Who are Aldermore?

Who are Aldermore?

Category: Banking

Have you noticed Aldermore savings accounts in our best buys, but aren't sure who they are? Don't worry, you're not alone.

Aldermore, together with a number of other less well-known providers, frequently appear in our best buys (ahead of bigger names) with competitive savings rates.

But you probably want to know a bit more about them before deciding whether you want to open an account or apply for borrowing…

Who are Aldermore?

Aldermore was formerly called Ruffler Bank and re-launched with its new name in 2009.
Here are a few things you should know about Aldermore:

  • They hold a UK Banking Licence
  • Regulated by the Financial Conduct Authority and the Prudential Regulation Authority
  • Covered by the Financial Services Compensation Scheme

That means that you have the same level of protection on savings with Aldermore, as you have with Lloyds TSB, Barclays, Santander, etc. (£85,000 per person – you can read more about depositor protection limits here).

They offer a range of savings and borrowing products to individuals and businesses. Aldermore savings products include cash ISAs, fixed rate bonds and notice accounts. They also offer mortgages – although at present, these are only available through selected mortgage brokers.

What do their customers say?

In the 2013 Consumer Moneyfacts Awards, Aldermore won the category of "Best ISA Provider" which was assessed on a combination of product excellence and customer experience.

What Next?

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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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