Notice Savings Accounts - Aldermore Bank

Which? Recommended Provider - Savings Accounts November 2020

Which? Recommended Savings Accounts Provider for the last two years - 2019 and 2020

Notice Accounts

Term

Gross Annual
Interest

Gross Monthly
Interest

AER*

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Term

30 day notice

Gross Annual Interest

0.40%

Gross Monthly Interest

0.40%

AER^

0.40%

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Choice of fixed term from 60 days up to 5 years

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60 DAYS {{aldermoreProduct.RatesCfra.MinimumInterestAnnual}} AER^

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Figures are for illustrative purposes only and are rounded to the nearest whole pound Open an account

You could earn {{cfraKeyString}} {{interestEarnings | currency: '£' : 0}} {{interestEarningKeyString}} over {{compareTerm}} months with Aldermore Figures are for illustrative purposes only and are rounded to the nearest whole pound

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5 YEARS
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Choice of fixed term from 60 days up to 5 years

60 DAYS
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Open an account

YOUR ACCOUNT	AER^	Gross Annual Interest	Account balance after {{ compareTerm }} months* Including your initial balance
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OUR ACCOUNTS	AER^	Gross Annual Interest	Account balance after 12 months* Including your initial balance
ALDERMORE ACCOUNT {{feature.Title}}	AER^ {{feature.Rates.AnnualEquivalentRate}} {{feature.RatesCfra.MinimumAer}} to {{feature.RatesCfra.MaximumAer}}	{{feature.Rates.InterestAnnual}} {{feature.RatesCfra.MinimumInterestAnnual}} to {{feature.RatesCfra.MaximumInterestAnnual}}	Account balance after 12 months* Including your initial balance {{feature.Balances.Balance \| currency: '£'}} {{feature.Balances.Balance \| currency: '£'}} to {{feature.Balances.BalanceMaximum \| currency: '£'}}	Find out more

Key benefits
Things you need to know
Managing your account

Transparent – the interest rates on our Notice Accounts are variable and don’t include any bonuses or introductory offers
Fast and easy setup - open an account, complete identity checks and move your money in minutes
Accessible - open an account with just £1,000
Flexible - add to your savings whenever you want
Access – you can make unlimited withdrawals, you just need to give the selected notice period as no early withdrawals are allowed
Cooling off period - if you change your mind within 14 calendar days of opening your account, we’ll cancel your account and return your money without penalty or notice

You’ll need to provide us with the sort code and account number of your nominated account. A nominated account is a UK bank or building society account that you can transfer money from and send money to. You must be named as an account holder on this account. All deposits into your Aldermore account must come from your nominated account and any withdrawals out of your Aldermore account (including interest payments) will be sent to your nominated account. Payments to us from any other account will not be accepted and will be returned
You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account
Interest will be earned from the date on which we receive your money
Interest is paid gross (without tax taken off). Under the Personal Savings Allowance, the first £1,000 of income from non-ISA savings (e.g. any interest earned) is tax free for basic rate taxpayers, and the first £500 is tax free for higher rate taxpayers. No Personal Savings Allowance applies if you’re an additional rate tax payer. If the interest you earn is less than your Personal Savings Allowance, you don’t have to do anything. If the interest you earn is more than your Personal Savings Allowance, you’ll have to pay tax on the difference. HMRC will normally collect the tax by changing your tax code in the PAYE system. If you fill in a Self Assessment tax return you should carry on doing this as normal. For further details on how tax will be collected, refer to the HMRC guide to the Personal Savings Allowance or visit gov.uk
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
We reserve the right to withdraw these accounts from sale at any time

Managing your account with us is simple and straightforward - and we're always on hand to help if you've any questions. Here's how it works:

Once you’ve opened your account with us, we'll send you a Welcome Letter and your Customer ID, which you should usually receive within five business days. When you log in, we'll give you all the information you need to make the most of your new account
You can log into your account to view and print a transaction statement at any time and a Summary of Interest will be available in internet banking shortly after the start of each tax year
Need to access your money? Simply log in and follow the simple on-screen instructions; it should take less than a minute
Want to check your account details and rates? Just login whenever you like
Contact us whenever you need to – via our UK-based call centre on 0345 604 2678, by logging into your account and sending us a secure message or by emailing service@aldermoresavings.co.uk. Click here for our opening hours
No need to worry about bonus rates dropping off: there are no hidden bonuses or introductory offers - just consistently competitive rates
We'll write to you personally if the rate on your account changes

Please read the Notice Account Summary Box and Personal Savings Terms and Conditions before you open an account.

When 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.

I opened the account on behalf of my 84 year mother. I spent an hour or so filling in on line forms and another hour or so going to the post office to post the required identity and address proof. We received lots of letters and emails giving us progress reports on the opening of the account and one day received the actual details required to make a deposit. It was ONLY THEN that we were told that deposits could only be made by on line banking or telephone banking, neither of which my 84 year old mother uses. We were advised that an alternative for my 84 year old mother, who the government is telling to STAY AT HOME, was to go into a bank personally and make a transfer. Really???.............

20th February 2021 Hdzy

Read more reviews

Don't want a notice account?

Easy Access Account

0.30% AER*

4.4/5 (536 reviews)

Find out more

Suitable if you:

Don’t want to lock your money away
Want to be able to add and withdraw money whenever you like
Want a competitive variable interest rate

Notice Cash ISAs

0.40% AER*

4.4/5 (129 reviews)

Find out more

Suitable if you:

Want all of the interest tax free
Want to be able to transfer in other ISAs whenever you like and add money up to the ISA allowance
Might need access to your money, but won’t need it instantly

We reserve the right to withdraw these products from sale at any time.

Useful links for savers

Personal Savings FAQs

Financial Services Compensation Scheme

Personal Savings Literature and Downloads

Notice Accounts

Notice Accounts

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Latest Rating and Reviews

A great saving account

Suited my need

Very good service

Very, very slow to open the account

Complete waste of my time

Don't want a notice account?

Easy Access Account

Notice Cash ISAs

Useful links for savers