From 9am on Friday, the new rates will be available on the following accounts:
- 1 Year Fixed Rate Account – 1.75% from 1.50%
- 2 Year Fixed Rate Account – 2.00% from 1.85%
- 3 Year Fixed Rate Account – 2.35% from 2.00%
Aldemore’s most recent figures from their half year results show total deposits stand close to almost £4 billion as they continue to set the pace as one Britain’s fastest growing banks.
Commenting on today’s news, Simon Healy, Managing Director of Savings at Aldermore, said:
“We are committed to offering simple and straightforward savings accounts that offer consistently good returns. Reaching this milestone is testament to that approach.
“With many commentators predicting interest rate rises will be delayed even further people are feeling uncertain about what they should do with their savings. We are constantly aware of the need to help Britain’s savers in this difficult environment and I hope these new rates are welcomed.
“For all savers,whatever the economic climate, it is always best to keep a balanced portfolio and put surplus funds into longer-term savings accounts in order to get a better return. But it is also important to ensure you have access to cash if you need it in the short-term.”
