• FSCS Protected

    Your money is protected up to £85,000 by the Financial Services Compensation Scheme.

  • Easy account opening

    Apply online at whatever time of day works for you.

  • Rated excellent

    Rated "excellent" by our customers on Trustpilot.

  • Award winning

    Recognised by Moneynet and Savings Champion in their 2022 Awards.

1 year fixed rate business savings account

Interest rate (AER*)

  • 4.51%

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Minimum opening balance

£1,000

Term

1 year

Suitable if you

  • Want a guaranteed rate of interest
  • Won’t need to make a withdrawal during the term
  • Have a lump sum to deposit and won’t want to add money to it later

6 month fixed rate account

Interest rate (AER*)

  • 4.25%

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Minimum opening balance

£1,000

Term

6 months

Suitable if you

  • Want a guaranteed rate of interest
  • Won’t need to make a withdrawal during the term
  • Have a lump sum to deposit and won’t want to add money to it later

Easy access business savings account Issue 9

Interest rate (AER*)

  • 3.66%

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Minimum opening balance

£1,000

Suitable if you

  • Require flexibility to add or withdraw money at any time
  • Are unsure about locking your money away
  • Want to earn a consistently competitive interest rate

Why choose Aldermore?

  • Fast and simple account opening - apply online at your own convenience
  • Safe and secure online banking 24/7
  • Peace of mind. Your money is protected by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Please bear in mind that any deposits you have above the £85,000 limit are unlikely to be covered.
  • Our UK-based team of dedicated savings experts are on hand to help you
Friends sitting on bench having ice cream

Frequently asked questions

We fully understand that your time is important and best spent on running your business. That’s why we’re committed to providing an easy, straightforward, secure service and a rewarding home for your savings:

  • Apply online in minutes - we’ll tell you what you need to have to hand to make this process as simple as possible
  • Deposit money from your Cashplus current account, which will then be your dedicated linked account with us to either pay more money in or to make a withdrawal.
  • All transactions such as change of details are self serve online
  • At maturity of a Fixed Rate account we’ll contact you in advance notifying you when this will be. You can give us your instruction online as to what you want us to do with your money, pay it back to your Cashplus dedicated account or choose to have it deposited in another savings account with us. If you don’t confirm your maturity instructions before we process your maturity then we’ll put your money into another fixed rate account of the same or similar term.

Our knowledgeable agents are solely dedicated to Business Savings customers and can be contacted by phone on 01733821321, by email at businesssavings@aldermore.co.uk or by message where existing customers can log in and send us a secure message.

We are open 8am-6pm, Monday to Friday, excluding Bank Holidays.

Looking after existing customers is crucial to building a strong and successful business, it allows it to grow and meet the changing needs of the world around it. Cashplus introducing customers to the benefits of holding money in a business savings account with Aldermore, whilst still manage their day to day banking relationship, seems an ideal arrangement. In fact it’s the best of all worlds.

Cashplus will receive a referral fee from Aldermore based on the value of the money you save with us. The fee doesn’t affect the interest rates that we pay you, it’s the same rate as anyone who comes directly to us will be paid. The fee paid is 0.05% per £1,000 of the opening balance saved, so if you opened an account with £5,000 we’d pay Cashplus £2.50.

Aldermore was born in the financial crisis of 2008 with the objective of backing people to fulfil life's hopes and dreams. We support our lending business with an award-winning online personal and business savings franchise. We champion equality by supporting the exceptions to the rule and getting finance to where it’s needed by lending the money people save with us, to people who want to get on in life; building businesses, buying property and purchasing vehicles.

The Group consists of two operating companies, Aldermore Bank plc and MotoNovo Finance Limited. Aldermore Bank provides finance to business owners, homeowners and landlords, and supports savers. It operates exclusively online, by phone and through networks. MotoNovo Finance helps people buy their next car, van or motorcycle.

We now manage over £2.3 billion of savings for 1,000’s of UK businesses.  

Aldermore Group is part of FirstRand Group, the largest financial services group in Africa by market capitalisation. Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.