If you have a variable rate mortgage or savings account with Aldermore, you can find out more about what this means for you below.


Information for Aldermore customers

Following the 0.25% increase to the Bank of England Base Rate on 03 August  2023, we increased our variable mortgage rates by 0.25%.

Existing customers with mortgages linked to the Bank of England Base Rate (BBR) increased by 0.25% on 1 September 2023. 

The Aldermore Managed Rate (AMR), the Bank’s standard variable mortgage rate, increased from 9.48% to 9.73% from 1 September 2023 for existing customers, with an account linked to AMR.  

The government has announced new support for residential borrowers who are worried about making their mortgage payments due to the recent increases in mortgage rates. We’ll be in touch as soon as we have more information to share. If you are concerned about making your mortgage payments, visit our money worries page to find out how we can support you. 

The latest changes to our variable rate savings accounts are shown below.

Business Savings

With effect from Friday 08 September 2023:

  • All issues of the Easy Access Account increased to 3.25% AER*


Personal Savings:

With effect from Tuesday 19 August 2023:

  • Easy Access (all issues) increased from 4.25% to 4.50%*
  • Double Access increased from 4.70% to 4.90%*
  • Double Access reversionary rate (for 3 or more withdrawals) increased from 1.00% to 1.50%*
  • 30 Day Notice (all issues) increased from 4.30% to 4.55%*
  • 45 Day Notice increased from 4.35% to 4.60%*
  • 60 Day Notice increased from 4.35% to 4.60%*
  • 90 Day Notice increased from 4.40% to 4.65%*
  • 120 Day Notice (all issues) increased from 4.55% to 4.80%*
  • 30 Day Notice ISA (all issues) increased from 4.25% to 4.50%*
  • 60 Day Notice ISA (all issues) increased from 4.30% to 4.55%*
  • Help-to-Buy: ISA (all issues) increased from 3.60% to 3.85%*


We'll notify all affected customers individually within 30 days of the changes.

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