This comparison simply includes all savings accounts.
Aldermore Fixed Rate Bonds
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Is an Aldermore fixed rate bond right for you?
Fixed rate bonds are one of the most common ways to protect and grow the value of your savings. They offer a dependable rate of interest for the life of the bond, preventing your savings from losing their value relative to inflation and usually increasing the real world value of your money.
For smaller amounts of money, a savings account will usually offer a better rate of interest than a fixed rate bond.
However, if your savings are above the limit where your savings account will pay interest or your maximum permitted balance, it can be well worth transferring the balance into a fixed rate bond. This will allow you to start getting a return on all of your savings without disrupting your day-to-day banking.
The most common types of bond last for 1 year, 2 years, 3 years or 5 years, with the longer term bonds generally offering higher rates of interest. Some will allow you to withdraw funds early if necessary, but there is usually a penalty for this in the form of lost interest payments.
Why choose an Aldermore fixed rate bond?
Aldermore are a retail bank offering both personal and business banking services. They specialise in lending and savings for SMEs and individuals and pride themselves on their quick, slick service.
Aldermore offer the following advantages when taking out one of their fixed rate bonds:
- Minimum deposit of just £1,000
- Maximum deposit of £1million
- Open an account online in minutes, including all ID checks
- Manage your account online, by phone or post
- Won Best Online Savings Account Provider at the Your Money Awards 2014
Restrictions
The following are conditions you must meet in order to qualify for an Aldermore fixed rate bond.
- You must be 18 years old or above
- You must be resident in the UK and liable for UK tax
- You must have a UK bank or building society account in your name
- You cannot make withdrawals or close your account before your bond matures
Compare Aldermore fixed rate bonds
Aldermore offer a range of fixed rate bonds over different set periods from 1 year to 5 years. Below are links to three of their most popular products.
Aldermore 1 Year Fixed Rate Bond
Aldermore 2 Year Fixed Rate Bond
Aldermore 3 Year Fixed Rate Bond
Getting the best deal on fixed rate bonds
Banks and building societies change the interest rates and other conditions of their products on a regular basis to match market conditions and customer demand. This means that exactly which brands and products are offering the best deals changes all the time.
Your own personal circumstances and requirements will also make a difference to which product is right for you, so it’s important to carefully compare all of your options before making a decision. Our fixed rate bond comparison table above is regularly updated with the very best deals currently available, so make sure to check back regularly for the latest offers.
