Fixed Rate Account with Access

A guaranteed rate of interest over a fixed term with a one off withdrawal of up to 25% of your savings if needed, free of charge

  • 4.5/5 (11 reviews)

Average review for all our Fixed Rate Account with Access products

Open a Fixed Rate Account with Access today. It’s easy, convenient and secure.

Our Fixed Rate Account with Access

Term
Gross Annual Interest
Gross Monthly Interest
AER*
Term
1 Year With Access
Gross Annual Interest
1.50%
Gross Monthly Interest
1.49%
AER*
1.50%
  • Competitive rates of interest with no tricks, gimmicks, bonuses or introductory offers to keep an eye on
  • Access to 25% of your funds when you need it. You can make a one off withdrawal from your account of up to 25% of your savings if needed during the fixed term, free of charge
  • Rate Guarantee - Your account comes with a 14 day rate guarantee, to benefit from this please send your deposit within 14 days of opening the account. This way if we have increased our rate by the day we receive your deposit, we'll pay you the higher rate without you even having to ask! (After this time we will pay the prevailing rate)
  • Fast and simple account opening. Apply, complete identity checks and arrange to move money all online, leaving you free to focus on running your business
  • Available to UK businesses without the need to change your existing bank current account
  • Safe and secure online banking 24/7 - do it online anytime anywhere
  • UK based expert telephone support - our UK based customer service team are available at a time to suit you
  • 14 Day cooling off period - if you change your mind within 14 days of funding your new business savings account we'll be happy to refund your savings
  • Easy to add or remove names or change user levels
  • Open an account with just £1,000
  • No fees or charges for day to day services


What you'll need to open your account in just 15 minutes:

  • A UK-based business, where all directors, owners and account users are aged 18 or over, resident in the UK and only liable to pay tax in the UK
  • Your business details (name, address and if you have one, your company registration number)
  • The sort code and account number for your business bank or building society account. The account must allow transfers to be made and received electronically and will be known as your nominated account. Your nominated account is the only source from which you can transfer money into your Aldermore accoun
  • A mobile telephone that can receive text messages. This is how Aldermore will send you your account password and without it you will be unable to log into your account
  • Internet access, as all of our business savings accounts are open and managed online
  • We do not provide accounts for client money or accounts to be held in Trust

  • Rate Guarantee - Your account comes with a 14 day rate guarantee, to benefit from this please send your deposit within 14 days’ of opening the account. This way if we have increased our rates by the day we receive your deposit, we'll pay you the higher rate without you even having to ask! (After this time we will pay the prevailing rate).
  • Once you've made your opening deposit you have a further 14 days to put more money into your account and benefit from the same interest rate. After this date any additional deposits must be placed into a new Fixed Rate Account at the interest rate offered at the time.
  • Up to 25% of capital is accessible free of charge and without notice. Only one withdrawal is permitted during the term of the account and your money will be transferred to your nominated account. No further withdrawals or closures will be permitted before the maturity date. In cases of severe financial hardship funds may be released on an individual basis, this will be subject to a 180 day deduction of interest.

    View full terms and conditions

  • You should keep at least £1,000 in your account at any one time. An interest rate of 0.05% AER is payable on balances below £1,000.


Managing your account with us is simple and straightforward. Check our Key Features for more information on how your account works.

Fees and Charges
You wont have to pay any fees or charges, although there may be a small charge for non-standard services - check our tariff of charges for more detail.

How Your Account Works
Managing your account is simple and straightforward and we're always on hand to help if you have any questions. Here's how it works.

Once you've opened your Business Savings Account with us we'll send you everything you need to make a deposit and operate your account.

You have 30 days to fund your account once you've opened it. However, to guarantee the rate advertised (or higher) you will need to fund your account within 14 days.

Your Nominated Account
Your nominated account is the UK business bank or building society account you register with us when you open your Aldermore account and is the only source from which you can transfer money into your Aldermore account.

To transfer money, simply contact your bank or building society and ask them to transfer the amount you require (deposits can be made by Faster Payments, BACS, CHAPS or Standing Order).

You will need to provide your Aldermore Business Savings Account number (once you’ve opened your account, you’ll find this 8 digit number on the first screen in Internet Banking, under 'accounts'), Sort Code (23-33-43) and Beneficiary/Payee Name (your business name).

