This comparison simply includes all savings accounts.
Aldermore Instant Access Savings Accounts
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: 0.60% AER if customer makes two or fewer withdrawals within an anniversary year. Monthly or annual interest. Manage your account online. Covered by the FSCS. If a customer makes three or more withdrawals in an anniversary year the rate reduces to 0.10% from the date of the third withdrawal. Must be UK resident and be aged 18 or older
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older
Why we like it: Market Leading. Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. Unlimited withdrawals subject to 120 days notice
Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. Unlimited withdrawals subject to 95 days notice
Why we like it: Unlimited withdrawals subject to 95 days notice.
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Withdrawals subject to 32 days notice. Must be UK resident and aged 18 or older
Why we like it: Monthly interest. Manage your account online. Unlimited deposits. Covered by the FSCS. Must be UK resident. Must be aged 18 or older. Unlimited withdrawals subject to 120 days notice. Maximum deposit £1,000,000
Why we like it: Unlimited deposits and withdrawals. ISA transfers in allowed. FSCS Protected. Must be UK resident and aged 16 or older. Withdrawals subject to 30 days notice
Why we like it: Monthly interest. Manage your account online. Unlimited deposits. Covered by the FSCS. Must be UK resident. Must be aged 18 or older. Unlimited withdrawals subject to 30 days notice. Maximum deposit £1,000,000
Aldermore savings accounts review
Aldermore is a retail bank offering personal and business banking. They provide a range of high interest accounts offering flexible access to your money, including instant access savings accounts.
Aldermore Easy Access Account
The Aldermore Easy Access Account is their version of an instant access account. It allows you to add and withdraw money from the account whenever you like, giving you complete flexibility with your savings.
Features include:
- Fast setup – open an account, complete identity checks and deposit your savings in minutes
- Open an account with just £1,000
- Unlimited withdrawals
- Manage your accounts online, by phone or by post
- No upper age limit, suitable as a savings account for over 60s
- Easy saver rates
Aldermore Notice Accounts
The Aldermore Notice Account is similar to an easy access account in that you can add savings whenever you like and make unlimited withdrawals. However, you have to give the bank 30 days’ notice for a withdrawal and in exchange you will get a better interest rate than for an instant access account.
Features include:
- Guaranteed minimum interest rate for an introductory period
- Fast setup – open an account, complete identity checks and deposit your savings in minutes
- Open an account with just £1,000
- Add funds whenever you like
- Unlimited withdrawals (subject to 30 day notice period)
- Manage your accounts online, by phone or by post
Aldermore Notice Cash ISAs
The Aldermore Notice Cash ISA is like a notice account, with the same 30 days’ notice period for withdrawals, except you pay no tax on deposits up to the current ISA threshold (£20,000 for the 2017/18 tax year).
Features include:
- Guaranteed minimum interest rate for an introductory period
- Option to split your ISA allowance between any of Aldermore’s cash ISA products
- Make instant withdrawals when necessary in exchange for a deduction of interest equivalent to the notice period
- Fast setup – open an account, complete identity checks and deposit your savings in minutes
Aldermore Easy Access Help to Buy: ISA
The Easy Access Help to Buy: ISA from Aldermore is a government-backed ISA, and it is designed to help people saving up for their first home. The government will give you a bonus of 25% of your savings when you complete the purchase of your first property. You can add and remove funds whenever you like, subject to a maximum monthly deposit limit.
Features include:
- Open an account with as little as £1
- Deposit up to £200 per month
- Option to add an extra £1,000 in the first month
- Get 25% extra from the government once you have a balance of at least £1,600
- Maximum bonus of £3,000
- Fast setup – open an account, complete identity checks and deposit your savings in minutes
- Manage your accounts online, by phone or by post
- Unlimited withdrawals (but funds can only be repaid within the £200 a month deposit limit)
Compare Aldermore instant access savings accounts
Which Aldermore savings account will be best for you will depending on the amount you have to save, what you are saving for and your personal circumstances. In many instances it may be worth keeping your savings in a current account, as some current accounts offering highly competitive interest rates.
For example, at the moment the Santander 123 current account offers 1.50% AER/1.49% gross (variable) on balances up to £20,000 as well as cashback of between 1-3% on a variety of household bills, all for an account fee of just £5 per month.
