This comparison simply includes all savings accounts.
Aldermore Instant Access Savings Accounts
Why we like it: 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: Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Interest can be paid into account, alternative Nationwide savings or current account, or an external current account. Must be UK resident and aged 16 or older. Headline interest rate applicable if no more than 1 withdrawal per account year, fFor 2 or more withdrawals the interest rate drops to 0.50% AER. FSCS Protected
Why we like it: Unlimited withdrawals subject to 30 days notice.
Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.
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.
