Is it safe? / Aldermore
Is Aldermore safe?
Yes — Aldermore is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Aldermore Bank plc banking licence (FirstRand Group).
Protection
FSCS to £120,000
Licence holder
Aldermore Bank plc
Parent company
FirstRand Group
Aldermore's current savings rates
- 95 Day Notice Account4.13% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.