You simply need to be aged 18 years or over, resident in the UK and only tax resident in the UK. Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income).

You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated account. You can also make deposits by transfer from an existing Aldermore Personal Savings account in your name or held jointly with someone else (where withdrawals are permitted). Payments to us from any other account will not be accepted and will be returned. We don’t accept deposits by cash, cheque or banker’s draft.

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 will be returned.

When your account is open, you can add money to your Double Access Account at any time.

With the Double Access Account, your interest rate depends on how many times you take money out in any anniversary year. You’ll get the benefit of the higher interest rate if you make two or less withdrawals in an anniversary year. If you make three or more withdrawals, the lower interest rate will apply from the day of your third withdrawal to the day before the annual anniversary of your account opening.

Interest can be added to your Aldermore account, paid to any other Personal Savings account you hold with us that allows deposits (Easy Access, Double Access or Notice) or paid to your nominated UK bank or building society account.

You can change the interest payment frequency or destination in internet banking.

There are no fees or charges for standard account services. We may make a charge for any exceptional non-standard services which are made available to you on a discretionary basis.