Aldermore launches regular saver account

Aldermore today (1st November 2023) launches a brand new Regular Saver Account, perfect for those who want to save little and often to reach their short-term savings goals.

The account can be opened online and offers a return of 5.25% variable for 12 months*, with a minimum initial deposit of £25 and the maximum contribution capped at £300 a month. Withdrawals are permitted anytime during the term and interest is paid at the end of the 12 months.

Alex Myers, director of savings at Aldermore, comments: “Our new Regular Saver Account will give customers even more options and flexibility on how to make their hard-earned cash go further. Regular savings accounts are a great help for those with a short-term goal in mind, like a holiday abroad or a car purchase in the near future. They also help to establish healthy savings habits for when it comes to longer-term goals in the years ahead.”

ENDS

Notes to editors:

*Terms and conditions:

25% variable rate of return for 12 months (after which the funds will transfer to an easy access account)
Minimum contribution of £25
Maximum monthly contribution of £300 per calendar month
Interest paid at the end of the 12 month term
Withdrawals are permitted anytime during the term with no limits or restrictions
Accounts can only be held in a sole name
Only one Regular Saver (per issue) can be held per customer
Must be a UK resident, aged 18 or over and only tax resident in the UK
Cannot be held in trust or by US Persons

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For further information about Aldermore, please review our Notes to Editors page.

Aldermore launches Regular Saver Account