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Aldermore Bank

Aldermore Bank

Claim up to £50 for opening your first savings account (terms apply) ›
  • FSCS protects deposits up to £85,000 per person

All offers from Aldermore Bank

About Aldermore Bank

Established in 2009, Aldermore Group PLC provides financial products to businesses and individuals. Through their core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be.

In addition to dedicated online banking solutions and phone services, Aldermore has a network of UK offices. In March 2018, Aldermore became part of FirstRand Group.

Bank details

Headquarters: London UK
Year established: 2009
Number of customers: 100000

Security and deposit guarantee

Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. The FSCS is the United Kingdom’s statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit.

Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

Timescales for the return of your money can vary between different banks and banking groups. This bank holds funds under a trust model. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.

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