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Aldermore ups its fixed rate savings game

Aldermore ups its fixed rate savings game

Category: Savings

Updated: 25/08/2010
First Published: 25/08/2010

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 It is now over 6 months old so the content may be out of date.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 upped its game again by increasing the rates on its fixed rate savings accounts.

Its two and three year fixed rate accounts now pay 3.75% and 4.15% respectively, while its two year fixed rate cash ISA pays 3.30%.

All three products have improved their position within their respective fields as a result, and are now market leaders.

As with most bonds, earlier access is not permitted, so savers will need to be certain they can commit funds for the full term if investing in the fixed rate bonds.

Those looking for an ISA will be pleased to see that access to funds is allowed, albeit with an interest penalty.

Welcome news for savers searching for a fixed home for surplus funds or their tax free ISA allowance, Aldermore earns four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.