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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

Suited my needs at the time.

As I have only just opened the account with you it is somewhat premature to comment on my findings with the Aldermore Bank when this is based on just a week or so. The market at the moment is not very attractive for investors, and this is right across the board thus not aimed specifically at your bank. The market should be kinder to the investor to encourage investment as saving itself has dropped dramatically across the population. Banks should be fairer to those wishing to invest. P.Kijak

28th February 2015 petrolhead

Fixed Rate Accounts

Nice and easy to become an Aldermore customer

easy newstart customer process - clean effective and meets specifically my needs

27th February 2015 lolly15

Fixed Rate Accounts

Very good.

It's exactly as the star ratings above. Not given five stars, although very much inclined to do so, but that can be done when the investment matures.

27th February 2015 Locket4plus4

Fixed Rate Accounts

Efficient and competitive

I recently opened a Fixed rate 1 year account with Aldermore. Opening the account online was quick, easy and hassle-free. The interest rate on the account was competitive. I received the account information and relevant papers within a few days of opening the account. The only reason I haven’t given “5 stars” is because my experience has so far been limited to account opening. However, so far I am very pleased and would definitely consider them again in the future.

26th February 2015 Mira

Fixed Rate Accounts

Easy peasy

Fair rate of return at the time and extremely easy to set up online as we already have one other account with Aldermore.

26th February 2015 fanniann

Don't want a fixed rate?

Personal Savings

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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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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*