New customers

Please make sure you have read the 95 Day Notice Account Summary Box and Business Savings Terms and Conditions


Existing customers

Log in to open a new account.

What is the interest rate?

Interest rate (AER*)

4.00%

Gross monthly interest

3.93%

Gross annual interest

4.00%

Minimum opening balance

£1,000

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

Product summary - 95 Day Notice Account Issue 1

Yes, the interest rate is variable. We can increase or decrease the rate for any of the reasons set out in our Businesss Savings terms and conditions. If we reduce the interest rate on your Aldermore Notice Account, we’ll give you the amount of notice that applies for withdrawals on your account, plus at least an additional 14 calendar days. If we increase your interest rate, we’ll let you know within 30 calendar days of having done so.

Deposit at account opening Balance after 12 months Interest earned
£1,000.00 £1,040.00 £40.00
£75,000.00 £78,000.00 £3,000.00

These are only examples and do not take into account your individual circumstances. The examples assume that no future deposits or withdrawals are made and that interest earned is paid to this account annually.

If you choose the monthly interest option and pay it into another account, the total amount of interest you'll earn will be less as we won't compound the interest.

  • 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
  • We don't accept client money nor provide accounts to be held in trust
  • Your business owners can't be US citizens
  • You can open and manage your account online
  • You can give us your account instructions through our online banking, secure message, telephone or post
  • You'll need a minimum deposit of £1000 to open this account
  • The maximum balance you can hold in this account is £1,000,000
  • You can make additional deposits at any time
  • Yes, you can make unlimited withdrawals, subject to 95 days’ notice. 
  • In exceptional circumstances we may permit a withdrawal from the account without the required notice 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 permit such a withdrawal we may deduct 95 days’ interest as a condition
  • If you change your mind within 14 days of opening your account we will cancel your account without penalty or notice
  • 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 95 Day Notice Account Issue 1 available from 20/11/2025.

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

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.

Business owner looking out of shop window

FAQs

A 95 day notice account is a savings account that requires 95 days’ notice before a withdrawal can be made. Our 95 Day Notice account is suitable for businesses  who want to earn higher interest than our Easy Access account and have longer term savings goals and more predictable cash flow needs.

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.

You can find out more about FSCS protection here

To open a business account with us you must be:

  • A limited company
  • A business that is only tax resident in the UK
  • Over 18 years of age, UK resident and only tax resident in the UK - this applies to all controlling persons, significant owners and directors
  • You can't be a US citizen
  • You need to own a mobile phone and have an email account

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.

No, we don't apply any fees or charges for standard account services. We may charge you for any exceptional, non-standard services which are available on a discretionary basis.