Aldermore increases rates ahead of NISA launch

From Friday, new rates will be available on the following accounts:

- 1 Year Fixed Rate Cash ISA – 1.65% from 1.60%;
- 2 Year Fixed Rate Cash ISA – 2.00% from 1.80%;
- 3 Year Fixed Rate Cash ISA – 2.25% from 2.00%.

Last week, Aldermore announced market leading increases across its Fixed-Rate Savings Accounts.

Commenting on the changes Simon Healy, Managing Director for Savings at Aldermore says:

“We are delighted to be offering more good news for savers. ISAs continue to be one of the most popular savings products on the market and I think customers will find these market leading new rates attractive ahead of the increase to their ISA limit.

“I very much welcome the launch of the NISA. My customers are often telling me about their changing savings habits and what else they’d like to see from their savings accounts. The new £15,000 limit and greater flexibility between Cash and Stocks & Shares ISAs are pleasing. The next big step is to ensure savings remain relevant to all age groups and to rebuild a pervasive savings culture in the UK. We cannot underestimate the importance of this to the nation’s longer term well-being.”