Newsroom

Aldermore launches new Easy Access Cash ISA

Savings 3 min read 27/02/2024

Aldermore today launches a brand-new Easy Access Cash ISA1. The account is designed to provide true flexibility for savers, with customers able to immediately withdraw funds or close their accounts without any penalties or loss of interest.

The account can be opened online and offers a variable interest rate of 4.25%, payable monthly or annually, with a minimum deposit of £1,000.

Savers can add further funds within their annual ISA allowance for the current tax year, up to £20,000, with transfers in from other ISA providers permitted.

Alex Myers, director of savings at Aldermore, comments: “Our new Easy Access Cash ISA gives savers a truly flexible option for investing their hard-earned cash, with the interest earned also having the benefit of being tax free. There’s the added reassurance of withdrawing funds at any time and not having to pay any penalties or charges. So whatever life throws at you, you have the comfort of knowing you can access your savings whenever you might need them.”

ENDS

Notes to editors:

1Terms and conditions:

  • 4.25% variable rate of return within a tax-free ISA wrapper.
  • Interest is calculated daily and paid monthly or annually.
  • Interest you earn in ISAs is tax free and doesn’t count towards your ISA Allowance.
  • Minimum contribution of £1,000.
  • The maximum deposit for this account is the 2023/2024 ISA allowance of £20,000. In addition or alternatively, you may transfer existing ISAs from other providers into this account, up to the amount held. These limits are subject to HM Revenue & Customs rules.
  • Our Cash ISAs are flexible. You can withdraw money from this tax year or previous tax years if you need to. You can replace the money you’ve withdrawn without the replacement counting towards your annual ISA subscription limit, providing you replace the funds in the same tax year you withdraw them.
  • Accounts can only be held in a sole name.
  • Open to both new and existing customers.
  • 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.

For further information contact:

For further information, journalists can contact our PR Team.

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