Aldermore bank increases rates for business savings accounts

25 Sep, 2020

Aldermore bank has today increased the rates on a range of its fixed rate business savings products.

The following business savings rates will be available immediately:

  • 6 Month Fixed Rate – increase from 0.55% to 0.75%
  • 1 Year Fixed Rate – increase from 0.75% to 1.00%

Ewan Edwards, director of savings, Aldermore comments: “We’re committed to offering competitive rates to savers and are pleased to be able to increase interest rates across our fixed rate business savings offering. Running a business comes with many different challenges at the moment, so it’s vital business owners get the most out of any surplus cash.

“Fixed rate accounts can be particularly useful as they enable businesses to get their money working harder for them until it is time to be used. For example, for new IT equipment in six months time, or to put towards those bigger costs you know are coming further down the line.”