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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.

‘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
1.60%
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

Best of the bunch

Having trolled through dozens of banks considering their product I eventually decided that Aldermore suited me best. I already have a couple of business fixed term accounts with them and have now opened a private fixed term deposit. Whenever I have decided to ring them they have given me excellent advice and I haven't had to wait hours to speak to a human being. Very friendly and knowledgable staff. A pleasure to do business with.

26th March 2015 Magi100

Fixed Rate Accounts

Investment Renewal

Aldermore's rates were comparable to those in the marketplace and from previous experiences, I was aware of the ease of investment/renewal. Once again, they did not disappoint.

23rd March 2015 GrumpyGrandpa51

Fixed Rate Accounts

Need a fixed rate for pension funds

Hopefully the rate on the 1 Year Fixed Rate Savings Account will not change as my funds will not be available until 2nd April 2015.

12th March 2015 Martin13

Fixed Rate Accounts

good rate, easy to open

Straightforward product, good rate. The only small negative was that it took Aldermore 3 working days to take the direct debit from my current account (which the product application DID warn me about - I was hoping they were just being cautious), so that was interest lost for those days.

11th March 2015 Dai123

Fixed Rate Accounts

Good to deal with.

On the strength of a previous investment with Aldermore, I was happy to take out this bond. Even though they were not offering the absolute best rate I felt that the couple of points less was more than made up for by the ease and efficiencyof their dealings. No waiting about for confirmation of money receipts and all information easy to access.

11th March 2015 Marion21

Don't want a fixed rate?

Personal Savings

Notice Cash ISAs
  • 4.7/5 (19 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

Notice Accounts
  • 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*

Personal Savings

Easy Access Account
  • 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*