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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*
Apply
Term
1 Year
Gross Annual Interest
1.90%
Gross Monthly Interest
1.88%
AER^
1.90%

How the SME Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please select your bank or building society from the names listed in the drop down menu

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
Term
2 Year
Gross Annual Interest
1.95%
Gross Monthly Interest
1.93%
AER^
1.95%

How the SME Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please select your bank or building society from the names listed in the drop down menu

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
Term
3 Year
Gross Annual Interest
2.15%
Gross Monthly Interest
2.13%
AER^
2.15%

How the SME Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please select your bank or building society from the names listed in the drop down menu

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
Term
4 Year
Gross Annual Interest
2.25%
Gross Monthly Interest
2.23%
AER^
2.25%

How the SME Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please select your bank or building society from the names listed in the drop down menu

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
Term
5 Year
Gross Annual Interest
2.50%
Gross Monthly Interest
2.47%
AER^
2.50%

How the SME Rate Checker works

Simply search for the type of account you have using the form below, enter your balance and in a matter of seconds we’ll give you your rate. It’s as easy as that.

We'll present you with the rate of interest you’re being paid along with an indicative balance including interest after 12 months.

*Required field

Please select your bank or building society from the names listed in the drop down menu

 

Please enter the type of business savings account you have e.g. Fixed Rate

 
£

Please enter the business savings balance you wish to check

 

If you are unsure of your account name you will need to check with your current provider

 
  • 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

Simple and easy

Competitive interest rates, easy to use website, straightforward application process with clear and timely correspondence.

5th May 2015 alan10

Fixed Rate Accounts

Simplicity itself

Fast efficient banking with best rates available.Simple to set up

25th April 2015 forre123

Fixed Rate Accounts

minor problem, resolved efficiently

Opening the account online was simple, but due to some system glitch, the initial funds transfer into the account did not happen. This was resolved by a very helpful lady on the telephone help desk named Jeanine, who took ownership of the problem. I was able to speak to Jeanine multiple times, without having to explain the problem again to a different person, as happens with too many organisations. She called me when she said she would call, and generally gave a very good impression of Aldermore. This quality of customer service is rare these days. I am a happy customer.

23rd April 2015 nickD

Fixed Rate Accounts

GOOD SERVICE

GOOD SERVICE. I APPLIED FOR A BOND AND AND AN ISA AT THE SAME TIME WHICH SEEMED TO CAUSE SOME CONFUSION AS THE BOND WAS OPENED AND ACKNOWLEDGED BUT NOT SO THE ISA. I'M SURE THIS WILL BE SORTED OUT AFTER SPEAKING TO A VERY PERSONABLE, FRIENDLY, POLITE, MEMBER OF STAFF.

22nd April 2015 EDDIE666

Fixed Rate Accounts

A little disappointed

I previously held a 12 month bond which I converted into a 1 and 2 year bond. I was disappointed that I could not download a tax certificate for my old account (due to it being closed). When I enquired about it I was told I would receive one in the post upto 30 days after closure. Cannot it be wrote into the system to produce one automatically on closure of an account?

22nd April 2015 Jasmine

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Up to 1.25% AER*

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