Interest rates boosted by bank to offer market-leading 4.65% to savers
Increased interest rates are being offered to savers
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Aldermore bank has increased its interest rates on personal savings products, with a market-leading offer available to Britons.
Changes introduced yesterday will see savers get higher returns on money invested with the bank.
Increased rates of interest were introduced for customers who take out an Easy Access, Notice or Fixed Rate account.
Aldermore's two, three, and four year fixed rate bonds were increased from 4.45 percent to 4.65.
Aldermore's four year fixed rate is the best currently available for Britons on the market
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The four year fixed rate is the best currently available for Britons on the market.
At the same time, the rare available for its Easy Access account increases from 3.15 percent to 3.40 percent.
Its Notice (Non-ISA) accounts have also all risen by 0.25 percentage points.
Director of savings at Aldermore Ewan Edwards said: “At Aldermore, we’re continually monitoring our savings rates as we want to help people meet their financial goals in life.
"Offering customers good value on their savings is incredibly important right now, and with these increases, savers can rest easy knowing their hard-earned cash is working hard for them.
"Our increases today are across a range of different account types so you can get a great rate no matter what your saving goal is."
The changes come after 11 consecutive increases in the Bank of England's (BoE) base rate of interest.
The Bank Rate currently sits at 4.25 per cent.
The Bank of England's is expected to hike interest rates again next week
PAThe central bank's monetary policy committee has been notching up the base rate since December 2021 in a bid to curb inflation.
While the BoE has a target of two per cent inflation, in March the Consumer Prices Index (CPI) rose by 10.1 per cent.
Economists predict that when the monetary policy committee meets next week it will increase rates for 12th time to 4.5 per cent.
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