Fixed Rate Savings Account

Ratings & Reviews

 
4.5  -  (1201  Reviews)
 


Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

TermGross Annual Interest (%)Gross Monthly Interest (%)AER* (%)
1 Year1.751.741.75Open an Account
2 Year2.001.982.00Open an Account
3 Year2.702.672.70Open an Account
4 Year2.902.862.90Open an Account
5 Year3.103.063.10Open an Account

* AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Key benefits

  • 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

 Things you need to know

  • 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

 

Managing your account with us is simple and straightforward. Check our
Key Features for more information on how your account works.

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.

Award Winning Fixed Rate AccountsMoneyfacts Awards - Best Bank Savings Porvider 2013

We’re extremely proud to be awarded ‘Best Bank Savings Provider’ for our straightforward and rewarding savings accounts.

View Awards

Ratings & Reviews

1131 out of 1201 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • Good start.....can it continue? Tigers

    No problems starting, process as good as the rest better than most. All automated though, no sign of an actual person. Next: how will they fair when a problem arises? Will they be impossible to contact? Will that process be automated also. Finally: how will they be upon maturity? I await with anticipation!

       4/5

    21 Aug 2014
    Tigers

  • Excellent Stevie1

    Have now been with Aldermore about 5/6 years and cannot fault anything. In fact, the service seems to be improving with age. Keep up the good work. Others should take note from you.

       5/5

    21 Aug 2014
    Stevie1

  • Easy as pie! Helena22

    I selected this savings account having read about it in a national newspaper. It was very simple to apply for on-line, and all the follow up correspondence was spot-on in terms of accuracy and timeliness, I would be happy to recommend Aldermore to others, looking for a similar short-term savings option.

       5/5

    21 Aug 2014
    Helena22

  • Perfect for my requirements Jude999

    Having chosen the on-line 1 year fixed rate bond I found it very easy to open on-line and the interest rate quoted was comparable with others on the market at the time. I have never had any dealings with this bank before but having read up about them before opening the account I am more than satisfied.

       5/5

    20 Aug 2014
    Jude999

  • Effective and easy internet savings David18

    Read about this bank in a newspaper and as the savings rates were good decided to set up an account. The process was very straightforward with no problems. I had one query and telephoned which was dealt with very quickly and politely. Will continue to use their services.

       5/5

    19 Aug 2014
    David18

  • User friendly OSCAR

    A good experience which was user friendly and a very helpful advisor when I telephoned with a query

       4/5

    19 Aug 2014
    OSCAR

  • The product was what I wanted Sunny

    As I was depositing a large amount in the Fixed Rate Account your staff suggested that I write a letter asking for confirmation of receipt of the cheque. This did not happen and I phoned to get that confirmation - the operator said that they did not send emails but someone could have written. You received all my documents on 12 August. You returned my ID documents which arrived on 18 August and finally on 19 August you sent details of my account - 8 days to confirm my account? And nowhere in your letter does it confirm that my interest will be paid monthly into my nominated bank .

       4/5

    19 Aug 2014
    Sunny

Reviews for Fixed Rate Savings Account 2 Year

  • Very competitive rate and easy to initiate. GB55

    Very pleased with all so far, next fiscal year will be looking for a home for 30k , so look forward to seeing your ISA propositions, I had used my allowance Already this year. Good luck with your flotation and would be pleased to receive a share prospectus.

       5/5

    21 Aug 2014
    GB55

  • A very efficient process Joce

    In today's market the two year fixed rate is acceptable, if not exciting! This was adding a second two year fixed rate savings account and the process is very straightforward.

       5/5

    21 Aug 2014
    Joce

  • The best product available

    The main thing I was impressed by was the help I received when opening my account on line. The staff were most pleasant and helpful and put me at my ease . The product itself was certainly the best rate available for the amount I had to invest.

       5/5

    21 Aug 2014

  • Best 2 year fixed rate at the time. Rockweiller

    I found the whole process extremely simple by applying online and posting a cheque to the address sent to me following my application. I then received written confirmation of my account and balance a few days later.

       5/5

    21 Aug 2014
    Rockweiller

  • Delay in Funding Kate3003

    Simplicity itself in opening the account, but I had to wait 11 days before the money was taken by direct debit. I could have transferred the funds myself by Bank Transfer on the same day as opening the account. I understand the need for a nominated account, but why did I have to wait. Account opened 10/8/14. Account funded 21/8/14. Maturity date 11/8/16

       4/5

    21 Aug 2014
    Kate3003

  • Good experience ealing

    Good straight forward guidance prompt good online and postal information. Bond set up with minimum fuss.

       5/5

    21 Aug 2014
    ealing

  • couldent have been easier Magsy45

    This 2 year bond suited my requirements perfectly. The whole process was straightforward and was completed without a hitch! The interest rate was very competitive too!

       5/5

    21 Aug 2014
    Magsy45

Reviews for Fixed Rate Savings Account 3 Year

  • Best interest rate available for product rachel12

    Account opening on line was simple and completed in minutes. Confirmation by return e-mail and all further documentation gave us confidence we were dealing with an efficient partner.

       5/5

    21 Aug 2014
    rachel12

  • Reasonable interest rate with excellent service

    I have recently renewed a fixed fate bond because Aldermore offered a reasonable interest rate with their usual excellent service.

