Aldermore has made a slight reduction to its two-year fixe rate bond, but despite this, it has retained its position on the Moneyfacts charts thanks to its continuing competitiveness.
2 Year Fixed Rate Account now pays 2.25% yearly (2.23% monthly), which allows it to remain among the top 10 accounts of its sector.
This account can be opened and operated by post, by phone and online with a minimum deposit of £1,000.
As with many fixed rate deals, no further additions or withdrawals are permitted. Savers must therefore be happy with the level of investment and the length of the term from the beginning.
This account continues to be an attractive deal, despite its recent rate reduction. Savers looking for a short-term home for their funds are therefore likely to find this an appealing option, especially as it offers a monthly interest option for those who want to secure a regular income. The inability to add further deposits or access funds prior to maturity, however, means that this account will best suit those with a decent sum to lock away.
Moneyfacts rating: Excellent
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