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Aldermore to increase savings and variable mortgage rates

Theo Osborn | 14:25 Tuesday 14th August 2018

Aldermore has announced it will increase its personal savings and variable mortgage rates.

The specialist bank will increase rates by 0.25% on 31st August following the Bank of England’s decision to increase the base rate.

Personal easy access accounts will increase from 1.00% to 1.25%, Help to Buy Isas will increase from 1.75% to 2% and business easy access accounts will rise from 0.85% to 1.00%.

In addition, 30-day notice and 30-day Isa accounts will also increase from 1.05% to 1.30%.

The Aldermore managed rate will increase from 4.98% to 5.23% on 1st September for standard variable rate mortgage customers.

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