Fixed Rate Savings Account

Ratings & Reviews

 
4.5  -  (1439  Reviews)
 


We’ve increased the rates on our 1, 2 & 3 Year Fixed Rate Accounts. 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 Year2.252.232.25Open an Account
3 Year2.352.332.35Open an Account
4 Year2.752.722.75Open an Account
5 Year3.002.963.00Open 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

1352 out of 1439 reviewers would recommend products in this category

Reviews for Fixed Rate Savings Account 1 Year

  • Renewal of Fixed Rate Saving Account 1 year meliza1232

    Preliminary letter regarding maturity date of current Fixed Rate 1 Year account received on 6 November 2014. I telephoned that day to convey my instructions but was told I was a day too early as my current Fixed Rate Account would not mature until 7 December 2014. Customer Service Lady promised to ring me the following morning between 10 am - 11 am but she did not so I had to ring Aldermore again to repeat my instructions. It would have been helpful if the preliminary letter had stated -do not contact us until 7 November 2014 or later. The Interest rate offered was reasonable in comparison to other banks or building societies.

       4/5

    26 Nov 2014
    meliza1232

  • Just 1st class service Shazza59

    This company really does everything they say they will do, from transferring funds correctly and giving good service on everything they do. I would certainly recommend them to anyone.

       5/5

    26 Nov 2014
    Shazza59

  • Straightforward product Philip

    It might not have the very best rate but Aldemore are competitive and opening the new bond online was very straightforward. Instructions are clear, funding by transfer from an existing account was a breeze and, in my experience, communication come the maturity date is first class.

       5/5

    26 Nov 2014
    Philip

  • So far so good. Shirl26

    First year I have been with Aldermore. Setting up the account was very easy. I am very interested how it will perform over the next twelve months.

       4/5

    26 Nov 2014
    Shirl26

  • Competitive rate and suited my needs Lijonel52

    Opening the account was simple, albeit I had already registered details for other accounts, but it all meshed smoothly and simply. While the rate was not quite as good as another bank I tried to use, the latter's systems were poor and rejected several attempts to make the deposit so Aldermore's efficiency was far superior.

       5/5

    24 Nov 2014
    Lijonel52

  • Excellent! OZ14

    Such a pleasure to login and - more particularly - to find LOGOUT so easily! Simple to print out the part of my account summary which I want without multiple pages being printed also. Opening of account straightforward and completely stress free. Initial payment moved from my nominated account on the exact date as advised. All very pleasing and appreciated. The interest rate - my initial concern - is quite competitive also.

       5/5

    21 Nov 2014
    OZ14

  • easy best rate in these times of low interest rc64

    thank you for help with taking out my bond very helpfull and friendly

       5/5

    20 Nov 2014
    rc64

Reviews for Fixed Rate Savings Account 2 Year

  • Easy to set up and prompt to confirm acceptance Jackie112

    It was the best interest rate on offer for a 2 year fixed term. Although the account was set up on-line I received prompt account confirmation by post. I found this quite comforting to know everything had been set up correctly. After transferring money again I received written confirmation which was reassuring.

       5/5

    26 Nov 2014
    Jackie112

  • Suited my needs Smeds

    So easy to set up, no questions asked just plain straight forward. Quick efficient service.

       5/5

    26 Nov 2014
    Smeds

  • Easy straightforward, excellent customer service Lip123

    I contacted customer services regarding deposit and cheque issues, they were helpful courteous and knowledgible, this was the reason I decided to use Aldermore rather than my current savings provider.

       5/5

    26 Nov 2014
    Lip123

  • Easy to open Somers

    Easy to open, good rates and prompt documentation. What's not to like?

       4/5

    25 Nov 2014
    Somers

  • Very pleased with this account Ellie50

    I opened my account online which I found very easy. I phoned the next day to ask the best way to fund the account and spoke to a very helpful gentleman. I also received a letter confirming the account details within a few days. All in all I am very pleased with the account and service I received.

       5/5

    25 Nov 2014
    Ellie50

  • Excellent , speedy transaction John47

    I am a regular user of savings products and this was, without doubt, the most straightforward and speedy account opening process I have experienced to date.

       5/5

    25 Nov 2014
    John47

  • Your rate was the best for 2 year bond. sanpedro10

    Was surprised when filled in the online form that it did not ask how much I wanted to invest. I expected to be able to transfer or send a cheque straight away instead of waiting 8 days to invest. Maybe this is all to do with security!

       4/5

    25 Nov 2014
    sanpedro10

Reviews for Fixed Rate Savings Account 3 Year

  • Quick and informative annie2

    Communication quick and explicit - no jargon Website easy to negotiate Sensible telephone opening hours Telephone contact helpful and friendly

       5/5

    22 Nov 2014
    annie2

  • Fulfilled all my requirements Lopears

    I have been an Aldermore customer before, so when I revisited their site to find out what the latest rates were for fixed saving bonds, I was pleasantly surprised and decided on the spot to invest some cash I had come into. Needless to say, the service I received when speaking to an adviser on the 'phone and then using their on-line purchasing software were all first rate. The account was set up immediately and I had the paper work back within a few days. How I wish all companies provided the same high level of service and customer satisfaction as Aldermore - I would highly recommend investing with this company. A very happy customer from Somerset

       5/5

    22 Nov 2014
    Lopears

  • Interest Nadge1

    If you want to achieve a market leading position and 5 stars overall - increase the interest rate. At least you could offer existing customers a slightly higher rate to prevent me switching to a reasonable company offering a higher rate.

