Aldermore has reduced the rate of its two-year fixed rate bond, but it has maintained its competitive spirit and kept a place in the Moneyfacts charts.
2 Year Fixed Rate Account now has a competitive rate of 2.15% yearly (2.13% monthly), earning it a place among the market-leaders of its sector.
This account can be opened by phone and online with an initial deposit of £1,000. It can then be managed by the same methods as well as by post.
Like many fixed rate deals, this account does not allow further additions or early access to funds. Savers must therefore be happy with the amount they deposit and the length of the term.
Despite the rate decrease, this account still offers savers a competitive deal. The rate is an attractive one, and it is likely to entice investors who are keen to make a decent return on their savings However, money deposited into this account is locked in for the full term, so savers must be comfortable with this.
Four Moneyfacts Stars have been awarded.
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