Your money is protected up to £85,000 by the Financial Services Compensation Scheme.
Apply online at whatever time of day works for you.
Rated "excellent" by our savings customers on Trustpilot.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.
Competitive rates of return - paying higher interest than your current account.
Safe and secure – deposits up to £85,000 are protected by the FSCS guarantee.
Rate guarantee – if the rate changes within 14 days of opening your account, we’ll guarantee you the higher rate quoted.
Peace of mind – know exactly how much interest you’ll earn for your chosen term.
Fast and easy set-up – apply online at any time of day, with as little as £1,000.
To open a business account with us you must be:
When you apply to open an Aldermore account you must give us details of a current account in your business’s name. We call this your linked nominated account. Your business current account provider must be a UK bank or building society, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your business current account must allow electronic transfers to be made and received, and we may ask you to send us a bank statement to confirm your account details.
There are certain types of bank account that we can’t accept as your linked nominated account, as they aren’t fully licensed and regulated. These include accounts held with e-money providers.
We can't accept client money or hold accounts in trust.
We need to check your identity and address before we can open an account for you. This will mostly be done electronically, but we may need you to send some identification to us.
If we ask you to provide identification documents, we'll include details about how to do this when we get in touch.
You can make payments from your linked nominated account, using one of the following options:
We don't accept cheque or banker's draft payments.
Please don’t send any money until we’ve confirmed that your account is open, as we won’t be able to allocate it to your account and it may be returned.
These are the details you'll need when making a deposit:
Account number: Your Aldermore business savings account number (you can find this 8 digit number on the first screen of internet banking listed under accounts)
Our sort code: 23-33-43
Beneficiary name: Your business name
Payment reference: You can choose your own, although we suggest Aldermore Business Savings.
If you have an existing Aldermore business savings account that allows transfers, you can also move money to your new account.
Log into internet banking and select ‘Move Money’ on the menu bar.
For Fixed Rate accounts you have 14 days to make your first payment to benefit from the rate guarantee.
When you open an account with us you set the frequency that we pay your interest to monthly, annually or at maturity. You can't change this once the account’s opened.
At account opening you can also choose to have your interest paid to the account, your linked nominated bank account or your Easy Access Account if you have one. You can change where the interest goes at any time in internet banking.
We calculate interest daily on your cleared account balance.
No, we don't apply any fees or charges for standard account services. We may charge you for any exceptional, non-standard services which are available on a discretionary basis.
Once you reach the ‘Create a login’ screen, you'll be able to return and complete it at any time.
From here, you'll receive an email from us, which will contain a unique link that'll allow you to create a password and register your phone number for the two factor authenticator. You’ll then be able to return to your application.
Please note: You have 24 hours from receipt of the email to click the unique link to create your account.
If you don't receive this email, please check your junk folder. It may also mean that you've not quite given us the information we need to register your account. If the email isn't in your inbox or junk folder, please give us a call on 01733 821 321 and we'll be happy to help. We're open between 8am-6pm on business days.
Are you saving for the unexpected? What about expansion? If you are unaware of the business savings options that are out there, click here to learn more.
Click here to discover the reasons for choosing a business savings account rather than a personal one, and vice-versa.
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