• FSCS Protected

    Deposits fully protected up to £85,000 per eligible person.

  • Rated "excellent"

    Our personal savings customers rated us excellent on Trustpilot.

  • Easy account opening

    Apply online at whatever time of day works for you.

Key features

  • Peace of mind - know exactly what interest rate you'll earn for the term you choose
  • Open an account, complete identify checks and move your money in minutes
  • The minimum deposit required is £1,000. You can choose to open this account in your sole name or jointly with someone else
  • If you change your mind within 14 calendar days of opening your account, we’ll cancel your account and return your money without charges or asking for notice
  • You won't be able to make withdrawals, transfers out or closures before the maturity date
Laughing couple

9 month fixed rate savings account

Interest rate (AER*)

  • 4.60% Fixed

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

Minimum opening balance

£1,000

Term

9 months

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

1 year fixed rate savings account

Interest rate (AER*)

  • 5.05% Fixed

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

Minimum opening balance

£1,000

Term

1 Year

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

18 month fixed rate savings account

Interest rate (AER*)

  • 4.65% Fixed

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

Minimum opening balance

£1,000

Term

18 months

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

2 year fixed rate savings account

Interest rate (AER*)

  • 4.55% Fixed

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

Minimum opening balance

£1,000

Term

2 years

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

3 year fixed rate savings account

Interest rate (AER*)

  • 4.20% Fixed

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

Minimum opening balance

£1,000

Term

3 years

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

4 year fixed rate savings account

Interest rate (AER*)

  • 4.00% Fixed

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

Minimum opening balance

£1,000

Term

4 years

Suitable if you

  • Want a guaranteed interest rate for the term
  • Have a lump sum to deposit and won’t want to add money further down the line
  • Won’t need to make withdrawals during the term

5 year fixed rate savings account

Interest rate (AER*)

  • 4.00% Fixed

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

Minimum opening balance

£1,000

Term

5 years

Suitable if you

  • Have a lump sum to deposit and won’t want to add money further down the line
  • Want a guaranteed interest rate for the term
  • Won’t need to make withdrawals during the term

Please read the Fixed Rate Accounts Summary Box and Personal Savings Terms and Conditions before you open an account.


Fixed rate savings account FAQs

You have 14 calendar days from account opening to make as many deposits as you like. After this period no further deposits are allowed.

No withdrawals, transfers out or closures are permitted before the maturity date.

You simply need to be aged 18 years or over, resident in the UK and only tax resident in the UK. Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income).

You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated account. You can also make deposits by transfer from an existing Aldermore Personal Savings account in your name or held jointly with someone else (where withdrawals are permitted). Payments to us from any other account will not be accepted and will be returned. We don’t accept deposits by cash, cheque or banker’s draft.

Please don’t send any money until we’ve confirmed that your account is open, as we won’t be able to allocate it to your account and it will be returned.

Interest can be added to your Aldermore account, paid to any other Personal Savings account you hold with us that allows deposits (Easy Access, Double Access or Notice) or paid to your nominated UK bank or building society account.

You can change the interest payment frequency or destination in internet banking.

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.

Things you need to know

  • We guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened. If the interest rates have increased by the time the first deposit is received, you’ll automatically receive the higher rate
  • You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account. You have 14 calendar days from account opening to make as many deposits as you like. After this period no further deposits are permitted
  • 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 most come from your nominated account and any withdrawals our 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
  • 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
  • No withdrawals, transfers out or closures permitted before the maturity date
  • 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

FSCS Protection

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 per eligibile person by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. 


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