Notice Business Accounts

100 Day Notice Account

Issue 22
For the planners and the savers. Let us know in advance when you want your money, and we’ll pay you an attractive variable rate.
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Summary Box

100 Day Notice Account - Issue 22

It’s important that you read the terms and conditions for our accounts. You can also download the key product information presented in this summary box.

What is the Interest Rate?

4.11%

Variable

AER

Gross

4.11% annually

4.03% monthly

If the balance falls below £5,000

0.05% Variable

Rates effective 15 May 2025.

Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be monthly or annually depending on the product you choose. If you take out a 100 Day Business Notice Savings account and opt for interest to be paid annually, your interest will be credited on the anniversary and at closure of the account. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.  For accounts opened on 29 February in a leap year, the anniversary in non-leap years will be treated as 28 February.

All interest is paid Gross. 

Can Shawbrook change the interest rate?

The Interest rate is variable and may be altered in accordance with this document and Section 17 Change To Interest Rates of our terms and conditions for Business Savings Accounts. This is not a tracker product, which means the interest rate will not automatically adjust to track the Bank of England base rate.

What would the estimated balance be after 1 Year based on a £5,000 deposit?

Opening deposit

£5,000

Balance after 1 Year

£5,206

This illustrative example assumes no withdrawals, no changes to the variable interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.

How do I open and manage the account?

  • You can only apply for this product online
  • If you’re an existing Shawbrook Business customer and would like to open an additional Notice Business Account, call us on 0345 266 6611   
  • Once your account is open, you can operate the account online
  • You can open an account if:
    • you are a sole trader, a limited company (limited by shares), or a partnership (excluding limited liability partnerships)
    • you have no more than four shareholders
    • you need no more than four signatories authorised to operate the account
    • your business is a UK-based business where all directors and beneficial owners of that business are aged 18 or over, resident in the UK and only tax resident in the UK
  • The account is not available to charities of trusts
  • You can fund your account within 28 days after opening. We’ll close it if it remains unfunded by this time

Minimum Balance

£5,000

Maximum Balance

£2,000,000

Can I withdraw money?

  • Withdrawals can be made online at any time subject to 100 days’ notice.

Additional Information

  • Please read this leaflet in conjunction with terms and conditions for Business Savings Accounts
  • Your savings with Shawbrook are protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects eligible deposits up to £120,000 per eligible business or person, per authorised institution, across all accounts you hold with Shawbrook. Any amount above this limit is unlikely to be protected  
  • We’ll send you a statement on the anniversary of the date of receipt of your first deposit and at the closure of your account
  • Shawbrook reserves the right to withdraw this product at any time. You will not be notified in writing if we withdraw this product from sale
  • If the product is withdrawn from sale, you can continue to put more money into your account, up to the maximum balance
  • To close your account, please send a secure message to confirm your request or contact us by telephone

The flexible way to achieve your savings goals

Good for you if

  • you want to avoid impulse withdrawals
  • you want to make regular deposits
  • you need four or less signatories authorised to operate the account

Consider something else if

  • you want a fixed rate
  • you want next day access to your money

Apply Now

Plan ahead with more flexibility and get a competitive rate with our 100 day notice account.  Simply choose whether you want to receive your interest monthly or yearly and complete our short application form.

Apply with Monthly Interest Apply with Annual Interest

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Explore our range of award-winning savings products and compare rates to find the right one for you. 

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