Fixed Rate Business Savings Account

Ratings & Reviews

 
4.7  -  (269  Reviews)
 

Fixed Rate Business Savings Account - A guaranteed rate on your savings over a choice of terms. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Maturity DateGross Annual Interest (%)Gross Monthly Interest (%)AER* (%)
6 Month1.491.491.50Open an Account
1 Year1.751.741.75Open an Account

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Key Benefits

  • Competitive rates of interest with no tricks, gimmicks, bonuses or introductory offers to keep an eye on
  • Fast and simple online account opening - open an account, complete identity  checks and arrange to move money in just 15 minutes, leaving you free to focus on your business
  • Available to UK businesses without the need to change your existing bank current account
  • Safe and secure online banking 24/7 - do it online anytime anywhere
  • UK based expert telephone support - our UK based customer service team are available at a time to suit you
  • 14 Day cooling off period - if you change your mind within 14 days of funding your new business savings account we'll be happy to refund your savings
  • Easy to add or remove names or change user levels
  • Open an account with just £1,000
  • No fees or charges for day to day services

Things you need to know

 

  • Rate Guarantee - Your account comes with a 14 day rate guarantee, to benefit from this please send your deposit within this time. This way if we have increased our rates by the day we receive your deposit, we'll pay you the higher rate without you even having to ask! (After this time we will pay the prevailing rate).
  • Once you've made your opening deposit you have a further 14 days to put more money into your account and benefit from the same interest rate. After this date any additional deposits must be placed into a new Fixed Rate Account at the interest rate offered at the time.
  • You should keep at least £1,000 in your account at any one time. An interest rate of 0.05% AER is payable on balances below £1,000.
  • What you'll need to open your account in just 15 minutes:

    • A UK-based business, where all directors, owners and account users are aged 18 or over, resident in the UK and only liable to pay tax in the UK
    • Your business details (Name, Address and if you have one, your Company Registration Number)
    • The sort code and account number for your business' bank or building society account. The account must allow transfers to be made and received electronically and will be known as your nominated account. Your nominated account is the only source from which you can transfer money into your Aldermore account
    • A mobile telephone that can receive text messages. This is how Aldermore will send you your account password and without it you will be unable to log into your account
    • Internet access, as all of our business savings accounts are online accounts and are opened and managed online
  • No withdrawals or closures before the maturity date. In cases of severe financial hardship funds may be released on an individual basis, this will be subject to a 180 day deduction of interest for the 1 Year Fixed Rate Account and 90 day deduction of interest for the 6 Month Fixed Rate Account. To view full terms and conditions please click here

 

Managing your account with us is simple and straightforward. Check our Key Features for more information on how your account works.

Fees and Charges
You  wont have to pay any fees or charges, although there may be a small charge for non-standard services - check our tariff of charges for more detail.

Open now online

It’s easy convenient and secure. Open an account, complete identity checks and move your money in minutes. Any questions, simply

Contact Us

Award Winning BankingBusiness Moneyfacts awards 2014 - best business fixed account provider

We’re delighted to have won this year’s award for Best Business Fixed Account Provider.

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Ratings & Reviews

263 out of 269 reviewers would recommend products in this category

Reviews for Fixed Rate Business Savings 6 Month

(57 reviews)

 
  • best of the bunch W1957

    Business savings are in the doldrums. For people with excess business cash Aldermore is easy to set up and use, but the interest rates are less than inflation, so it is not a long term solution.

       4/5

    07 Sep 2014
    W1957

  • Very good alternative to my present bank

    Easy to open and to keep track off. Seeing as my present bank have now slashed their rates this is an excellent alternative.If Aldermore were to offer a proper current account then I would consider dropping them all together.

       5/5

    05 Sep 2014

  • Good interest rate but admin could be better Offaaa33

    Aldermore provides a good overall service. However, it needs to allow money to be moved between Aldermore accounts where appropriate rather than via a 3rd party bank. The requirement for everything to go through a nominated external acount is a bit frustrating. There should also be information about whether it accepts faster payments rather than just the 2-day service described online for transfers (it does output and accept faster payments but one would not have known it).

       4/5

    02 Sep 2014
    Offaaa33

  • Excellent experience JJB1

    if only all financial services companies were so straightforward! Have recommended Aldemore to my friends and collegues

       5/5

    29 Aug 2014
    JJB1

  • Easy to open account online Keeves1

    Easy to open online account with immediate backup emails confirming account open. Far preferable to postal or branch accounts . The fact I could open accounts online was a large factor in choosing Aldermore, plus the fact our accountant recommended you. Trusting the easy access account will be as easy to us as it was to open.

       5/5

    20 Aug 2014
    Keeves1

  • Ideal for us and simple application process Nige59

    As it's internet based, the account application process is both simple and fast. Opening additional accounts is even quicker. An ideal account for depositing surplus business funds at a very good interest rate. So much easier to deal with Aldermore than with the red-tape obsessed big banks.

       5/5

    20 Aug 2014
    Nige59

  • No nonsense, no blah blah, perfect. Haraka

    The most straightforward and quickest account I have ever opened. Up and running immediately. Competitive too!

       5/5

    19 Aug 2014
    Haraka

Reviews for Fixed Rate Business Savings 1 Year

  • So easy! Wateva

    The account opening process was so easy, trouble free, stress free and quick. An absolute delight to work with an organisation that thinks about the customer first. It is definitely set up for today's business and not using old fashioned postal/fax type services. Highly recommended for busy executives who have better things to do than go through lengthy account opening procedures. Thank you Aldermore

       5/5

    29 Sep 2014
    Wateva

  • Best business savings product I have found. Stoat

    Aldemore offers a competitive rate and a clear, simple web site. Being able to choose the maturity date is a great additional feature. Signing up was easy and there was no need to send off precious documents (any documents) in the post. I was able to transfer money into the account within ten minutes of starting the process and everything could be done on line. A standard for others to aspire to.

       5/5

    19 Sep 2014
    Stoat

  • Suited our requirements perfectly Alan33

    I was looking for a 1 year fixed term deposit which was simple to apply for online. This one had the best rate I could find and, having used Aldermore before, I was very happy to place our deposit in this product. Setting it up was simple and I have always had good service from Aldermore.

       5/5

    17 Sep 2014
    Alan33

  • Worked for me. JimL70

    Easy to set up and use. Helpful staff. The best rate I could find. What more could be desired?

       5/5

    17 Sep 2014
    JimL70

  • Good, but with a minor drawback stooby

    Very clean, simple site design makes it easy to open and administer the account. The product itself allows some flexibility in balancing when the cash is likely to be needed against the interest rate payable. The only minor gripe is there doesn't seem to be a way of transferring money directly from other Aldermore accounts belonging to the same company without going through the external registered bank account.

       5/5

    04 Sep 2014
    stooby

  • Easy to open and excellent service Brian10

    I had carried my account from the previous year the whole proceess is very simple

       4/5

    01 Sep 2014
    Brian10

  • Very efficient and easy to use Lorraine1

    I have found this product extremely easy to use. Aldermore are efficient and my dealings with them have been seamless. I would not hesitate to recommend the company or use them again in the future.

       5/5

    27 Aug 2014
    Lorraine1