Savings accounts

At Shawbrook, it’s all about saving smarter, not harder.

From easy access to fixed rate bonds, we have a range of savings accounts to suit your needs. Consistently great rates, award-winning products and FSCS protected.

So, tell your savings to get off their AER. It’s in their best interest!

Compare our savings accounts


This is a link to the Savings Champion Awards   

Dancing Lady

Our Saving account products

Cash ISAs

Invest up to £20,000 tax-free and choose from easy access or fixed term accounts.

Fixed rate bonds

Benefit from a guaranteed interest rate with terms ranging from 9 months to 7 years.

Notice accounts

Enjoy more flexibility than a fixed bond and choose a 45 or 120 day notice period.

Easy access accounts

Withdraw your money whenever you need it — open as a sole or joint account.

Compare savings accounts

Compare our savings accounts and their interest rates to find the right one for you.

What kind of account are you looking for?

Terms explained

AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded each year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.

GROSS is the interest rate without the deduction of income tax. This is the interest rate paid on your account.

Terms & Conditions for Personal Accounts

Financial Services Compensation Scheme (FSCS)

Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information visit

Protected by the Financial Services Compensation Scheme Logo

Important Information

At Shawbrook, we’re committed to helping people make informed decisions. That’s why we’ll always be clear about everything you need to know.

Below is some useful information about the different types of savings accounts we offer.

You can also find specific information about certain accounts by clicking through on the comparison table above.

You can open a savings account with Shawbrook online.

Before you open an account, you’ll need to know the minimum deposit required and the maximum balance you can hold.

This will vary depending on the account you choose:

  • Cash ISAs
    All of our cash ISAs have the same balance limits, with a minimum of £1,000 and a maximum of £250,000.

  • Fixed rate bonds
    Our fixed rate bonds have a minimum balance of £1,000 and a maximum balance of £2,000,000.

  • Notice accounts
    Shawbrook’s 45 day and 120 day notice accounts require a minimum balance of £1,000 and have a maximum threshold of £500,000.

  • Easy access accounts
    Our easy access accounts require a minimum balance of £1,000. The maximum is £85,000 for sole accounts or £170,000 for joint accounts.

We are currently only able to accept deposits into customer accounts via electronic transfer. Please log in to your portal to obtain your customer details.

You can deposit funds into your account by making a Clearing House Automated Payments System (CHAPS) or electronic transfer from your nominated account.

Many banks have introduced the ‘Confirmation of Payee’ scheme, which is designed to match the account name you have entered with the name on the account where the deposit is intended – so you’re aware of any potentially fraudulent or misdirected payments.

Because Shawbrook is not currently part of this scheme, your bank may warn you that they are unable to match the account name with the account number. Your bank will ask you to check with us that the details are correct or to continue with the payment, ignoring this warning. As long as you have set up your electronic transfer using the sort code 16-58-73 and entered your eight-digit account number correctly, your deposit will reach Shawbrook safely and there is no need to contact us to confirm the details.

How much you can withdraw and how often will depend on the type of account:

  • Cash ISAs
    All our ISAs allow withdrawals but if you choose what’s known as a fixed cash ISA, you’ll be charged an interest fee for any withdrawals. Our easy access cash ISA allows fee-free withdrawals but redepositing is less flexible than a standard easy access account, as you’ll need to keep within your £20,000 tax-free allowance.

  • Fixed rate bonds
    With a fixed rate bond, you can’t withdraw money until the end of the term – also known as when the account reaches maturity. If you think you may need your savings before the maturity date, a notice account or easy access account may be more suitable for you.

  • Notice accounts
    Withdrawals can only be made subject to the notice period of the account, which is either 45 or 120 days. Just let us know you want to access your savings, and we’ll send your money to your nominated account when the notice period has passed.
  • Easy access
    With an easy access account, there are no limitations on the number of withdrawals you can make up to the full balance, but the account is subject to minimum withdrawal amounts. Our standard easy access accounts have a minimum withdrawal amount of £500.

Cash ISAs are free of income tax. In the tax year of 2023 - 2024, you can pay up to £20,000 into a cash ISA tax-free.

More about Shawbrook

Saracens Empower

Making a difference together

Shawbrook Bank is proud to be the Official Banking Partner of Saracens Rugby Club, one of the most successful UK rugby clubs of all time. The sponsorship includes our support across the Men’s and Women’s rugby teams, the Mavericks netball team as well as being a proud partner of the Saracens Foundation, the charitable and community arm of the Club.
Shawbrook Brand Image

Sustainability strategy

We are driven to power up ingenuity to create opportunity, every single day. Our sustainability strategy aligns to and is a tangible expression of our purpose.
Wind Turbine

Caring for our world

Climate change is one of the most pressing issues of our time and, as a business, we’re committed to playing our part in supporting the transition to a net zero economy.