Aldermore Double Access Account Review

A competitive easy access account from Aldermore, with a £1,000 minimum deposit. It ranks 53rd of 167 easy access accounts we track.

Variable rate

3.75%AER

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£1,000,000

Access

Limited (max 2/year)

Interest paid

Monthly/Annually

Rate Tiers

Up to 2 withdrawals

3.75%AER

Higher rate applies when 2 or fewer withdrawals made in anniversary year

3+ withdrawals

1.50%AER

Lower rate applies from day of 3rd withdrawal until next anniversary date

How It Stacks Up

Ranks 53rd of 167

Easy access accounts we track

Above average
This account 3.75%
UK CPI (Aug 2026)
3.10%
Pays 0.65% more
Average easy access
2.86%
Pays 0.89% more
Best easy access
5.00%
Pays 1.25% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 0.80% more than this Aldermore account

We may earn a commission if you open this account.

A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want a monthly income

Worth Weighing Up

  • Con: The rate is variable, so it can go down
  • Con: You need at least £1,000 to open it

Good to Know

Only one Double Access Account per person (sole or joint).

Please verify all details with the provider – see our Disclaimer

See all Aldermore accounts

Estimated returns with Aldermore's Easy Access

What you could earn with Aldermore's Double Access Account.

Estimated interest

£1,000 saved

£37.50

At 3.75% AER

£5,000 saved

£188

At 3.75% AER

£10,000 saved

£375

At 3.75% AER

£1,000,000 saved

£37,500

At 3.75% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Aldermore Double Access Account

Jan WatermannCo-Founder, DepositScout

Aldermore's Double Access Account pays 3.75%, which is 1.25% below the easy access market leader at 5.00%, so it sits below the market average. The name tells you the real catch: make a third withdrawal in any anniversary year and the rate collapses to 1.50% from that day until your next anniversary. It suits savers who genuinely need only occasional access and can keep at least £1,000 in the account. At 3.75% you do beat August 2026 CPI of 3.1% by 0.65%, but Kent Reliance and NS&I offer the same rate with fewer strings.

2 alternatives to Aldermore's Double Access Account

Same type of account, closest on rate.

Common questions about the Double Access Account

D

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4.20% AER
4.75%
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