Aldermore boosts fixed rate accounts | Product News - Moneyfacts

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Aldermore boosts fixed rate accounts

Aldermore boosts fixed rate accounts

Category: Savings
Date: 30/10/2014

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 increased the interest paid on selected fixed rate deals by up to 0.35%, pushing its three-year account into the Moneyfacts best buys.

The basics…

3 Year Fixed Rate Account now has a competitive rate of 2.35% yearly (2.33% monthly), which has gained it a place among the top 10 for its sector.

Other accounts to see the benefit of an increase were the one-year deal, which now pays an increased rate of 1.75% yearly (1.74% monthly), and the two-year variant, which pays 2.00% annually (1.98% monthly).

The finer details…

These accounts can be opened and managed online, by post and by phone with a minimum investment of £1,000.

Like many other fixed rate accounts, no early access to funds is permitted. Further additions are also not allowed, so investors must be comfortable with the amount they invest and the length of the term.

Why we like them…

These rate increases are sure to trigger interest among eager savers. The three-year deal is particularly competitive, earning a top 10 place in its sector. Although early access to funds and further additions are not allowed, this account's promise of a decent return should appeal to many savers.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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