FIXED RATES SAVINGS ACCOUNTS

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Fixed Rate Savings Accounts are only suitable for people who are happy to have their money tied up for at least a year. Fixed Rate Savings Accounts usually give you a good fixed rate of interest on your money which is paid for a fixed length of time. If you can afford to tie your money up for a fixed period of time this type of account could be worth considering. It is important to remember with Fixed Rate Savings Accounts that you cannot access your money for the whole term, so be sure that you will not need access to your money quickly. See below a list of Fixed Rate Savings Account providers for you to compare. Which Way To Pay gives you information on withdrawal rules and the best interest rates. Click 'More' to make an application online.

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If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERACCOUNT

ACCOUNT

Account name

TYPE

TYPE

Account type

INTEREST AER

INTEREST AER

Annual Equivalent Rate

INTEREST GROSS

Gross interest is the annual rate of interest which is paid without the deduction of lower rate tax to eligible individuals and certain organisations

PAID

PAID

When the account pays out

ACCESS

ACCESS

How account can be accessed

MIN INCOME

MIN INCOME

Minimum amount in account

CONDITIONS

CONDITIONS

Conditions for investor

WITHDRAWAL ACCESS

WITHDRAWAL ACCESS

Where you can withdraw money from

FEATURES

FEATURES

Account features

MORE INFO

Aldermore 2 years Fixed Rate Savings Account
Aldermore 2 years Fixed Rate Savings Account

2 years Fixed Rate Savings AccountFixed Rate Account1.75% (1 year)ask on applikationDailyOnline, Post, Teln/aMinimum deposit £1000Not before maturityFeatures

Features

Free Banking: Yes
Debit Card: No
Cheque Guarantee Card: No
Standing Orders: No
Direct Debit: No
Overdraft Facility: No
Account Manager: No

Deposits of £1000 - £1m

Aldermore 2 years Fixed Rate Savings Account
If you have some money you would like to save for later you should protect it from the interest rate fluctuations by choosing a fixed rate savings account. Aldermore offers you a very secure and convenient place to let your money grow. Open your 2 years fixed rate savings account with already just £1000 – it’s easy and fast! DETAIL INFORMATION >>Services

Services

Online applications


Advantages

Advantages

1.No fees for day-to-day services 

2.Easy to set up 
3.Transparent


Disadvantages

Disadvantages

No deposits less than £1000 accepted

Aldermore 4 Year Fixed Rate Savings Account
Aldermore 4 Year Fixed Rate Savings Account

4 Year Fixed TermFixed Rate Account2.45%2.45%MaturityInternet, Phone, PostMinimum depositMinimum age 18 YearsMaturityFeatures

Features

Free Banking: Yes
Debit Card: No
Cheque Guarantee Card: No
Standing Orders: No
Direct Debit: No
Overdraft Facility: No
Account Manager: No

1. Once you've opened your account with us, we'll send you a welcome pack, usually within five business days, with all the details you'll need to manage your account
2. If you open an account online, you can log into your account to view and print a statement at any time and we will make a Section 975 Certificate available in internet banking shortly after the start of each tax year.
3. If you open an account over the telephone or by post, we will send your statement and Section 975 Certificate by post once a year, usually in April.
4. Want to check your account details and rates? Just login whenever you like

Aldermore 4 Year Fixed Rate Savings Account
Protect your hard-earned savings from interest rate fluctuations with the Aldermore 4 year fixed rate savings account. You'll enjoy peace of mind knowing exactly how much interest you'll earn. ‘Winner’ – Best Online Savings Account Provider Your Money Awards 2014 DETAIL INFORMATION >>Services

Services

Easy to manage - do it online, by phone or by post


Advantages

Advantages

1. Peace of mind - know exactly what interest rate you'll earn for a set period and we will personally write to you before your account matures
2. Transparent - our competitive rates aren't artificially inflated by bonuses or introductory offers
3. Fast and easy setup - open an account, complete identity checks and move your money in minutes
4. Open an account with just £1,000
5. Easy to manage - do it online, by phone or by post
6. Great value - no fees or charges for day-to-day account services


Disadvantages

Disadvantages

1. Once you've made your opening deposit you won't be able to make any more deposits or withdrawals, or close your savings account before the maturity date.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Fixed Rate Saving Accounts

Why do you need to save?

People put money away for any number of reasons. You might want to save for something in specific like a house, car, a holiday or wedding, your children’s future. It could be that you want to put some money way so you are covered should anything unexpected happen like you lose your job or need to pay for emergency home or car repairs.

If you want to put money aside then a savings account is where you can safely put your money, where it will earn interest over time. Savings accounts are bank accounts that people use, first and foremost, for keeping excess money safe. Savings accounts are a really easy way of growing your personal fortune and there is little risk involved.

What is a Savings Account?

Standard savings accounts are a really good method of saving for the future. In some circumstances the money you save builds up interest and the interest rates will be the main focus when considering a savings account. Savings accounts are designed to hold the money that you do not need immediate access to; these accounts will have higher interest rates.

You should make sure that you understand the restrictions of the account. In terms of disadvantages you may be charged for withdrawing money but in most cases you can withdraw money from a standard savings account at any time.

What are Fixed Rate Savings Accounts?

With a fixed rate savings account the interest rate is fixed for a set period and you cannot obtain your money during the set time; often the longer the set time the higher the interest rate. These accounts are a method of saving for the future because you will know exactly how much interest the money will earn. You also don’t need to concern yourself about the interest rate being reduced which is particularly comforting considering today’s economic climate. In some instances you may be able to make a withdrawal but if you do you risk losing some of the interest. Fixed rate accounts are designed for those who will not need access to their money for a few years.

However, although your interest rate will not drop you could miss out on any increase in interest rates. This means that there is a certain level of risk involved so it pays to search around to find the account with the best interest rate. Many fixed rate accounts will require a minimum deposit which can be high.

How to compare fixed rate savings accounts?

When you have decided which type of account is right for you, you must then decide what provider to go with. When comparing the various providers it is important that you do your research rather than sticking with your current providers. Choose one that suits your needs – how much access do you need? How much do you have to invest? What sort of interest rates are you looking for? Think carefully about these questions before you commit to a provider and tie your money in.

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