Aldermore?

Polly05

Hi. 
Anyone used Aldermore? I'm considering opening one of their notice accounts.
I've never heard of them before though, anyone got an experiences? 
Thanks

bowlhead99

Yes; they're fine.  They are a decent 'challenger' bank, being built up from a small beginning through acquisitions while owned by a private equity fund, later listed on the stock exchange in 2015 and were in the FTSE 250, but were then bought out by First Rand the South African bank (itself a stock exchange listed business with billions of income, but based overseas).

Back in the day when they were really building up their customer base 5-10 years ago they were frequently topping best-buy tables in trying to make a name for themself, and seem to be doing that less these days but are still generally competitive and better than the 'big 4' banking groups for rates or service. 

Polly05

bowlhead99 said:

Yes; they're fine.  They are a decent 'challenger' bank, being built up from a small beginning through acquisitions while owned by a private equity fund, later listed on the stock exchange in 2015 and were in the FTSE 250, but were then bought out by First Rand the South African bank (itself a stock exchange listed business with billions of income, but based overseas).

Back in the day when they were really building up their customer base 5-10 years ago they were frequently topping best-buy tables in trying to make a name for themself, and seem to be doing that less these days but are still generally competitive and better than the 'big 4' banking groups for rates or service. 

Great, thanks! 

vic_sf49

Just opened my third account with them, as they're topping the interest rates again for certain products. 

Ken68

Yes, Polly, good service, no problems.

Albermarle

I opened my first fixed rate ISA with Aldemore in May this year and transferred a cash ISA in from Nationwide.
All went smoothly , although the transfer took a bit longer than normal as it was in the middle of the first lockdown, and I think the delay was on the Nationwide  side anyway .
Their product offer/competitiveness can change quite quickly, presumably depending on how much funds they need at any one time.