New customers

Please make sure you have read the Tiered Easy Access Summary Box and Business Savings Terms and Conditions

Existing customers

Log in to open a new account.
Summary box Opening an account FAQs Documents

What is the interest rate?

Interest rate (AER*)

3.80% for balances of £500,000 or over

Gross monthly interest

3.74%

Gross annual interest

3.80%

Interest rate (AER*)

1.90% for balances less than £500,000

Gross monthly interest

1.88%

Gross annual interest

1.90%

Gross monthly interest

3.74% 1.88%

Gross annual interest

3.80% 1.90%

Minimum opening balance

£500,000

*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 compounded then paid monthly or annually. The interest rate applied will depend on your balance each day. This means on any day if your balance is £500,000 or more, you will earn the higher rate for that day. If your balance falls below £500,000, you will earn the lower tier rate for that day. You can choose to have your interest paid to this account or your linked current bank or building society account.

Product Summary - Easy Access Tiered Account Issue 1

Daily balance Gross Annual Interest Gross Monthly Interest AER*

 

£500,000 - £1,000,000.00

(Higher Tier)

 

3.80%

 

 3.74% 3.80%

£1000 - £499,999.99

(Lower Tier)

1.90%

 1.88% 1.90%

Interest is calculated daily and compounded then paid monthly or annually.

The interest rate applied will depend on your balance each day. This means on any day if your balance is £500,000 or more, you will earn the higher rate for that day. If your balance falls below £500,000, you will earn the lower tier rate for that day.

You can choose to have your interest paid to this account or your linked current bank or building society account.

To see the latest Bank of England base rate, please go to https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp (opens in new window).

Yes, the interest rate is variable. We can increase or decrease the rate from time to time. This may be due to changes in the Bank of England base rate (or other reference rates), other changes to our costs, changes to market conditions including interest rates paid or charged by other banks and financial institutions, or to reflect regulatory or legal changes. Please see section C of the Business Savings Terms and Conditions for further information.

Deposit Balance after 12 months Interest Earned
£500,000.00 £519,000.00

£19,000.00 (Calculated based on the higher tier rate.)
£300,000.00 £305,700.00

£5,700.00 (Calculated based on the lower tier rate.)

The examples provided above are for illustrative purposes only to demonstrate how interest may be applied across the different balance tiers.

Higher tier rate: Balances between £500,000 and £1,000,000

Lower tier rate: Balances between £1,000 and £499,999.99

The £300,000 example is included to illustrate how the lower interest tier would apply; however, the minimum opening balance for this account is £500,000.

These examples are based on the assumption that interest is paid annually into the account and that no further deposits or withdrawals are made.

If you choose to have interest paid monthly into another account, the total interest earned will be lower, as interest will not be compounded.

These examples are for guidance only and do not take into account your individual circumstances.

  • Your business must be UK-based
  • All your directors and significant owners of your business must be aged 18 or over, resident in the UK and only tax resident in the UK
  • You and your business must be liable to pay tax in the UK
  • We don't accept client money nor provide accounts to be held in trust
  • Your business owners can't be US citizens
  • You can give us your account instructions through our online banking, secure message, telephone or post
  • You'll need a minimum deposit of £500,000 to open this account
  • The maximum balance you can hold in this account is £1,000,000

Yes, you can make unlimited withdrawals. However, withdrawals may reduce your balance and result in a lower interest rate being applied on those days that your balance falls below the threshold for the higher tier interest rate.

  • We'll pay interest gross without deducting income tax
  • *AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year

Aldermore Business Savings Easy Access Tiered Account Issue 1 available from 13th August 2026.

To view all current and previous rates for our business savings accounts variable rate products, please click here

Apply now for an Easy Access Tiered Account

Eligibility

You need to be a limited company.

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.

Existing customers - log in to your account to apply

FAQs

Aldermore’s tiered easy access business savings account rewards larger balances with higher interest rates, while giving you access to your savings whenever it's needed.

Aldermore's Easy Access Tiered Business Savings Account pays different interest rates depending on the balance held. Businesses with balances of £500,000 or more benefit from a higher rate of interest, making it a suitable option for those holding larger cash reserves. At the same time, businesses retain the flexibility of easy access to their funds, with no notice period required for withdrawals.

The interest rate applied to your account is determined by the balance you hold on each day. If your balance is £500,000 or above, the higher interest rate will apply. If your balance is below £500,000, the lower interest rate will apply. Please refer to the product summary for the current rates.

The Aldermore business savings rate you receive on this account depends on the balance held in your account each day. Balances between £500,000 and £1 million earn a higher rate of interest, rewarding businesses that maintain larger cash balances while retaining easy access to their funds. 

If your balance falls below £500,000, the lower interest rate will automatically apply from that day. If your balance increases to £500,000 or above, the higher rate will apply again. This means the rate on your account can change depending on the funds you hold each day.

Please refer to the product summary for full details of the account terms and interest rates.

Whether you're managing surplus cash, holding business cash reserves, or looking for an alternative to a traditional business savings account or investment savings account, this account provides a flexible way to earn competitive business savings account rates.

Yes, the interest rate applies to your whole balance and will depend on your balance each day. On any day if your balance is £500,000 or more, you will earn the higher rate for that day. If your balance falls below £500,000, you will earn the lower tier rate for that day.

You’ll earn a higher rate only when your balance is in the higher tier.

Yes. You can withdraw funds at any time with a tiered easy access business savings account. 

There are no restrictions on the number of withdrawals. You can access your funds whenever you need them, with no notice period required.

However, if a withdrawal reduces your balance below £500,000, the lower tier interest rate will automatically apply on those days that your balance falls below the threshold for the higher tier interest rate.

Yes. The account is designed for businesses managing surplus cash, looking for an alternative to a traditional treasury account, or seeking broader business banking solutions.

It can help businesses gain competitive returns on excess funds whilst maintaining easy access to money when needed.

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