon the loss of 120 days' interest for the one-year ISA and 180 days' interest for the two and three-year versions. These penalties also apply to transfers away from these accounts.
The relaunch of these competitive deals is bound to make savers sit up and take notice thanks to their eye-catching rates, with the two-year version proving to be particularly competitive. Savers are also likely to welcome the opportunity to add extra funds for a limited period and the option to access funds early (albeit upon payment of a penalty).
Moneyfacts rating: Excellent
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