1 Year Fixed Rate Savings 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

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 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.

• 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

• How do I make my opening deposit and any additional deposits?
• How do I withdraw money from my fixed rate account?
• How does the rate guarantee for fixed rate accounts work?
• What happens when my fixed rate account matures?
• I'm an existing customer, how do I open another Aldermore business savings account?
• What sort code and account reference do I need to use to pay money into my account from my nominated account?

> View all Business Savings FAQs