This comparison simply includes all savings accounts.
Aldermore Savings Accounts
Why we like it: Tiered interest: £1 to £10,000 – 1.10% Gross/AER, £10,001 to £50,000 – 1.33% Gross/AER, £50,001 to £500,000 – 1.38% Gross/AER. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
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. No withdrawals permitted
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months
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: SPECIAL OFFER - Get £150 when you switch to a First Direct 1st Account, or if you're not ready to switch £20 welcome when you open a current account. You also get access to a 3.5% AER/gross fixed for 12 months Regular Saver Account 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. For the £150 switching cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account. To get the £20 welcome cash offer you need to open a 1st Account and log into our app / online banking within three months of opening the account. This offer can’t be added to any other joiner or switcher offer
Why we like it: Earn 0.75% 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: 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. Voted best British Bank and Best Current Account 2018 - 2021 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: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
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: 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: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Must be UK resident and 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 £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Compare Aldermore savings accounts
Aldermore is a retail bank that specialises in savings and lending for SMEs and individuals. The company has a strong focus on providing a fast, smooth service to their customers. They offer a variety of savings accounts to suit different types of savers and their needs.
Fixed Rate Accounts
Commonly known as “fixed rate bonds”, this type of account offers a guaranteed rate of interest for the life of the bond in exchange for not being able to access your money during this period.
Aldermore offer fixed rate accounts for periods of 1-5 years with a minimum deposit of just £1,000. The longer the term of the bond, the better interest rate you will be offered and you can take your interest monthly, annually or when the bond matures.
Easy Access Savings Accounts
Aldermore’s easy access account allows you to deposit and withdraw money whenever you like with no fees or penalties. You can start an account with a minimum deposit of £1,000 and make as many withdrawals as you like.
An easy access account lets you earn interest while still giving you instant access to your money when necessary. Aldermore allows you to manage your account online, by phone or by post.
Notice Savings Accounts
Similar to its easy access accounts, Aldermore’s notice accounts can be opened with just £1,000 and allow you to add or withdraw money as often as you like. The difference is that you have to give 30 days’ notice before making a withdrawal, but in exchange you will get a slightly higher interest rate than for an easy access account.
ISAs
ISAs allow UK taxpayers to earn interest on a certain amount of their savings without paying tax on the proceeds. The amount of tax-free interest you can earn is decided by the government and changes over time. For the 2017/18 tax year the amount is £20,000.
Aldermore currently offer three types of ISAs – Fixed Rate Cash ISAs, Notice Cash ISAs and an Easy Access Help to Buy ISA. These give different interest rates and conditions on adding and withdrawing funds. The Easy Access Help to Buy ISA also provides a bonus when used towards purchasing a property if you are a first time buyer.
ISAs do not tend to offer the best interest rates, so you need to consider whether the amount you are likely to save in tax will be more than the extra interest you could earn from a higher paying account.
Find the best savings account for you
The types of accounts, interest rates and other features providers, such as Aldermore, offer change regularly to reflect market conditions and consumer demand. This can make it hard to know what the best offers are for you at any given moment.
Our savings account comparison table at the top of this page allows you to quickly contrast some of the best savings accounts currently available from across the industry. These deals are frequently updated, meaning you can always stay on top of the most attractive savings opportunities on offer.
