Aldermore 3 Year Fixed Rate ISA Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Permanent UK Resident |  | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customer Only | | no | No | ||
| New Money Only | | no | Not applicable. | ||
| Minimum Initial Investment | | £3,600 | Minimum investment £3600 which can be a combination of a transfer from an existing ISA provider(s) in combination with a current year subscription. |  | |
| Minimum Age | | 18 years | The minimum age is 18 years. | ||
| Introductory Rates: | |||||
| Introductory Bonus | | 0% | No introductory bonus payable. | ||
| Rates: | |||||
| Rate Type | | fixed | The type of interest rate is fixed. | ||
| Account Term | | 3 years | The term period is 36 months. |  | |
| Headline Interest Rate | | 3.74% | The headline interest rate is 3.74% AER | | |
| Rate Tiers | | see details | Gross Rate Gross Rate AER Excluding BonusIncluding Bonus £3,6003.74% 3.74%3.74% ...expand | ||
| Tax Free | | yes | This product is available tax free. | ||
| Fixed Interest Rate | | yes | The interest rate is fixed. | ||
| Interest Payment Frequency | | choice | Interest is paid annually or interest is paid monthly. | ||
| Maturity Date | | 3 years | Account is fixed for 3 years. | ||
| Children's Savings: | |||||
| Children's Savings Account | | no | no | ||
| Over 50s ISAs: | |||||
| Over 50s Cash ISA Top Up Allowed | | yes | Additional top up contributions are permitted for those aged 50 and over. | ||
| Over 50s Cash ISA Top Up Rate | | 3.74% | 3.74% | ||
| Over 50s Cash ISA Gross Rate | | 3.74% | 3.74% | ||
| Account Access: | |||||
| Account Type | | Cash ISA | Cash ISA | ||
| Cash ISA Type | | Fixed Term | Fixed Term | ||
| Opened Online | | yes | This account can be opened via the internet. | ||
| Online Access | | yes | Transactions can be made via the internet. | ||
| Opened at Branch | | no | This account cannot be opened at a branch | ||
| Branch Access | | no | Transactions cannot be made at a branch | ||
| Opened by Phone | | yes | This account can be opened by telephone | ||
| Phone Access | | yes | Transactions can be made by telephone | ||
| Opened by Post | | yes | This account can be opened by post. | ||
| Postal Access | | yes | Transactions can be made by post | ||
| Account Management: | |||||
| Minimum Balance | | £3,600 | The minimum balance is £3600. | | |
| Minimum Withdrawal | | £1 | The minimum withdrawal is £1. | ||
| Maximum Annual Investment | | £5,100 | The maximum investment per annum is £5100. |  | |
| Maximum Balance | | £500,000 | The maximum balance in the account is £500000. Transfers in from other providers the maximum balance is unlimited subject to the ISA allowances. |  | |
| Withdrawal Conditions | | yes | Withdrawal Conditions - Withdrawals and closure permitted subject to 180 days loss of interest penalty. | ||
| ISA Transfers Accepted | | yes | Transfers in are accepted from other Cash ISA providers. The maximum balance is unlimited subject to the ISA allowances and only one lump sum is acceptable (per account). | ||
| ISA Transfers Out | | yes | Transfers out are permitted to other Cash ISA providers | ||
| ISA Transfer Notice | | 0 days | No notice required for transfers out. |  | |
| Additional Information | | none | There is no additional information | ||
| Fees & Charges: | |||||
| Withdrawal Restrictions | | penalty only | Withdrawals are subject to 180 days loss of interest penalty. | ||
| Transfer Conditions | | penalty only | Transfers out are subject to 180 days loss of interest penalty. | ||
| Transfer Penalty | | 180 days | Transfers out are subject to 180 days loss of interest penalty. | | |
| Transfer Charge | | £0 | There is no charge for transfers out. | ||
