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: 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: 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: Unlimited withdrawals subject to 95 days notice.
Why we like it: Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. Easy switching with the Current Account Switch Service. Must be 18 or older and UK resident. Get the £100 when switching as a new customer and paying in at least £1,000 within three months of the account opening
Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Best British Bank and Best Current Account in 2020 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)
Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Can be opened by or on behalf of any child up to the age of 18. Debit or cash card available for those aged between 13 and 18. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 18 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable
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.
