Please make sure you have read the Easy Access Account Summary Box and Business Savings Terms and Conditions
Log in to open a new account.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Interest is calculated daily, and paid monthly or annually. You can choose to have your interest paid to either your Easy Access Account or your nominated UK bank or building society account.
Yes, the interest rate is variable. We can increase or decrease the rate for any of the reasons set out in our Business Savings Terms and Conditions.
| Deposit at account opening | Balance at end of term | Interest earned |
|---|---|---|
| £1,000.00 | £1,032.50 | £32.50 |
| £75,000.00 | £77,437.50 | £2,437.50 |
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.
Yes, you can make unlimited fee-free withdrawals to your nominated account or transfers to any other Business Savings accounts you hold with us that allow deposits.
To view all current and previous rates for our business savings accounts variable rate products, please click here
You need to be a UK-based Limited Company, Limited Partnership, Limited Liability Partnership, Partnership or Sole Trader (we don’t provide accounts for clubs, societies or charities).
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.
Your business needs to be based in the UK, only tax resident in the UK and have no trustees or accounts held in trust.
Please make sure you have internet access, because all of our business savings accounts are online accounts and are opened and managed online.
You'll need this information to hand:
Your business needs to be:
You and any other owners who control more than 25% of the business need to be:
To open a business account with us you must be:
When you apply to open an Aldermore account you must give us details of a current account in your business’s name. We call this your linked nominated account. Your business current account provider must be a UK bank or building society, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your business current account must allow electronic transfers to be made and received, and we may ask you to send us a bank statement to confirm your account details.
There are certain types of bank account that we can’t accept as your linked nominated account, as they aren’t fully licensed and regulated. These include accounts held with e-money providers.
We can't accept client money or hold accounts in trust.
We need to check your identity and address before we can open an account for you. This will mostly be done electronically, but we may need you to send some identification to us.
If we ask you to provide identification documents, we'll include details about how to do this when we get in touch.
Yes, you'll have 14 days from the day you open your fixed rate account to close it without any penalties or giving us any notice.
If you've opened an easy access account you can close it at any time with no notice or penalties.
If you’re applying for an account and we can’t complete our electronic checks we may ask you to send us some documents to help us confirm your identity.
This will normally be one proof of identity from List A and one proof of address from List B for the directors and business owners. Please note we can't accept originals for documents marked with an *, you’ll need to send us certified copies of these.
List A - Proof of identity
List B - Proof of residential address
Yes. 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.