Aldermore Bank has claimed top spot in both the Which? fixed-rate savings accounts and cash Isas Best Rate tables.
The bank’s one-year fixed-rate savings account deal has risen to 3.55%, while its one-year fixed-rate cash Isa has jumped to 3.33%. Both accounts were positioned around the middle of the Which? Best Rate tables prior to the increases.
The accounts are available to new and existing customers with a minimum investment of £1,000 and can be opened and operated either online, by post or over the telephone. Customers can choose to receive interest monthly or yearly.
Rollover fixed-rate savings accounts
Which? Money research recently found that you could find your savings dumped into an account paying as little as 0.1% interest; or worse, rolled into another fixed-rate savings account at the end of the fixed term. Aldermore, along with big providers like Barclays and Lloyds TSB, stood out as some of the worst offenders.
If you’re coming to the end of a fixed-rate savings account, we recommend you check how your bank’s rates compare to the best on offer by going to our review of fixed rate savings accounts.
Which? Best Rate savings accounts
Which? compares savings accounts based on stringent criteria in order to help you make the most of your money. We look at standard savings accounts as well as fixed rate savings accounts and cash Isas.
For more information on savings accounts and how to choose the right one for you, read the Which? guide Finding the best savings account.
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