Aldermore's business savings accounts can be opened without the prerequisite of having to move a company's existing bank account in order to benefit from the competitive rates available. The business savings accounts can be opened online and are operational the instant the account is live, enabling deposits to be transferred from other lower paying accounts straight away.
The products are only available to SMEs - Limited Companies, Partnerships, LLP's and sole traders - and include both easy-access or fixed-rate term products of six months or one year.
By following the simple online referral process advisers will receive commission when the account is opened* based upon the account balance.
John Cupis, Managing Director, Mortgages, at SBG, commented: "At a time when there is a need for quality savings propositions for SMEs, we are pleased to be working with Aldermore to bring this proposition to our advisers. The business savings accounts can be opened quickly and simply online, without the need for meetings or the completion of lengthy paper application forms."
Simon Healy, Managing Director of Savings at Aldermore, said: "We're excited to be working with Sesame Bankhall Group, as it means that we will ultimately be able to help more SMEs make the most of their cash, leaving them free to get on with the day-to-day running of their business."
* Commission is paid after the account has been open and funded for 15 days.
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About Sesame Bankhall Group
- Sesame is one of the UK's largest appointed representative (AR) networks with 1,250 member firms.
- Bankhall is a market-leading support services business for 1,500 directly regulated IFA firms.
- PMS operates one of the largest mortgage clubs for directly regulated mortgage brokers in the UK.
Services provided include compliance and regulatory support, access to one of the UK's most comprehensive training and development programmes, in-depth product research, preferential PI terms and access to market-leading technology to enable advisers to write business more efficiently.