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.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
STB Commercial Finance opens Leeds office
Secure Trust Bank (STB) Commercial Finance has opened a new office in Leeds as it continues its national expansion...
Starling expands payment services and banking-as-a-service offer
Starling Bank is expanding its banking-as-a-service and payment services offer to enable other companies to offer retail banking and make payments...
Tandem launches Journey Card
Digital bank Tandem has launched a new credit card to help users who don’t have a credit history to build a strong profile...
Starling set to launch business accounts for multi-director limited companies
Starling Bank has announced that the bank would soon open its business accounts for limited companies with multiple directors...
Aldermore increases rates on business savings products
Aldermore has increased rates across its fixed rate and customised fixed rate (CFRA) business savings accounts...
Teachers Building Society amends lending criteria
Teachers Building Society has updated and amended its lending criteria to provide intermediaries with a detailed overview of its requirements for both teacher and non-teacher applicants...
What lenders look for when financing hotel projects
This week, I’ll be at the Annual Hotel Conference in Manchester where I’ll be speaking on Thursday about the funding options available to hotel businesses when it comes to financing future projects...
Bank on Dave launches funding round to support bank plans
Burnley Savings and Loans Limited – known as Bank on Dave – has launched a funding round of £2.5m on crowdfunding platform Seedrs...
Klarna partners with H&M
Swedish bank Klarna has entered into a global partnership with H&M group to further integrate H&M’s digital and physical stores...
ICC Banking Commission announces long-term agreement with GCD
The International Chamber of Commerce (ICC) Banking Commission has signed a long-term partnership with Global Credit Data (GCD) to strengthen analysis within the ICC Trade Register...
OakNorth provides £42m loan to nationwide pub operator
OakNorth has completed a £42m loan to Red Oak Taverns to support the national pub operator’s continued expansion across the UK...