• Low minimum deposit

    Open an account with just £25 and start saving.

  • More control

    Manage your account online and make unlimited deposits and withdrawals.

  • Rated "Excellent"

    Our personal savings customers rate us ‘excellent’ on Trustpilot.

  • Award-winning

    We were named Best Regular Savings Provider by Moneynet in 2024.

Person on mobile internet banking

Is it right for me?

  • It’s quick and easy to set up an account – you can move your money in minutes.
  • Variable rate of interest.
  • Only one Regular Saver Issue 1 account can be opened, and it must be in your sole name.
  • Minimum deposit of £25.
  • Maximum deposit of £300 in total per calendar month. This can be made in one deposit or multiple during the month. 
  • You don’t need to make a deposit each month. If you miss a month, or don’t pay the maximum allowed, you can carry the unused amount over and catch up in future months. 
  • Make transfers out or withdrawals whenever you like.
  • At the end of the 12 month term, your account balance and the interest earned will be transferred to an Easy Access Account.

Regular Saver Account Issue 3

Interest rate (AER*)

  • 4.75% Variable

*AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.

Minimum opening balance

£25

Suitable if you

  • Want to get into the habit of saving or are saving for a special occasion
  • Want to deposit a maximum of £300 per month
  • Need access to your savings with unlimited withdrawals
Read more & apply

Please read the Regular Saver Account Summary Box and Personal Savings Terms and Conditions before you open an account.

To view all current and previous rates for our personal savings accounts variable rate products, please click here.

Regular Saver account FAQs

This is a type of savings account where you can pay in a monthly amount on a regular basis for a set period of time. You’ll typically get a better interest rate than you'd get with an easy access account.

With our Regular Saver Account, you’ll need to pay in £25 to open the account and the account runs for 12 months from the date your first deposit is received. The maximum monthly deposit amount is £300 in total per calendar month, which can be made in one deposit or multiple deposits.

You don’t have to make a deposit each calendar month. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.

If you make a deposit of more than the maximum monthly amount of £300, this will be returned to your nominated account. If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.

Our accounts are open to a wide range of people for a wide range of needs, just so long as you:

  • are aged at least 18
  • are 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)
  • have a UK bank or building society account, on which you’re named as an account holder. This is your nominated account and you can only transfer money into your Aldermore account from this account
  • don’t already have an Aldermore Regular Saver Account. You can only open one of these accounts

You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account. Please make sure that any payments you send us reach us within the calendar month they’re intended for. If you’re making regular deposits of the same amount each month, it may be easier to set up a standing order. This  will need to be set up on or before the 25th of each month to allow enough time for payments to reach the account within the calendar month.

You need to deposit £25 to open the account. You can pay in as little or as much as you like each month, up to a maximum monthly amount of £300. If you don’t make a deposit in any calendar month, or don’t pay in the full £300, you can’t catch this up by paying in more the following month – the maximum monthly deposit of £300 still applies.

If you have met the £300 maximum deposit and then make a withdrawal in the same month, you will not be able to deposit further funds until the next calendar month.

Yes, you can make unlimited withdrawals to your nominated account or transfers to any other Personal Savings accounts you hold with us that allow deposits. 

Haven't found what you're looking for?

Help and support

See what our customers think

Unfortunately you won’t be able to read our reviews here using your current browser because it isn’t compatible with this Trustpilot feature. To read our reviews, you can

click here

to visit our profile on the Trustpilot site.

Things you need to know

  • You’ll need to provide us with the sort code and account number of your nominated UK bank or building society account. You must be named as an account holder on this account and must be able to transfer money to and from this account
  • All deposits into your Aldermore account must come from your nominated account. Payments to us from any other account will not be accepted and will be returned
  • You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account
  • You’ll earn interest from the date on which we receive your money
  • We’ll pay the interest gross (without tax taken off)
  • The interest will be added to the balance of the account at the end of the 12 month term. Interest cannot be paid monthly
  • Under the Personal Savings Allowance, the first £1,000 of income from non-ISA savings (e.g. any interest earned) is tax free for basic rate taxpayers, and the first £500 is tax free for higher rate taxpayers. No Personal Savings Allowance applies if you’re an additional rate tax payer
  • 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
  • If you change your mind about opening your account, let us know within 14 days of opening it. We’ll cancel it and you won’t need to pay any fees or penalties
  • We reserve the right to withdraw this account from sale at any time

 

Browse related articles

View more savings articles