Fixed Rate Savings Account

Ratings & Reviews

4.5  -  (1126  Reviews)

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

TermGross Annual Interest (%)Gross Monthly Interest (%)AER* (%)
1 Year1.751.741.75Open an Account
2 Year2.001.982.00Open an Account
3 Year2.702.672.70Open an Account
4 Year2.902.862.90Open an Account
5 Year3.103.063.10Open an Account

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

Key benefits

  • Peace of mind - know exactly what interest rate you'll earn for a set period and we will personally write to you before your account matures
  • Transparent - our competitive rates aren't artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Open an account with just £1,000
  • Easy to manage - do it online, by phone or by post
  • Great value - no fees or charges for day-to-day account services

 Things you need to know

  • We guarantee to pay the interest rates shown (or the higher rates if we have increased them) provided that we receive your completed account opening form and initial deposit within ten business days. After this time, we will pay the prevailing rate on the day that we receive your application.
  • Once you've made your opening deposit you won't be able to make any more deposits or withdrawals, or close your savings account before the maturity date. (However, please give us a call in the event of hardship)
  • You should keep at least £1,000 in your account at any one time (a gross interest rate of 0.50% will be paid on balances below this amount)
  • You simply need to be aged 18 years or over, resident in the UK and only liable to pay tax in the UK
  • 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 won't 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 details.

Award Winning Fixed Rate AccountsMoneyfacts Awards - Best Bank Savings Porvider 2013

We’re extremely proud to be awarded ‘Best Bank Savings Provider’ for our straightforward and rewarding savings accounts.

View Awards

Ratings & Reviews

1058 out of 1126 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • Pleasant and easy to deal with Alanh25

    Of all the companies dealing with savings I have found that Aldermore is one of the two best for efficiency and easy access. The staff are pleasant and helpful


    30 Jul 2014

  • Competitive rates of interest WonderWoman1

    This offers an adequate rate of interest, as I wished to keep my money in Aldermore. This is bearing in mind the current indecision of the Bank of England as to whether to raise interest rates and my decision not to enter into a Bond of over a year in all the circumstances.


    25 Jul 2014

  • Excellent Smooth Service Derek

    If you are looking for a hassle free 1 year bond you can not beat it. Smooth service trouble free. Great customer services well at least the rep I spoke to. Well done Aldermore


    22 Jul 2014

  • You get what you pay for Patch27

    My dealings with Aldermore were excellent - well done


    21 Jul 2014

  • Easy to set up and manage. nick48

    I switched from a fixed term bond which I had held for the previous 12 months. The process of transferring was hassle-free, and the rate of interest on offer was competitive. I was happy to open this account, and I would not hesitate to recommend this account to others, as it was easy to set up and my options were clearly explained.


    20 Jul 2014

  • efficient/excellent service Pippajr5

    I have invested with Aldermore previously; each time the service could not be faulted and more particularly the annual statement or certificate pertaining to the payment of interest, gross and net, has been very promptly provided after the closure of the fiscal year.. This I consider is of very great importance.


    14 Jul 2014

  • Poor Return Al14

    While it is the case that I recently opened this account the truth is that I only reinvested 10% of my original capital which had matured from an existing Aldermore product.Why .Because they cut the rate. Now I am told my cash ISA rate will fall in October. Aldermore used to be at the front of the pack. Sadly no longer. Look elsewhere,you can probably do better.


    09 Jul 2014

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Reviews for Fixed Rate Savings Account 2 Year

  • Like the curates egg - good in parts TwoTone

    Telephone service is prompt and courteous. However two points follow:- No 1 Internet access can be annoying - as first incorrect log in attempt shuts the account rather than allowing at least one more attempt. No 2 Recently I wanted to add more funds to a maturing Aldermore FRB which I had just renewed. 30 days after renewal were allowed for this, but the bank transferring funds in fouled up the transfer. I had already written to Aldermore to advise them of the source of additional funds and the amount. Although funds could have been transferred successfully by the 31st day, Aldermore were not prepared to stretch the time limit - even marginally. Where was the sound commercial practice in that?


    22 Jul 2014

  • Best Interest rates for my needs Claire45

    I found opening the account very easy as it was online. The Website is easy to navigate and informative. I feel confident that my money is safe and I am getting the best rates for the term. This is my second investment so I am happy to use them again in the future.


    03 Jul 2014

  • The best of the bunch Beatie

    I can only comment on the ease of setting up this account and the friendly way it was dealt with. As I have a couple of days before the account is up and running I cannot comment further but I'm sure it will be all it is cracked up to be.


    10 Jun 2014

  • difficulty in opening an account on behalf of a family member Sybil73

    The whole experience of dealing with A. was difficult prolonged and stressful. I enclosed a summary of our dealings with A., sent to you on 26th April. I have yet to heard back from you.


    15 May 2014

  • best I could find at the time. sunshine45

    So far so good. Very helpful when I phoned with a query. Speedy delivery of product . Will certainly consider using them in the future.


