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1 Year Fixed Rate Savings Account with Access

1.15% Gross Annual Interest
1.14% Gross Monthly Interest
1.15% AER*
  • 4.5/5 (19 reviews)

Reviews for our fixed rate with 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.

1 Year Fixed Rate Savings Account with Access Summary Box

Account name

 1 Year Fixed Rate Savings Account with Access

What is the interest rate?
Gross Annual Interest Gross Monthly Interest AER*
1.15% 1.14% 1.15%

Interest is calculated daily, and paid monthly or at maturity.
You can choose to have your interest paid to either your Fixed Rate Account or your nominated UK bank or building society account.

Can Aldermore change the interest rate?

No, the interest rate is fixed and will not change for the term.

What would the estimated balance be after 12 months based on two different deposit amounts?
Deposit at Account Opening Balance at Term End Interest Earned
£1,000 £1,011.50 £11.50
£75,000 £75,862.50 £862.50

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 at maturity.

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

Can I withdraw money?

- You can make one withdrawal to your nominated account, or one transfer to another Aldermore Business Savings Account, of up to 25% of your savings during the fixed term

- In exceptional circumstances we may permit early withdrawals from or closure of the account prior to the maturity date (in excess of the permitted 25%) but this is at our discretion, subject to evidence we will request, and we are not obliged to do so. In the event that we grant permission we may deduct 90 days’ interest as a condition

- 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

- If you do not advise us of your maturity instructions, your account will roll into another Fixed Rate Account with Access of the same term or similar term

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 1 Year Fixed Rate Savings Account with Access

  • Available to UK businesses without the need to change your existing bank current account
  • 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
  • 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 1 Year Fixed Rate Savings Account with Access 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.


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.

  • Fixed Rate Account
  • Business
  • Business Savings