No, the interest rate is fixed and will not change for the term.

We guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened. 

These are only examples and do not take into account your individual circumstances.

The examples assume that no further deposits or withdrawals are made and that interest earned is paid to this account annually.

• To open an account you 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)
• The maximum number of account holders for this account is two
• You can open and manage your account online. We will accept instructions in relation to the account through our Internet Banking Service
• The minimum deposit required to open this account is £1,000
• The maximum balance for this account is £1,000,000
• You have 14 calendar days from account opening to make as many deposits as you like. After this period no further deposits are permitted

• No withdrawals, transfers out or closures permitted before the maturity date
• In exceptional circumstances we may permit early withdrawals from or closure of the account prior to the maturity date but this is at our discretion, subject to evidence we will request, and we are not obliged to do so. In the event that we grant permission, we may deduct 180 days’ interest as a condition

• We will contact you at least 14 days before your account matures detailing your options and enabling you to give us your maturity instructions
• An additional reminder will be issued around 7 days prior to your account maturing
• If you do not advise us of your maturity instructions at least two days before the maturity date, your account will roll into a new Easy Access Account

• Interest is paid gross without the deduction of income tax
• If you change your mind within 14 days of opening your account we will cancel your account without penalty or notice
• * AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year

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 have 14 calendar days from account opening to make as many deposits as you like. After this period no further deposits are permitted.

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.