    02 May 2014

  • Simple troublefree account opening Graham3

    Fairly straightforward account opening. Paid capital via cheque since this was easiest considering its source. Interest rates pitiful but similar to all other offerings at the moment. Very good communication at all times. Hopefully removed savings from Scottish controlled banking system. I


    25 Apr 2014

  • Glad I found your excellent company Spider

    All the processes have been carried out very efficiently. I have two saving accounts with your company, my wife has one.


    15 Apr 2014

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Reviews for Fixed Rate Savings Account 3 Year

  • Just what I required. Yorkshirelass64

    I have used your products for many years and once again I found just what suited me in Aldermore. I will continue to use this Bank as long as the products are well thought out and beneficial to me.


    31 Jul 2014

  • The interest rate suited me Kitty

    I am impressed with the efficiency . The transaction of my application was very smooth, although I did make changes at time. To open an online account was very easy and hasslel free. Thank you.


    31 Jul 2014

  • Effective transfer of funds Nich

    I simply wished to transfer funds from a 60 day ISA A/c to a 3yr Fixed Rate ISA A/c. I was helped well and courteously in a phone conversation during which the A/c was opened. Confirmation arrived by post after 24hrs but the 3yr A/c which had been opened was not an ISA. I believe that a misunderstanding arose during the phone conversation. However, during another call the A/c was closed and I then opened the A/c online satisfactorily. Again the discussion and service I received was exemplary.


    30 Jul 2014

  • This was so simple 12CherryBerry

    Very easy and uncomplicated application. Documents received in the post within days. As a long term saver this was the easiest ever. Call centre staff very friendly and helpful.


    29 Jul 2014

  • Friendly and offered good interest rates Bazza65

    I needed to withdraw some of my funds at the maturity date but forgot. Two days after maturity, I notified Aldermore and they were able to agree with my request.


    28 Jul 2014


    Very easy on line set up. straightforward paperwork. easy to contact call centre.


    25 Jul 2014

  • Excellent service Plou

    Account opening very easy. Web access straight forward . Hopefully Aldermore are giving conventional banks some much needed competition


    25 Jul 2014

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Reviews for Fixed Rate Savings Account 4 Year

(17 reviews)

  • Easy to set up and no problems Tony48

    Excellent website account opened quickly and very quick to speak to them no waiting in a queue! Thank you


    26 Jul 2014

  • Excellent MARY70

    Very happy with the prompt service;would certainly recommend them


    24 Jul 2014

  • Opening account. Ivy2

    All went well except paying my money in, I set up a Direct Debit but your wording was confusing ie I did not know if I had to pay into my account so I email you and you said you could not answer the question. So I paid it in on 16/07/2014, that was wrong you took the same amount out of my Bank which leaves me overdrawn. I phoned you and you said this would be sent to my Bank and I understand this has been done and should be in my Bank by 20/07/2014.


    20 Jul 2014

  • Relatively good rate of interest & easy set up

    Not quite the best rate but close, and so easy to open the account, having a joint account already. Just marvellous.


    16 Jul 2014

  • Easy to operate AndyC

    A more complete and printable summary with Bond issue, date interest paid and rate, maturity date, etc. would be good


    02 Jul 2014

  • Suited long term investment Susi63

    Looking to invest parents money from house sale to help fund if she has to go into care home


    29 Jun 2014

  • Good & reliable chrisanne

    Correspondence/confirmations come through promptly, no having to chase it up.


    24 Jun 2014

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Reviews for Fixed Rate Savings Account 5 Year

  • The product was what I was looking for June1954

    I found that when I had decided on the product it was very easy to open I did this online and found the web page very easy to use.A more clear judgement of the product will be made over the coming months.


    31 Jul 2014

  • A market leading interest rate during a downturn Smartinvester

    Unlike many banks offering this kind of high return, Aldermore offers the chance to invest by post (which is more secure than over the internet - where bank details can be stolen). I also welcomed the chance to invest in a company based in the North East - which is a region that badly needs investment. 'Aldermore' reason to bank with this company :-)


    30 Jul 2014

  • Ideal for our needs Bernadette

    It is too soon to write an overall review but I am impressed with the speed and organisation in place so far. Also I like the straightforward information and the security set up.


    29 Jul 2014

  • it suits my needs scooter64

    I have only just opened this account therefore I feel it is too soon to pass comment on the efficiency of the service of Aldermore.


    28 Jul 2014

  • Very happy with Aldermore. piglet

    Only a small criticism. It sometimes takes a long time to get access to your website. Ok on this occasion.


    23 Jul 2014

  • It does exactly what it says on the tin! Happyme

    No waiting for hours to get through or button pressing when I did. Very helpful staff, keeping everything to the minimum with no endless waffle. We discussed the options, I made decisions and off we went! A simple confirmation letter in the post a few days later and it was all done. Why aren't there more companies like this?


    21 Jul 2014

  • Apprehension Gone TheCount5

    Having never opened an account over the phone I was a little apprehensive about doing so, but I was pleasantly surprised by the experience. All the credit has to go to the advisor who helped and guided me through it. Many thanks.


    21 Jul 2014

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