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Aldermore

General Information

Overview

Aldermore was the first of the new wave of banks to open after the financial crisis of 2007/8. It was the reincarnation of Ruffler, the private bank, which was bought by Anacap, and renamed Aldermore. In March 2019, Aldermore became part of South African financial services firm, FirstRand Group.

Banking Licence

Aldermore have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 947662

Financial Conduct Authority: 204503

Based: Head Office is in Peterborough, but Aldermore has offices in London, Manchester, Wilmslow, Reading and Newcastle

Date Launched: May 2009

FSCS Protected? Yes

Branches: Aldermore does not have any branches

People of Interest

Head of Savings

Ewan Edwards

Chief Executive

Philip Monks

Saving Information

No. of Savers

Unknown but estimated at circa 200,000

Amount of Deposits

£10.1bn (as at 31st December 2019)

Loan Book

£12bn (as at 31st December 2019)

Account Opening and Management

How Do I Open a Savings Account

Internet

How Do I Manage a Savings Account

Internet, Post, Telephone

 

Lending Activities

Aldermore has six principle areas of lending:

  • Residential mortgages for and buy to let mortgages on residential properties
  • Business mortgages - commercial mortgages for owner-occupied and buy to let investors
  • Property Development Finance
  • Asset Finance
  • Invoice Finance
  • Aldermore also owns Moto Novo Finance which provides car finance

Reviews

Feefo Reviews

Feefo reviews are available on Aldermore’s website alongside each individual product

Savings Guru Verdict

Aldermore is the longest established of the new wave of banks who have entered the market since the financial crisis.  It now looks after over £10bn of deposits and offers the widest range of savings accounts to personal savers.

While it is rarely the best buy, Aldermore consistently offers competitively priced savings which are above those available from the big five banks.

Contact Information for Aldermore

Contact Details

Aldermore 1st floor,
Block B Western House
Lynch Wood
Peterborough
PE2 6FZ

Telephone:
0345 604 2678 (Personal savings)
0345 1733 321 (Business savings)

Website: https://www.aldermore.co.uk/

Email: service@aldermoresavings.co.uk (Personal savings)
businesssavings@aldermore.co.uk (Business savings)

Monday – Friday 9am – 5pm, Saturday 10am – 1pm (Personal savings)

Monday – Friday 8am – 6pm (Business savings)

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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