This comparison simply includes all savings accounts.
Aldermore Savings Accounts
Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. 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: 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: 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: 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 1 year fixed rate bond. Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Market leading 2 year fixed rate bond. Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
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.
