Fixed Rate Savings Account

Ratings & Reviews

 
4.5  -  (1241  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

1165 out of 1241 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • Easy transfer, mediocre interest rate Stu57

    Easy to transfer over accounts online, but mediocre interest rate

       3/5

    25 Aug 2014
    Stu57

  • Quite Good Costra

    Reasonable fixed rate account, interest rate better than most others on offer.

       4/5

    25 Aug 2014
    Costra

  • Friendly, but 2 transactions incorrect Tiredfred

    First, I transferred an Aldermore ISA to another bank. The transaction was made several days after the date you said it would be. Second, I was left with a 30day notice account. On 15/8/14 I spoke to your s'man. I asked that £1000 be left in this account and a new 1 Yr Fixed Rate account be opened. On 22/8/14, I saw that you had closed my original account and started a 1 Yr fixed Rate account. If you make notes on accounts, you will see that I had previously told your agent that I would do this. So you should have 2 records of what I asked to be done. I again spoke to another agent who said that she will correct this and give me the accounts I asked for. No other bank has made mistakes like this with an account of mine.

       3/5

    23 Aug 2014
    Tiredfred

  • Appropriate for me at this time Lavender

    Most disappointed you did not contact me within the specified time of 5 business days to verify my account details. I was quite worried and had to resort to telephoning you at my expense to check the actioning of my account. Moreover I received the review E-mail before your confirmation. Most unprofessional!

       3/5

    22 Aug 2014
    Lavender

  • 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

Reviews for Fixed Rate Savings Account 2 Year

  • A bond was maturing and this suited my needs for further investment. Helen52

    A 1 year bond was maturing and I checked all the options available at the time and this 2 year bond suited my needs with good interest rates. I needed something which pays interest monthly to give me a regular income as I'm retired. I have found the website easy to navigate and have not had to contact anyone by telephone. When these offers are on you have to act quickly to invest.

       5/5

    26 Aug 2014
    Helen52

  • Best rate around at the time Adw011

    Had some of my initial deposit rejected & returned - had to resubmit it. Other than that, the account opening process was simple - I am a returning customer

       5/5

    26 Aug 2014
    Adw011

  • A fixed rate bond for a period I was seeking. Seabiscuit

    Despite an obvious problem in the Branch, no computers working, the staff were excellent in completing the necessary forms and just the following day, I received confirmation that the account had been opened!.

       4/5

    25 Aug 2014
    Seabiscuit

  • No real problems Smithy365

    The rate is disapppointing in that it doesn't even match inflation after tax, but at least it is the best currently available from a reputable deposit-taker. The procedure overall was simple and efficient, but it would have been preferable to have had the option of making payment by BACS or debit card. Direct debit meant that the money had to lanquish in my current account earning no interest whatsoever for 5 days (weekend included).

       4/5

    25 Aug 2014
    Smithy365

  • Provides a good rate at current times A4aljlj

    Proved to be exceptionally simple to deposit funds and everything went smoothly. Highly recommended

       5/5

    24 Aug 2014
    A4aljlj

  • Excellent service EdJon

    Normally invest with the larger institutions but with the higher interest rate offered by Aldermore being higher thought i would give them a try,and must say i was very impressed with the simplicity of opening the account,and the confirmation of stages received by post. Would certainly use again and recommend to others based on my experience

       5/5

    23 Aug 2014
    EdJon

  • No complaints, all went smoothly Taffy

    Customer Service was helpful and polite. A stress free experience with a competitive interest rate offered.

       5/5

    23 Aug 2014
    Taffy

Reviews for Fixed Rate Savings Account 3 Year

  • My first experience of Aldermore and I'm very happy!

    I contacted Aldermore to set up 2 Fixed Rate Savings accounts, a 3 year and a 1 year, for my mother-in-law under Power of Attorney. The website is excellent and so are the products. Phone conversations with Gary on 2/8/14 and Ashley on 7/8/14 were also great - very helpful and professional. However, I was only sent an application form for one account in the initial pack which led to the second call. The cheques sent with the two forms were presented for payment by Aldermore immediately but I had to call a couple of weeks later on 20/8/14 (spoke to Joanna who was also excellent) to chase up the paperwork. The 'account open' letter has now arrived but the 'welcome pack' is still awaited. Looks like Aldermore is great on the website, in dealing with customers on the phone and in banking cheques but a little slow in processing the follow-up documentation. This is not a major criticism just an observation in response to your question - I'm very pleased indeed to be an Aldermore account holder.

       4/5

    26 Aug 2014

  • So easy to open an account Carys4

    I was surprised how good the experience was. I did not have to fill out endless forms and answer enquiries until the cows come home. I down loaded a form, filled in and sent off with a cheque. Easy. I had one problem with the online password, but that was good, because it showed they have good security and they take there customers online safety seriously. Overall a good experience and I would recommend this company to anyone. I hope this helps.

       5/5

    26 Aug 2014
    Carys4

  • Always user friendly and efficient MiniHaha

    I was very happy with my other account with you and also have peace of mind with this new one.

       5/5

    25 Aug 2014
    MiniHaha

  • All that I hoped (so far) George84

    I've looked at Aldermore as a home for savings for some time, and now taken the plunge. I found the bank approachable, and straightforward when my old savings providers were not bothered. I look forwad to seeing how things go.

       5/5

    24 Aug 2014
    George84

  • Easy to open Zodiac

    Very simple to open, especially if you have existing account.

       4/5

    23 Aug 2014
    Zodiac

  • Good product, professional service. ElPed

    Best available rate at the time and good peer reviews.

       5/5

    23 Aug 2014
    ElPed

  • exactly what I was looking for Poppy13

    opened account as Deputy under Court of Protection - this was understood immediately (unlike some institutions) and advice given on the phone - documents sent out next day and all ID was returned under "signed for" which was a first for me so was impressed as court document was an original - well done

       4/5

    22 Aug 2014
    Poppy13

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

  • Very straightforward to open my account Lion1

    Aldermore have very efficient systems in place and it's a pleasure dealing with them by telephone, as their hours of availability are helpful and they don't keep people 'hanging on' for ages to answer calls.

       4/5

    26 Aug 2014
    Lion1

  • Tip top financial service Hopscotch

    Aldermore seems to me to set the gold standard: everything about the service I have received has been faultless: prompt, reliable service, clearly written letters and information, good quality design and paper (creates a good feeling about the company), very good interest rates, especially at the moment. Most important, the company gives me a feeling I can trust it completely - quite rare in financial services.

       5/5

    26 Aug 2014
    Hopscotch

  • Suited my needs Mac29

    The account was easy to set up, with minimal delay. Letters of confirmation arrived promptly.

       4/5

    25 Aug 2014
    Mac29

  • good product madge

    Wanted a account to give me a month interest that was a decent investment which after a lot of time doing research seemed to be the best one around I have not used Aldermore before but everything seems OK there was a slight problem with paper work but they did ring me which was better than backward forward with paperwork

       5/5

    22 Aug 2014
    madge

  • 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