       3/5

    18 Nov 2014
    Nadge1

  • suited my needs perfectly Vintage

    After 5 years with a fixed rate Bond,all yearly paperwork confirming tax paid etc. arrived on time without me asking, Bond came up for renewal,paper work and options easy to follow,rates a cut above the others ,not only renewed but also added extra funds taken from another provider. Well done for making paper work straight forward,with great options.

       5/5

    16 Oct 2014
    Vintage

  • Quick and simple web-site Olive

    My application was straight forward and contact was swift. One minor query was dealt with by telephone.

       4/5

    07 Oct 2014
    Olive

  • It's not about loyalty but who offers the best rate Portbell

    When I choose where to invest, I don't consider loyalty, no one got rich by being loyal. I look at the best rate on offer and invariably Aldermore comes out on top. Obviuosly, I have to consider the £85000 issue when investing which is a problem, as I have to ensure the possibility of not being protected in the event of losing my money should anything unforeseen occur.

       5/5

    05 Oct 2014
    Portbell

  • A responsive, helpful organisation stratdl

    This was my first venture into placing savings with a non high street bank. I am not the brightest on computers and had a few queries, but a couple of phone calls to Aldermore resolved these, the staff being very helpful. I am pleased to find a responsive, helpful organisation who were very prompt in sending correspondence.

       4/5

    04 Oct 2014
    stratdl

Reviews for Fixed Rate Savings Account 4 Year

(32 reviews)

 
  • Bonds are good investments for me housewife44

    Have another investment with Aldermore and find opening a new account is pretty straightforward.

       4/5

    26 Nov 2014
    housewife44

  • Very simple to follow instructions Hesitant

    a good product for the time I wanted . Easy to open and I know where I am. with the interest.

       5/5

    07 Nov 2014
    Hesitant

  • Complemented my cash investment portfolio Tony9

    As an existing customer of Aldermore I was pleased to find an account which had a competitive rate of interest which fitted my longer term cash savings strategy whilst providing a monthly interest payment. Adding a new account to my Aldermore investments was a very straightforward process, requiring just a few minutes online.

       4/5

    04 Nov 2014
    Tony9

  • Prompt service with prompt written confirmations Debbie

    I am a first-time saver with Aldermore. I am not usually inclined to open accounts via the 'internet', however, the instructions were so clear that completion of the application form was made very simple. I was impressed with the prompt written confirmations. A very good service provider.

       5/5

    29 Oct 2014
    Debbie

  • Very effecient and suited my requirements Penny3

    I had not heard of Aldermore before I read a review in the Daily Mail. My current bond was maturing and the rate of interest I was quoted elsewhere was pretty dismal so I decided to change my bank to Aldermore where the rate was very competitive. The process was very easy and so far I have been impressed. I will definitely look towards Aldermore when I need to find a home for any forthcoming available money.

       4/5

    18 Oct 2014
    Penny3

  • Exactly what I needed Kate51

    Enabled me to deposit funds for a good rate of interest in the current climate. A smooth process from start to finish with clear & concise instructions

       5/5

    09 Oct 2014
    Kate51

  • Best in the market for value and service Lloyd

    Opened the account online. So easy to do and to transfer money into the account.. Subsequent paperwork arrived in a short space of time and was without fault. Have opened accounts with Aldermore before and always, when I have money to deposit, I turn to them first to see what is on offer.

       5/5

    03 Oct 2014
    Lloyd

Reviews for Fixed Rate Savings Account 5 Year

  • just what i needed a high rate with monthly interest alohasue

    everything was simple to complete and when speaking to staff on the phone very polite and helpful

       5/5

    26 Nov 2014
    alohasue

  • Best terms I could find. Godde

    I found the "on line" experience very difficult. Three of Aldermore staff tried to help but the third one finally took my investment over the phone. Apparently as an existing investor the "on line" steps precluded me from completing my investment "on line" paying by cheque. The staff were very polite and helpful and I am completely satisfied with the outcome but I feel the "on line" procedures need reviewing.

       4/5

    25 Nov 2014
    Godde

  • Excellent service Lorrie21

    The account was easy to open and confirmation from Aldermore was very prompt. Suited my needs completely. Would certainly recommend this company.

       5/5

    25 Nov 2014
    Lorrie21

  • Straightforward Sue1954

    Opening the account over the internet was straightforward and confirmation details came by post promptly. What's not to like?

       5/5

    25 Nov 2014
    Sue1954

  • Disappointing Pilgarlic

    The procedure for paying money to the account electronically failed. I ended up having to post a cheque and so suffered a loss of interest for about two weeks.

       1/5

    24 Nov 2014
    Pilgarlic

  • Needed a FRB Missy001

    Other than the rate of interest, all other aspects of opening the account and the service provided was very good, bearing in mind that I made several mistakes.

       4/5

    19 Nov 2014
    Missy001

  • Aldermore 5 year fixed rate bond, just what I wanted. Korky

    I am already an Aldermore fixed rate bond holder and when looking to make a further investment found their rates to be some of the best in the market place. It can all be done on the internet. They even set up a direct debit on my nominated account so I didn't have to bother about sending a cheque or telling my bank to make the initial deposit payment. A monthly interest option is available which is very useful if you are using it to supplement your pension. Any questions simply telephone them, they're very helpful.

       5/5

    19 Nov 2014
    Korky