Easy Access Account Issue 7

Unsure about locking your money away? With our Easy Access Account, you get a great interest rate and total flexibility. Withdraw cash or add to your savings whenever you like. Let's get your cash working.

1.00% Gross Annual Interest
1.00% Gross Monthly Interest
1.00% AER*
  • 4.7/5 (468 reviews)

Average customer reviews for our easy access savings account

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

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Open an account

FSCS ProtectedWhen you save with Aldermore you have the added peace of mind that comes from knowing your money is protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Please bear in mind that any deposits you have above the limit are unlikely to be covered.

Easy Access Account Summary Box

Account name

Easy Access Account Issue 7

What is the interest rate?

Gross Annual Interest Gross Monthly Interest AER*
1.00% 1.00% 1.00%

Interest is calculated daily, and paid monthly or annually.
You can choose to have your interest paid to either your Easy Access Account or your nominated UK bank or building society account.

Can Aldermore change the interest rate?

Yes, the interest rate is variable. We can increase or decrease the rate for any of the reasons set out in our Business Savings Terms and Conditions.

What would the estimated balance be after 12 months based on two example deposit amounts?

Deposit at Account Opening Balance After 12 Months Interest Earned
£1,000 £1,010.00 £10.00
£75,000 £75,750.00 £750.00

These are only examples and do not take into account your individual circumstances.
The examples assume that no further deposits or withdrawals are made and that interest earned is paid to this account annually.

How do I open and manage my account?

- To open an account you must be a UK-based business, where all directors and beneficial owners of that business are aged 18 or over, resident in the UK and only tax resident in the UK

- Business Savings does not accept client money nor provide accounts to be held in trust, and our accounts cannot be held by US Persons

- You can open and manage your account online. We will accept instructions in relation to the account through our Internet Banking Service by secure message, by telephone or by post

- The minimum deposit required to open this account is £1,000

- The maximum balance for this account is £1,000,000

- You can make additional deposits at any time

Can I withdraw money?

Yes, you can make unlimited fee-free withdrawals to your nominated account or transfers to any other Business Savings accounts you hold with us that allow deposits

Additional information

- Interest is paid gross without the deduction of income tax

- If you change your mind within 14 days of funding your account we will cancel your account without penalty or notice

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

More about the Easy Access Account

  • Available to UK businesses without the need to change your existing bank current account
  • We'll notify you personally if the interest rate changes
  • There are no fees or charges for standard account services. We may make a charge for any exceptional non-standard services which are made available to you on a discretionary basis
  • Easy to add or remove names or change user levels

What you need to open an account

You need to be a UK-based Limited Company, Limited Partnership, Limited Liability Partnership, Partnership or Sole Trader.

To be eligible to open a Business Saving account, the controlling person and all significant owners need to be resident in the UK, over 18 years of age and only tax resident in the UK. Our accounts cannot be held by US Persons.

What you'll need to open your account in under 15 minutes^:

  • Your business details (Name, Address and if you have one, your Company Registration Number)
  • The sort code and account number for your business' bank or building society account (your nominated account). You can only transfer money into your Aldermore account from this account or from an existing Aldermore Business Savings Account that allows transfers out
  • A mobile telephone that can receive text messages. This is how Aldermore will send you your account password and without it you will be unable to log into your account
  • Internet access, as all of our business savings accounts are online accounts and are opened and managed online
  • We do not provide accounts for client money or accounts to be held in Trust
  • To have read the Easy Access Account Summary Box and the Business Savings Terms and Conditions


Once your account is open arrange to transfer money to us and make the most of your savings.

 

^ We will let you know online how to fund your account. The majority of new customers are able to fund and use their account straightaway. If this is not the case we will ask you for further information before you can activate and use your account.


 

The rates we have previously paid on our Easy Access Account are shown on our Historic Rates Page.

Can We Help With Anything Else? Email Us Call Us: 01733 821 321

We are open 8am-6pm, Monday to Friday, excluding Bank Holidays. Calls may be recorded for training and monitoring purposes.

  • Business
  • Business Savings