Appointed Representatives of Sesame Network and members of PMS can now offer their SME customers access to a range of Aldermore business savings accounts.

Aldermore’s business savings accounts can be opened without having to move a company’s existing bank account. The business savings accounts can be opened online and are operational the instant the account is live, enabling deposits to be transferred from other lower paying accounts straight away.

The products are only available to SMEs – Limited Companies, Partnerships, LLPs and sole traders – and include both easy-access or fixed-rate term products of six months or one year.

By following the online referral process advisers will receive commission when the account is opened based upon the account balance. Commission is paid after the account has been open and funded for 15 days.

John Cupis, managing director of mortgages at SBG, said: “At a time when there is a need for quality savings propositions for SMEs, we are pleased to be working with Aldermore to bring this proposition to our advisers. The business savings accounts can be opened quickly and simply online, without the need for meetings or the completion of lengthy paper application forms.”

Simon Healy, managing director of savings at Aldermore, added: “We’re excited to be working with Sesame Bankhall Group, as it means that we will ultimately be able to help more SMEs make the most of their cash, leaving them free to get on with the day-to-day running of their business.”