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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.

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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
1.60%
Gross Monthly Interest
1.59%
AER*
1.60%
Term
2 Year
Gross Annual Interest
1.85%
Gross Monthly Interest
1.83%
AER*
1.85%
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
  • 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.
    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.
  • 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

Easy

Did several investments at the same time & this was by far the easiest & quickest. So straightforward

27th March 2015 kiwikaren

Fixed Rate Accounts

Excellent customer service

Too many accounts have difficult paths to negotiate. This was all so simple to open and the staff I spoke with were helpful and good natured- even when I was experiencing difficulties with finding evidence of my mother's residential address.

16th March 2015 Fen1

Fixed Rate Accounts

Simple and Straighforward

Moving my money from one account with Aldermore was very easy and took no time at all. Paperwork to confirm arrived quickly after the transaction. Well done Aldermore!!

15th March 2015 Pishty

Fixed Rate Accounts

suited my needs

couldn't have wished for better service or the ease of which it was dealt with

13th March 2015 jules34

Fixed Rate Accounts

Quicky and efficient

I was most impressed with the efficiency of Aldermore. My internet actions were promptly confirmed by post which was reassuring, having sent through a large amount of money. When I rang with a query, the assistants were friendly and courteous and sorted everything out for me in a positive, 'can do' attitude. Thank you!

23rd February 2015 Nicky07

Don't want a fixed rate?

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  • 4.4/5 (194 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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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*

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  • 4.3/5 (180 reviews)

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*