Fixed Rate Savings Account

Ratings & Reviews

 
4.5  -  (1266  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

1188 out of 1266 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • My best choice in current interest conditions Curly86

    I was prepared for a longer investment period but decided to extend only until after the general election and,perhaps,a better prognosis of likely interest rates.The accomodation of the investment was clear and efficient as is normal for Aldermore i

       4/5

    01 Sep 2014
    Curly86

  • easy,quick and no bother gayle

    Very easy and call center wasn't a machine and gave straight forward answers to questions. So much better then a lot of other sites.

       5/5

    28 Aug 2014
    gayle

  • Exactly what I was looking for.

    As a pensioner in these days of low interest rates, I am always on the lookout for suitable new savings products. Aldermore's 1 Year Fixed Rate Account provided a better rate than my other best Building Society Account (albeit only 0.3% net better) so I decided to take advantage of the new offer and moved some money from the Building Society Account. Setting up the new account on the internet was very easy and I am totally happy with the outcome.

       5/5

    27 Aug 2014

  • 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

Reviews for Fixed Rate Savings Account 2 Year

  • Telephone help... malcolm7

    having locked myself out of the online access once or twice, so far .... phone contact has been efficient and above standard experienced elsewhere. Online access is secure and easy to use, would recommend.

       4/5

    01 Sep 2014
    malcolm7

  • Simple to set up the account Oink14

    Everything was very clear and easy to be able to set this account up online. A confirmation letter which again was very clear arrived in the post promptly with all the information required.

       5/5

    01 Sep 2014
    Oink14

  • Best rates available Ingle

    Opened via post. Very straightforward & easy. Paperwork came on time.Very pleased with the service. Would use again.

       5/5

    30 Aug 2014
    Ingle

  • Competitive interest Rate Lin0033

    Very easy and straight forward to open on-line. Only down side is the maximum amount other institutions allow you to transfer electronically per day, as all funds have to reach this account on the same day. Had to send a cheque to ensure the total amount invested reached the account on the one day. Very competitive interest rate when other institutions are reducing their rates.

       5/5

    30 Aug 2014
    Lin0033

  • I was looking for a 2-year fixed term account with a competitative rate and the product suited my needs very well. Flanders13

    Website easy to use and the account was opened very quickly. When I had a problem (of my own making) I rang Aldermore and received an excellent service from their staff.

       4/5

    29 Aug 2014
    Flanders13

  • Couldn't have been simpler.

    Account easy to set up online. Confirmation by post sent same day. Direct debit taken on correct day. I had never heard of Aldermore but to say I am impressed with the service so far would be an understatement. Well done! Other financial institutions could learn a lot from Aldermore.

       5/5

    28 Aug 2014

  • Excellent, Just what I wanted. ratesspeak57

    As always, your investment products and service are second to none! I have been an Aldermore customer for a number of years now and have had no hesitation whatsoever in recommending you to my family and friends.

       5/5

    28 Aug 2014
    ratesspeak57

Reviews for Fixed Rate Savings Account 3 Year

  • Suited my needs perfectly Jenny61

    Excellent website and such an easy process to open an account.

       5/5

    29 Aug 2014
    Jenny61

  • Hassle-free and professional SJN26

    Setting up the account was straight forward. Aldermore help desk was extremely helpful. Would definitely recommend.

       5/5

    29 Aug 2014
    SJN26

  • This is the worst investment i have opened and i have many in respect of efficiency and after 2 weeks i have not had my Driving Licence returned to me Unsatisfied

    that I sent for identification purposes. I would never recommend Aldermore

       1/5

    28 Aug 2014
    Unsatisfied

  • Clear, straightforward process AV01

    A very clear and straightforward process to open a first account, and to open subsequent accounts.

       5/5

    28 Aug 2014
    AV01

  • Quick, easy and good rate MaRcO

    I think the summary says it all. Wotcha fink? and five more words here

       5/5

    27 Aug 2014
    MaRcO

  • efficient opening process masha

    I chose Aldemore for its competitive interest rates. I was extremely impressed by the efficiency, simplicity and speed of the process for opening the account. I was also pleased with the paperwork which followed eg confirming my initial deposit. Overall the process and experience was so much better than the 'household names' that I have dealt with previously.

       5/5

    27 Aug 2014
    masha

  • 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

Reviews for Fixed Rate Savings Account 4 Year

(22 reviews)

 
  • Consistent service Christoph22

    I now have 3 term deposits because of rate and service

       5/5

    27 Aug 2014
    Christoph22

  • 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

Reviews for Fixed Rate Savings Account 5 Year

  • a good interest rate, better than most maegaret8

    I had a few questions that needed clarification prior to proceeding with my investment. Contact by both email & phone was dealt with promptly, efficient and fully.

       4/5

    29 Aug 2014
    maegaret8

  • The future for banking Ken23

    We have been using Aldermore for over 5 years and are really satisfied with all aspects of their business from ease of use to excellent customer service. This is how all banks should behave and we hope that it continues to promote a good example within the industry.

       5/5

    27 Aug 2014
    Ken23

  • 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