This is a type of savings account where you can pay in a monthly amount on a regular basis for a set period of time. You’ll typically get a better interest rate than you'd get with an easy access account.

With our Regular Saver Account Issue 1, you’ll need to pay in £25 to open the account and the account runs for 12 months from the date your first deposit is received. The maximum monthly deposit amount is £300 in total per calendar month, which can be made in one deposit or multiple deposits.

You don’t have to make a deposit each calendar month. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.

If you make a deposit of more than the maximum monthly amount of £300, this will be returned to your nominated account. If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.

Our accounts are open to a wide range of people for a wide range of needs, just so long as you:

• are aged at least 18
• are resident in the UK and only tax resident in the UK. Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income)
• have a UK bank or building society account, on which you’re named as an account holder. This is your nominated account and you can only transfer money into your Aldermore account from this account
• don’t already have an Aldermore Regular Saver Account (Issue 1). You can only open one of these accounts

You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account. Please make sure that any payments you send us reach us within the calendar month they’re intended for. If you’re making regular deposits of the same amount each month, it may be easier to set up a standing order. This  will need to be set up on or before the 25th of each month to allow enough time for payments to reach the account within the calendar month.

You need to deposit £25 to open the account. You can pay in as little or as much as you like each month, up to a maximum monthly amount of £300. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.

If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.

Yes, you can make unlimited withdrawals to your nominated account or transfers to any other Personal Savings accounts you hold with us that allow deposits.