Fixed Rate Savings Account

Ratings & Reviews

 
4.5  -  (1352  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 Year1.501.491.50Open an Account
2 Year1.851.831.85Open an Account
3 Year2.001.982.00Open an Account
4 Year2.752.722.75Open an Account
5 Year3.002.963.00Open 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

1268 out of 1352 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • just right for me Budgie35

    have always received an excellent service from aldermore either over the phone or by using the computer. Interest rates are always very competitive

       5/5

    28 Sep 2014
    Budgie35

  • Easy to operate; suited my needs Denise2

    Aldermore have offered good service in terms of a web site that is easy to use; a helpful customer phone line; and good written information at account maturity points.

       5/5

    26 Sep 2014
    Denise2

  • Good interest rate Karen49

    I got a good interest rate of 1.75% on this account for a 1 year fixed rate bond which is very competitive at the moment. The account was very easily opened and also paperwork arrived in a couple of days. Was very impressed.

       5/5

    24 Sep 2014
    Karen49

  • Easy and hassle free

    First class service from start to end, I would have no hesitation in recommending Aldermore

       5/5

    24 Sep 2014

  • Good rates and good service Shrewsbury123

    Good web site. My application dealt with swiftly. Very happy with the service.

       5/5

    23 Sep 2014
    Shrewsbury123

  • suited my needs perfectly Hazel

    Aldermore sent me all the required forms in the correct order. I feel quite secure that my savings will be looked after correctly and that their dealings with me will be polite and helpful. Aldermore is a relatively young Bank and has many good qualities that many other Institutions would do well to adopt.

       4/5

    22 Sep 2014
    Hazel

  • Just what I wanted janjan3

    I have another account with Aldermore, so I already knew how efficient they are with good rates as well. So simple, to open accounts and very polite helpful staff.

       5/5

    19 Sep 2014
    janjan3

Reviews for Fixed Rate Savings Account 2 Year

  • Good rate Geoffrey

    Perfectly met my immediate investment needs and look forward to long term relationship

       5/5

    24 Sep 2014
    Geoffrey

  • Suited my needs perfectly Peter1

    Used Aldermore before on a 4 year fixed rate excellent service, I have continue with another fixed rate.

       5/5

    22 Sep 2014
    Peter1

  • Just what I was looking for CaL14

    Had been watching the various options available for safe yet good investment opportunity and chose Aldermore again. Good over the phone information and help in opening an account. Also easy online access to account. Altogether, a good experience.

       4/5

    12 Sep 2014
    CaL14

  • Easy and convenient Blackcat14

    Easy, simple and hassle free account opening. Great service and efficient. Good rate of interest, slightly better than competitors. Great communication.

       5/5

    10 Sep 2014
    Blackcat14

  • conned sucker

    Interest rate lowered whilst going through application process and current rate not made clear. A complete ripoff. Not the best way to create a new bank!

       1/5

    09 Sep 2014
    sucker

  • Best deal around Lind35

    As always, very helpful,efficient and easy to deal with.I always prefer to speak to someone and there is always a friendly, helpful person at the end of the phone.It is very reassuring and gave me piece of mind.Thank you

       5/5

    08 Sep 2014
    Lind35

  • Customer is not right Sleeper

    I operate a number of accounts with Aldermore. The products are fine but it is really disappointing and very inconvenient that they do not accommodate customers' requirements. I want monthly interest to be paid to a particular savings account held at my main bankers, NOT paid to my current account #the account set up for direct debits - a system I do not use as I pay by cheque# so that the entries are mixed up with my day to day income and expenditure entries. Aldermore should be a little more flexible and meet customer expectations.

       3/5

    07 Sep 2014
    Sleeper

Reviews for Fixed Rate Savings Account 3 Year

  • Experience so far Messina

    My father's two accounts have only just been opened so it's a bit early to ask me if I'm pleased but your admin leaves me feeling distinctly unimpressed. I received two letters which told me to ring a. Umber to gain an internet ID. Number given was wrong, has been changed, so why did recent letters still have it printed? When I did get through, was told that I shouldn't ring for internet ID; it should have arrived in a Welcome Pack in the post.nit still hasn't. Not too pleased so far.

       2/5

    30 Sep 2014
    Messina

  • Tricky Account Opening Boudicea

    Took several weeks to open. Didn't hear anything so phoned. "We're very busy with applications. The rate may be withdrawn so please send cheque immediately to secure it." Cheque was sent by return but but when still didn't hear anything, phoned again, only to find that despite sending cheque the money had indeed been deposited at a lower rate! Everything was sorted out satisfactorily and the higher rate (best on the market) was given, which is why I gave good rating for service, but the hassle opening the account was disappointing.

