Easy Access Business Account Issue 12
4.01%
Variable
Gross AER
Gross
4.01% annually
3.94% monthly
Min balance
£1,000
Max balance
£85,000
Get next working day access to your money whenever you need it
Good for you if
- you might need to make withdrawals
- you need four or less signatories authorised to operate the account
Consider something else if
- you want a fixed rate
- you can leave your savings untouched
- you need to save more than £85,000
Features and benefits
Unlimited withdrawals
Take out money whenever you like, as long as the amount is at least £500. You'll receive your money within one working day if you withdraw before 9:30pm.
Low opening balance
You can open this account with as little as £1,000. Save up to £85,000.
Suitable for a range of businesses
If you're a sole trader, a limited company (limited by shares) or a partnership (excluding limited liability partnerships)
Important Documents
Apply Now
It’s simple, choose whether you want to receive your interest monthly or yearly and complete our application form.
Additional Information
Can Shawbrook change the interest rate?
Yes. The interest rate is variable, which means we can change it up or down at any time. If your balance drops below £1,000 your rate will change to 0.05% gross/AER (variable).
How do I open and manage the account?
You can only open this account online. You can manage the account online or by phone. Your business can only open one Easy Access account with Shawbrook.
You can open the account if you are a sole trader, a limited company (limited by shares), or a partnership (excluding limited liability partnerships). This account is not available if you have more than four shareholders, or you need more than four signatories.
All directors and beneficial owners of that business must be aged 18 or over, resident in the UK and only tax resident in the UK.
This account is not available to charities or trusts.
Can I withdraw my money?
Yes. You can make unlimited withdrawals at any time. Withdrawals made before 9:30pm will appear in your account by the end of the next working day.
Are my deposits protected?
Eligible deposits are protected up to a total of £85,000 per person 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 www.fscs.org.uk
What would the estimated balance be after 12 months based on a £1,000 deposit?
Opening deposit
£1,000
Balance after 12 months
£1,040
This illustrative example assumes no withdrawals, no changes to the variable interest rate over the period and interest is paid 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.
Apply Now
Get flexibility and a competitive rate with our business easy access account. Simply choose whether you want to receive your interest monthly or yearly and complete our short application form.
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