Change Your Password
You can change your password by logging in to your account with the details provided and select the Settings link.

Reset Your Password
If you've forgotten your password you can reset it in minutes. Simply go to the Internet Banking login page and select 'Reset password'.

Add and Remove Users
It's easy to add or remove names or change the user levels on your account by simply selecting the 'Manage Users' link. 

Make Changes to Your Account
You can update or amend most information relating to your account online. We may ask you to send us supporting documentation by post or email once a change has been requested.

Statements
Your statement will be available via Internet banking as a PDF that you can both print and save.

View Account History
You can view transactions on your account right back to the time you opened the account, simply log in to your account and select the Account History. 

On Maturity
Your account will mature on the anniversary date we receive your money. We'll contact you personally a few weeks earlier with a simple, easy to understand guide to your maturity options. If you do not advise us of your maturity instructions your account will roll into another Fixed Rate Account with access of the same term or similar term.

Contact Us
Contact us whenever you need to via:
Our UK-based call centre on 01733 821 321. (We know you're not tied to your desk. So when you call us on your mobile we've made sure you can talk to us at a local and not a premium rate. Just another way we put you first). We are open 8am-8pm, Monday to Friday, excluding Bank Holidays. Calls may be recorded for training and monitoring purposes.

By emailing us at businesssavings@aldermore.co.uk

 

Tax Depending on your business type we may be obliged to deduct tax at source. For further guidance we would suggest consulting your tax adviser or the HM Revenue and Customs at www.hmrc.gov.uk
Interest payments Interest is calculated on a daily basis and is paid monthly, annually or on maturity. It can be paid to your savings account or your nominated account
Term of account 1 Year
Minimum deposit £1,000
Maximum deposit £1m. Please contact us on 01733 821 321 if you would like to make a deposit in excess of £1m
Minimum balance £1,000 an interest rate of 0.05% AER is payable on balances below £1,000.
We are open 8am-8pm, Monday to Friday, excluding Bank Holidays. Calls may be recorded for training and monitoring purposes.
Initial deposit All deposits must be received within the first 30 days of the account being opened, as we will not be able to accept any further deposits after this time. If funding is not received the account will be closed
Additional deposits Once you've made your opening deposit you have a further 14 days to put more money into your account and benefit from the same interest rate. After this date any additional deposits must be placed into a new Fixed Rate Account at the interest rate offered at the time
Rate guarantee Your account comes with a 14 day rate guarantee, to benefit from this please send your deposit within this time. This way if we have increased our rates by the day we receive your deposit, we'll pay you the higher rate without you even having to ask! (After this time we will pay the prevailing rate)
Cooling off period If you change your mind within 14 days of opening your business savings account we will cancel your account. No notice periods or penalties will apply
Withdrawals Up to 25% of capital is accessible free of charge and without notice. Only one withdrawal is permitted during the term of the account. No further withdrawals or closures will be permitted before the maturity date. In cases of severe financial hardship funds may be released on an individual basis, this will be subject to a 180 day deduction of interest
Paying money in From your nominated account only, by the following methods: BACS, Faster Payments, Standing Order, CHAPS, Payments by cheques are not accepted. You will need to provide your Aldermore Business Savings Account number (once you’ve opened your account, you’ll find this 8 digit number on the first screen in Internet Banking, under 'accounts'), Sort Code (23-33-43) and Beneficiary/Payee Name (your business name)
Payment of interest Paid to your account or to a nominated UK bank or building society account in your business name
Statements Available via Internet banking to print and save
Account maturity Your account will mature on the anniversary date we receive your money. We'll contact you personally a few weeks earlier with a simple, easy to understand guide to your maturity options. If you do not advise us of your maturity instructions your account will roll into another Fixed Rate Account with access of the same term or similar term
How to operate your account Online but our UK experts are on hand if you need to call them they can be reached on 01733 821 321.
We are open 8am-8pm, Monday to Friday, excluding Bank Holidays. Calls may be recorded for training and monitoring purposes.

 

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Don't want a fixed rate?

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Easy Access Account
  • 4.6/5 (212 reviews)

With the Easy Access Business Savings Account, you can take control of your cash and earn a competitive rate

Up to 1.10% AER*