1 Year Fixed Rate Savings Account

1.70% Gross Annual Interest
1.69% Gross Monthly Interest
1.70% AER*
  • 4.7/5 (388 reviews)

Reviews for our 1 year fixed rate 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.

About the 1 year fixed rate account

  • Open an account online with just £1,000
  • Available to UK businesses without the need to change your existing bank current account
  • No fees and charges for day-to-day services, although there may be a small charge for non-standard services - check our tariff of charges for more detail
  • 14 day cooling off period from day of funding - if you change your mind within 14 days of funding your new business savings account we'll be happy to refund your savings
  • Easy to add or remove names or change user levels
  • Rate Guarantee - we guarantee to pay the interest rates shown (or the higher rates if we've increased them) provided that we receive your deposit within 14 calendar days of opening the account. After this time, we will pay the prevailing rate on the day that we receive your deposit
  • You have 30 days in which to make your initial deposit. Once you have done so you have a further 14 days to put more money into your account and benefit from the same interest rate. After this date any additional deposits must be placed into a new Fixed Rate Account at the interest rate offered at the time
  • No withdrawals, transfers out or closures permitted before the maturity date
  • We will contact you 21 days before your account matures detailing your options and enabling you to give us your maturity instructions. An additional reminder will be issued around 14 days prior to your account maturing

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.

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 Fixed Rate Accounts 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.

Why choose Aldermore?

  • Competitive rates of interest with no tricks, gimmicks, bonuses or introductory offers to keep an eye on
  • Fast and simple account opening. Apply, complete identity checks and arrange to move money all online, leaving you free to focus on running your business
  • Safe and secure online banking 24/7 - do it online anytime, anywhere
  • UK based expert telephone support - our UK based customer service team are available at a time to suit you
  • We have won multiple awards for our products, service and innovation


> Find out more about Aldermore

Compare your rate

We've created a unique rate checking tool so you can see in seconds exactly the rate you're being paid on your cash holdings held with another provider, as well as the interest you could expect to earn over a 12 month period.

> Try our rate checker tool

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

We are open 8am-6.30pm, Monday to Friday, excluding Bank Holidays. Calls may be recorded for training and monitoring purposes.

Rated 3 out of 5 by from Smc test review - 100113 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas volutpat consequat sollicitudin. Sed fermentum vehicula nisl, et tristique elit fermentum quis. Vivamus feugiat mattis fringilla. Pellentesque nec eros nulla, eu vestibulum sapien. Cras vel magna vel lorem semper ultrices. Pellentesque sodales purus at turpis viverra adipiscing. Vestibulum faucibus, nisl et facilisis molestie, nisl lorem hendrerit lorem, id vestibulum tellus quam eget leo. Cras eu enim nibh. Aliquam vel velit dui. Nam vestibulum, nisl sed aliquet hendrerit, tortor ante molestie lectus, eget viverra nisl odio eu quam. Suspendisse eu rhoncus purus. Integer luctus dapibus porta. Morbi ac nibh tellus, non dictum tellus. Aenean quis erat et dui aliquam mollis in et odio. Aenean aliquet, velit quis aliquam placerat, orci mauris scelerisque erat, eget condimentum nunc neque suscipit nisi. Ut id pulvinar leo.
Date published: 2013-01-10
Rated 1 out of 5 by from rubbish experience vreaverbevewrfcegr tr rtge rgrte res gvsd vfds vf d ggfre re
Date published: 2013-01-09
Rated 5 out of 5 by from Exactly what I was looking for! This Savings account from Aldermore is exactly what I was looking for
Date published: 2013-01-05
Rated 4 out of 5 by from rubbish account opening process what a terrible online experience! its a joke, not even sure they are a real bank??
Date published: 2012-12-05
Rated 1 out of 5 by from cfewadfew jckndskljaec;oiwqj;ODJWQ;jxdiwjrfo;ijwaialckjde;wliqxjroi3jor
Date published: 2012-12-05
Rated 3 out of 5 by from Yes it was good it was excellent incredible amazing fantastic i love Aldermore
Date published: 2012-12-05
Rated 4 out of 5 by from super dooper really helped me through a rough patch in the business
Date published: 2012-12-05
Rated 4 out of 5 by from great service excellent service I love Aldermore is so great no problems
Date published: 2012-12-05
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  • Fixed Rate Account
  • Business
  • Business Savings