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Compare Aldermore ISAs

Compare ISAs from Aldermore and other ISA options available.
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Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in. Capital at risk.
See Deal When you make your first payment into a Junior ISA or Sustainable Junior ISA, Shepherds will send you a Love2shop voucher code worth up to £50.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs. Capital at risk.

Junior Stocks & Shares ISA (Future World ESG Developed Index Fund)

from Legal & General

Regular Savings
  • Invest From: £25 per month
  • Investment Options: Invests in broad developed stock markets, such as the US, Japan and Europe. Capital at risk.

Junior Ethical Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100 lump sum
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors. Capital at risk.

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds). Capital at risk.

Junior Stocks & Shares ISA

from Interactive Investor

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Choose from more than 40,000 UK and global investment options for your child's ISA. Capital at risk.

Junior Stocks & Shares ISA

from Nutmeg

  • Investment Options: Invest in one of four expertly designed portfolios depending on your investment style. Capital at risk.

Junior Stocks & Shares ISA

from Wealthify

Regular Savings
  • Invest From: £1
  • Investment Options: Choose from one of five investment styles based on risk, and a team of experts build your child’s Junior ISA, choosing which investments to buy and managing them on your behalf

Who are Aldermore Group?

Aldermore are a UK bank who provide personal and business finance products to retail customers. They offer financial services to their customers ranging from ISA accounts, to mortgages, to business loans and more.

Founded in 2009, Aldermore were acquired by the South African banking conglomerate First Rand in March 2018, having previously been listed on the FTSE 250.

Aldermore provide ISA accounts for personal investors in the form of Cash ISAs.

What is an ISA account?

An ISA account is a savings account that shelters your money from the following taxes:

  • Capital Gains Tax
  • Income tax on dividends
  • Income tax on interest

Aldermore ISAs are Cash ISAs, so they only produce interest and not investment growth or dividends.

If you hold a non-ISA savings account that generates interest, you usually have to pay tax on the interest you receive and declare it to HMRC if you earn over the annual tax-free threshold.

However, in an ISA, you never need to worry about tax on your savings.

There is a limit to how much you can put into an ISA each tax year, and for the current year, it’s £20,000.

What types of Cash ISAs do Aldermore offer?

Aldermore’s Cash ISAs vary based on the accessibility of each account.

There are two main types of Cash ISA accounts that Aldermore offer, variable-rate ISAs and fixed-rate ISAs.

Aldermore’s fixed-rate Cash ISAs:

Fixed-rate ISAs provide a guaranteed interest rate over a specified term of 1-5 years.

The longer term you commit to, the higher interest rates you’ll get.

However, you’re discouraged from withdrawing within the term of your ISA, and you’ll lose a portion of the interest you’ve earned if you do so.

Aldermore’s variable-rate Cash ISAs:

If you want an ISA with more flexibility of access, then you can invest in a variable-rate Cash ISA.

Aldermore’s Notice Cash ISA requires you to give 30 days' notice before withdrawing, but you can then withdraw without charge and without losing your interest.

You get lower interest rates and the rates aren’t fixed or guaranteed, but you aren’t charged if you end up needing to take some money out.

Are Aldermore’s Cash ISAs Flexible ISAs?

All of Aldermore’s Cash ISAs are Flexi-ISAs. This means if you do end up withdrawing, you don’t lose your ISA allowance.

Example scenario:

  • You contribute £20,000 to an Aldermore Cash ISA
  • Within the same tax year, you urgently need some funds and make a £5,000 withdrawal
  • Later in the same tax year, you find yourself with £5,000 ready to put back into your ISA
  • A non-flexible ISA would not allow any further contributions, as you’ve already used your full £20,000 allowance at the beginning of the year
  • However, Aldermore’s Flexi-ISA allows you to keep your allowance if you withdraw, so in this case, you can still add your £5,000 back in

How do I open an Aldermore ISA?

The best way to open an Aldermore Cash ISA is online.

There are a few requirements you must meet before you open an account:

  1. You must be at least 18
  2. You must be a UK resident
  3. You must have read and understood the T&Cs
  4. You must have a UK bank account from which to make your bank transfer contributions into your ISA

You’ll also need to have your personal details to hand, like your name, date of birth, address and NI number.

You’ll also need your bank account details to make your contribution. Specifically, your sort code and account number.

Can I withdraw from an Aldermore Cash ISA?

You can withdraw from an Aldermore Cash ISA; however, you may need to wait out your notice period, or face your interest being void if you have a fixed-rate Cash ISA.

Make sure you understand the terms of your ISA account before you invest so that you’re comfortable with your withdrawal options.

Can I transfer my old ISAs to an Aldermore ISA?

If you have previous years’ ISA accounts that you want to move to an Aldermore ISA, you can transfer them over.

To do this:

  • Check if there are any transfer charges or penalties with your old ISA provider
  • Complete an ISA transfer form with Aldermore
  • Aldermore will then complete your ISA transfer for you

Remember – you can’t transfer your ISA yourself by just withdrawing your existing ISA and contributing the money to a new ISA.

This will involve your existing ISA funds losing their ISA status, which means when you contribute the money to your new ISA it will use up your allowance.

If you transfer your ISA with a transfer form and follow the above steps, your ISA transfer will not form part of your allowance. This allows you to transfer as many ISAs as you want in each tax year. 

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.