       3/5

    30 Sep 2014
    Boudicea

  • ideal for required monthly interest wormburner

    Whilst i have always found aldermore products ideal for my specific requirements it appears that there is no notification of receipt of application including any remittance forwarded.until opening of account information.which can arrive much later,

       5/5

    29 Sep 2014
    wormburner

  • Very simple and straightforward. overthemoon

    I compare before deciding on any financial purchase and decided that although I would have liked higher interest, in the circumstances Aldermore was balanced. Their web site and procedures are clear and simple and the one query I had by telephone was quickly and politely answered and clarified. Higher interest for savers please, but quite recommendable.

       5/5

    29 Sep 2014
    overthemoon

  • Best buy 3 Year Fixed Account at time of opening ATeam

    The service from Aldermore was excellent with information arriving promptly. I had recourse to make a phone call and my issue was delt with efficiently by the knowledgeable advisor. I would ask Aldermore to consider making it clear that, on such an account as above, if the opening balance is transferred at the end of a week it is placed in a holding account over the weekend. Therefore, it will not show in a customer's account details until the following Monday. However, the interest is calculated from the day the transfer was made. This is a very noteworthy and honest practice.

       5/5

    29 Sep 2014
    ATeam

  • Excellent Ougenweide

    As a new customer of Aldermore I must say: excellent. Specially the phone service is really good. Meaning you are not left alone and guided all the time. Apart from the fact that the offer for a three year fixed bond is interesting I have the Impression that security is an important factor, too. At the Moment I would recommend Aldermore unconditionally.

       5/5

    29 Sep 2014
    Ougenweide

  • Straightforward Socks

    Suited our needs at this time. Service was excellent.

       4/5

    29 Sep 2014
    Socks

Reviews for Fixed Rate Savings Account 4 Year

(24 reviews)

 
  • satisfied customer thriftysaver

    I have several accounts with Aldermore and always look at their products when I wish to make further investments. Ease of opening and competitive rates keep me coming.back . Should I need to speak to someone on the phone I find the staff helpful and courteous.

       4/5

    30 Sep 2014
    thriftysaver

  • fixed rate account mike041

    once I changed my password so I could get on line it was very easy to open a second account it was up and running in a couple of days, I will be opening more in the future and moving isas over in the near future. the service is first class when you ring up the staff are very helpful on the phone cant fault you well done and thank you

       5/5

    12 Sep 2014
    mike041

  • 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

Reviews for Fixed Rate Savings Account 5 Year

  • A good interwest rate at this time GolferKK

    It was not made clear that the initial deposit would be taken by direct debit. In my experience this is unusual. It's much more common to open the account and then for the saver to make an electronic transfer of the funds. I transferred the funds, then Aldermore applied a Direct Debit and took the funds again. It was fortunate that my bank was able to recall the Direct Debit transfer.

       4/5

    30 Sep 2014
    GolferKK

  • Reasonable rate of interest Petermd

    This bond offered a reasonably competitive rate of interest. As an existing Aldermore customer I was able to open the account and transfer funds to it with the minimum of hassle.

       4/5

    21 Sep 2014
    Petermd

  • clear and straightforwarg process Tabatha07

    Everything was clear and straightforward. Written confirmation of account opening arrived promptly. Would definately use again.

       5/5

    20 Sep 2014
    Tabatha07

  • Excellent service as always. RetiredSaver

    Aldermore currently offer good rates of interest for savers and their on-line account opening is very easy to do and they are efficient. Keep up the good work Aldermore.

       5/5

    16 Sep 2014
    RetiredSaver

  • easy to open and competitive rate Col149

    Excellent opening of account, easy and straight forward. However, as I transferred directly from cleared bank funds, I expected the money to hit the account on the same day. The money was transferred on the 1st by debit card but was credited to the account on the 4th. I have written to Aldermore and am waiting for a reply.

       4/5

    11 Sep 2014
    Col149

  • Good ISA, but further info about it didn't get to me.dissapointed that Steve999

    When I took out 5yr FR ISA I was told that I may be able increase my contribution to 15K after July 1st, but that Aldermore policy about this had not been decided yet. I was overseas for much of Summer, but phoned early September to find out what the policy was. I was told that I could have made up the sum to 15K, but was now just too late. I was told that you had sent a letter to me about this, but this was never received. I am rather dissapointed that this opportunity has passed me by. This is the first time in my recollection that a letter from a financial institution has failed to reach me, so I will need some convincing that it was actually sent.

       3/5

    11 Sep 2014
    Steve999

  • best safe investment with monthly income Jeannie1908

    Excellent efficiency with minimal bureaucracy coupled wuth best returns in class

       5/5

    10 Sep 2014
    Jeannie1908