       4/5

    21 Aug 2014

  • Best rate from a reliable supplier at the time Simon54

    Best market rate at time of purchase. Easy to apply

       4/5

    21 Aug 2014
    Simon54

  • Met my current basic requirements jac71

    Product provided a reasonable return in a difficult market

       4/5

    21 Aug 2014
    jac71

  • Simple, good value products Stephen

    Market leading interest rates for fixed term bonds. Easy to understand. Easy to apply. Easy to operate online. Simplicity is the key, and Aldermore deliver.

       4/5

    20 Aug 2014
    Stephen

  • very efficient chopsey

    A simple effective process for opening a new account and money transfer - hassle free

       5/5

    20 Aug 2014
    chopsey

  • Opening a Fixed Rate Savings Account 3 Year Brian11

    As always a very easy & professional process. My only complaint is the low interest rate but it's among the best in a bad market at the moment. Was reluctant to tie up for 3 years but it's the only way to get a half decent rate.

       5/5

    19 Aug 2014
    Brian11

Reviews for Fixed Rate Savings Account 4 Year

(21 reviews)

 
  • Most straightforward, efficient Bank I have ever dealt with jimbo2

    This is the second account that I have opened in the last few months - The first account opening for so easy and quick that I began to think that it might have been a "one- off" - but no - 2nd account opening was the same - brilliant - why don't you run courses for the management of other banks to learn how it should be done !! - thanks again -

       5/5

    19 Aug 2014
    jimbo2

  • Very satisfied LincsLady

    I am very pleased with my choice, ease of completion good. Only just opened the account, but hopefully everything will run smoothly.

       4/5

    19 Aug 2014
    LincsLady

  • Competitive saving rates and really easy to deal with TFAdZ

    Competitive saving rates and really easy to deal with

       5/5

    15 Aug 2014
    TFAdZ

  • Best service Opkar

    Compare to other financial institutions I found that dealing with Aldermore is very simple. Received quick and efficient response. 4year fixed rate very good and compatative compare to any other banks.

       4/5

    05 Aug 2014
    Opkar

  • Easy to set up and no problems Tony48

    Excellent website account opened quickly and very quick to speak to them no waiting in a queue! Thank you

       5/5

    26 Jul 2014
    Tony48

  • Excellent MARY70

    Very happy with the prompt service;would certainly recommend them

       5/5

    24 Jul 2014
    MARY70

  • Opening account. Ivy2

    All went well except paying my money in, I set up a Direct Debit but your wording was confusing ie I did not know if I had to pay into my account so I email you and you said you could not answer the question. So I paid it in on 16/07/2014, that was wrong you took the same amount out of my Bank which leaves me overdrawn. I phoned you and you said this would be sent to my Bank and I understand this has been done and should be in my Bank by 20/07/2014.

       4/5

    20 Jul 2014
    Ivy2

Reviews for Fixed Rate Savings Account 5 Year

  • it seems to be a good buy bessie

    We found it quite straight forward, The security questions provided problems as I do not drive and we did not see that only a copy of my passport was required. we questioned this by e mail and we got no reply.Aldermore said they replied but nothing arrived they said they sent three replies but nothing appeared anywhere on my computer.In the end we talked to them and sorted it. not a big problem in retrospect,otherwise everything went well.. When we are looking for another account in the future we will certainly look at Aldermore.We know we should have read the details more closely but we did not

       4/5

    21 Aug 2014
    bessie

  • Offered great rate when reinvesting. Steve52

    The account was really easy to understand and I have had no problems whatsoever over the 5 years since I opened it. When it came to reinvesting I was offered a rate above what other banks were offering , which made my decision very easy.

       5/5

    20 Aug 2014
    Steve52

  • Aldermore " listen " if there i a problem ! Pann

    During the set up process , I encountered a small problem . My point is by speaking quickly on the phone service people , the problem was nicely resolved . When things g right you are happy BUT if there is an unexpected problem AND IT IS SORTED OUT , then I was happy giving confidence overall

       4/5

    19 Aug 2014
    Pann

  • Ease of investment with a good rate of interest NorfolkBoy

    I wanted a reasonably long term account with a guaranteed good rate of interest for money I was investing as Power of Attorney for my cousin. She has no passport or driving liccence or utility bills (she is in a care home) and all her correspondence comes to my address. Because of this I have had considerable difficulty with other organsations from an identification point of view. I was impressed with the way Aldermore dealt with this without any hassle or problems. The security information is comprehensive but easy to set up.

       5/5

    11 Aug 2014
    NorfolkBoy

  • Straightforward Mushroom

    Straightforward, simple and quick to open,the 5 year fixed rate account seems to suit my needs

       5/5

    08 Aug 2014
    Mushroom

  • Best interest rate I could find for this type of account Titanictone

    Everybody I spoke to was friendly and helpful and everything was set up without any fuss. The company also offered the best interest rate for this account type that I could find. I'm not quite sure why the company set up a direct debit on my current account as this is a five year bond, and apart from the monthly interest payments, there will be no transactions in either direction for five years. However, I am confident the facility will lie dormant for this time. The account has only just been opened, so I haven't seen a monthly interest payment yet! However I see no reason to think things could go wrong. Like most companies, financial and otherwise, I think they ask for a review too early, before the review writer has had enough experience with the company to form a solid opinion. Ask me again in five years!

       4/5

    08 Aug 2014
    Titanictone

  • Efficient website with competitive range of products miriam1

    Was easy to implement online and there was sufficient choice to enable me to select a product that met my requirements at a competitive interest rate.

       5/5

    07 Aug 2014
    miriam1