Fixed Rate Accounts

Protect your hard-earned savings from interest rate fluctuations with our 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

Open a Fixed Rate Savings Account with Aldermore Bank today. It’s easy, convenient and secure. Open an account, complete identity checks and move your money in minutes.

Fixed Rate Accounts

Term
Gross Annual Interest
Gross Monthly Interest
AER*
Term
1 Year
Gross Annual Interest
1.75%
Gross Monthly Interest
1.74%
AER*
1.75%
Term
2 Year
Gross Annual Interest
2.00%
Gross Monthly Interest
1.98%
AER*
2.00%
Term
3 Year
Gross Annual Interest
2.15%
Gross Monthly Interest
2.13%
AER*
2.15%
Term
4 Year
Gross Annual Interest
2.25%
Gross Monthly Interest
2.23%
AER*
2.25%
Term
5 Year
Gross Annual Interest
2.50%
Gross Monthly Interest
2.47%
AER*
2.50%
  • 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
  • Transparent - our competitive rates aren't artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • Great value - no fees or charges for day-to-day account services
  • We guarantee to pay the interest rates shown (or the higher rates if we have increased them) provided that we receive your completed account opening form and initial deposit within ten business days. After this time, we will pay the prevailing rate on the day that we receive your application
  • 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. (However, please give us a call in the event of hardship)
  • You should keep at least £1,000 in your account at any one time (a gross interest rate of 0.50% will be paid on balances below this amount)
  • You simply need to be aged 18 years or over, resident in the UK and only liable to pay tax in the UK

To view full terms and conditions please click here

Fees and charges

You won't 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 details.

Managing your account with us is simple and straightforward - and we're always on hand to help if you've any questions. Here's how it works:

  • 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
  • We'll write to you once a year (usually in April) with your statement and full account details
  • Want to check your account details and rates? Just login whenever you like
  • Contact us whenever you need to - either via our UK-based call centre on 0345 604 2678, or by emailing service@aldermoresavings.co.ukClick here for our opening hours
  • Your account will mature on the anniversary of the date we receive your money. We'll write to you personally a few weeks earlier with a simple, easy-to-understand guide to all your maturity options
  • No need to worry about bonus rates dropping off: there are no hidden bonuses or introductory offers - just consistently competitive rates
Tax Interest is paid net of basic rate tax. Non tax-payers can register at any time for interest to be paid without tax taken off
Term of account You can choose from the following terms:
1 Year, 2 Year, 3 Year, 4 Year, 5 Year
Minimum deposit £1,000. Please note: we can only accept one deposit (the opening deposit) into a Fixed Rate Account. Any additional deposits must be placed into a new Fixed Rate Account at the interest rate offered at the time
Maximum deposit £1m
Withdrawals No early withdrawals until the end of the term (however, please contact us in the event of hardship)
Paying money in Direct Debit, BACS, Cheque, Faster Payments, Standing Order, CHAPS
Number of account holders Up to two
How we calculate your interest Daily, applied to your account monthly, annually or at maturity (where available)
Payment of interest Paid to your account, another Aldermore easy access or notice account; to a UK bank or building society account in your name(s)
Account maturity We will write to you a minimum of 21 calendar days before your account matures to explain your options.
If we don't hear from you we will move your money into another fixed rate account of the same or similar term.
How you operate your account Internet, Phone, Post

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

Latest Rating and Reviews

Fixed Rate Accounts

Good product and provider

This product has one of the best fixed rates around for an FSCS protected investment. There is a flexible choice of length of term and how interest is paid. The website is easy to use and it is simple to open an account. Aldermore provided prompt and clear update communications.

13th December 2014 Starling6

Fixed Rate Accounts

VERY GOOD SO FAR

Very easy to open and all documentation arrived safely. Due to take money via direct debit on set date. So so far very good.

8th December 2014

Fixed Rate Accounts

market leading rates.simple to set up

Aldermore have market leading rates which in todays financial markets are very important to pensioners, who prefer no risk in investing, but try to stay ahead or indeed at least level with inflation. The account was simplicity itself to set up, this was allied to a very good website, giving all the information required. Good to do business with a company that obviously values your participation. Have a two year and a five year account to have spread .

6th December 2014 sneezy

Fixed Rate Accounts

Easy banking

Excellent website but disappointed that we have not been sent the Bond Certificate yet. There was a very fast response by mail on opening the account but nothing after the money transfer to Aldermore.

5th December 2014 Bluestone

Fixed Rate Accounts

Good rate of interest for this bond which meet my needs over a 5 year period

I find Aldermore to be very often the best bank for interest rates; for ease of opening an account; and for the written communications which are always provided. Internet access to my accounts has always been easy; give a real assurance re security; and enable me to instantaneously update myself on my finances.

5th December 2014 Lloyd

Don't want a fixed rate?

Personal Savings

Notice Cash ISAs
  • 4.6/5 (14 reviews)

With a Notice Cash ISA, you can build up funds and enjoy a great tax-free rate. And as long as you give us notice, you can make as many withdrawals as you like.

Up to 1.25% AER*

Personal Savings

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  • 4.3/5 (187 reviews)

Want a great interest rate with added flexibility? Our Notice Savings Account gives you exactly that.

Up to 1.25% AER*

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Our Easy Access Account gives you a great rate as well as full flexibility - so you can withdraw cash or add to your funds whenever you like.

Up to 1.00% AER*