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.

  • 4.5/5 (1534 reviews)

‘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
2.35%
Gross Monthly Interest
2.33%
AER*
2.35%
Term
4 Year
Gross Annual Interest
2.75%
Gross Monthly Interest
2.72%
AER*
2.75%
Term
5 Year
Gross Annual Interest
2.90%
Gross Monthly Interest
2.86%
AER*
2.90%
  • 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

5 Year Fixed Rate Savings Account

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

2 Year Fixed Rate Savings Account

Best rate 2 year bond I could find

Very efficient service and response by mail all completed in less than a week

10th December 2014 Rosie2014

2 Year Fixed Rate Savings Account

Good rates compared to other banks

Very easy to open on line and prompt correspondence confirming account. Would definitely recommend to friends / family. A pleasure to deal with a smaller bank and get excellent customer service.

9th December 2014 Mazza

1 Year Fixed Rate Savings Account

Just what I was looking for

When seeking, on the internet, a good rate for a 1-year Fixed Rate Bond (FRB), I came across Aldermore, whom I'd never heard of. I was impressed that, in 5 years, they had already won several awards for providing quality accounts of different kinds. Also, their FRB rate was competitive, and my first telephone call about setting up an FRB was with a very helpful, well-informed, friendly customer service adviser, who answered all my questions in a straightforward, honest manner, giving me useful tips on completion of the Account Opening Form that was to follow, and on making a deposit. The product literature, and Terms and Conditions leaflets, were easier to understand than those of other providers I had used in the past, and subsequent telephone calls were dealt with in an equally friendly and helpful manner. My account was opened within 6 days, and the Welcome Pack and confirmation of the deposit, plus form requesting memorable details, all arrived a week later. Everything was processed correctly and efficiently, making it a smoother, and less stressful, process than is sometimes the case!

9th December 2014

2 Year Fixed Rate Savings Account

gave a reasonble return for my investment

"aldermore" presented a very clear and professional information package and offered a reasonable interest rate under the current low interest regime.

9th December 2014

Don't want a fixed rate?

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  • 4.6/5 (14 reviews)

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Up to 1.25% AER*

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Up to 1.25% AER*

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Up to 1.00% AER*