Aldermore is a bank that specialises in serving small and medium-sized enterprises (SMEs), but also offers products for homeowners, landlords and consumers. Founded in May 2009, it offers a range of savings accounts and individual savings accounts (ISAs).
What is Aldermore's best savings account with the highest interest rate?
The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Aldermore offers, plus the highest interest rate currently available.
Aldermore aims to make switching your account over as straightforward as possible. To transfer your account to Aldermore, all you have to do is set up a new account with the bank and transfer your funds across.
How do I decide which account is for me?
You need to work out what it is you need from your savings account. Are you looking to put a bit of money away each month? Are you comfortable restricting access to your money in exchange for a higher rate of interest? When will you need the money?
You need to work out what you need before comparing the different offers available for certain types of account. Once you’ve done that, useful guidelines to compare include:
Interest rates
Fees (if there are any)
Access to cash (if you need quick access for instance)
Does Aldermore offer online or mobile banking?
Aldermore offers online banking, but does not have a dedicated mobile app.
Here are some of the basic features of Aldermore’s online banking service:
View rates and current balances for all of your accounts
View and print a transaction statement at any time
Request withdrawals or transfers between your accounts
Open another account
Set a savings goal to help you work towards a target
Personalise accounts by changing the names or adding images
Pros and cons of saving with Aldermore
Pros
Online Banking. Your Aldermore savings account can be accessed online through the website. Even though it doesn’t currently have a dedicated mobile app, its website is optimised to perform on any device type.
Flexibility. Aldermore’s variety of accounts offer flexible options no matter what kind of savings you’re seeking.
Effortless and accessible. You can open an Aldermore savings account in just a few minutes.
FSCS protection. With Aldermore you have the peace of mind that your money is protected up to a total of £85,000 by the UK’s deposit guarantee scheme.
Cons
Better rates elsewhere? Banks are typically slow to pass on rate rises to savers. It helps to shop around to find out where you can get the best deal.
No high street presence. The era of high street banking is seemingly being replaced by online banking even for traditional banks. But if a high street presence is important to you, Aldermore probably isn’t the way to go.
No dedicated smartphone app. While it’s possible to access your online banking service on the go using your device’s web browser, savers increasingly expect to be able to keep tabs on their money quickly via their provider’s phone app.
On Trustpilot, Aldermore has 4.6 out of 5 from around 5,700 customer reviews.
Unusually, Aldermore doesn’t have a smartphone app and instead customers do their banking through its own online portal, so it doesn’t have any app store ratings.
These were checked in May 2025.
Customer service information for Aldermore
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Bottom line
Aldermore’s savings accounts include instant access, fixed-rate and tax-free options, so should cover your needs, whether you’re looking to save little and often or in large sums. Read our savings reviews to make sure it’s right for you and see how it weighs up against other savings providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio
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