At Shawbrook our Easy Access Business Account really is easy. You can make withdrawals any time (subject to a minimum withdrawal amount) without giving us notice, you can add funds whenever you like (up to the account maximum balance), and you manage your account online. Interest is paid annually or monthly - it’s your choice.
Before you apply for an account please read the product summary below and the:
|AER||Gross Annual Interest||Gross Monthly Interest|
Interest is paid Gross.
Interest rate where the balance falls below the minimum account opening balance; 0.05% Gross/AER (Variable)
Interest is calculated daily. Your interest will be paid on the anniversary of the date of receipt of your first deposit – this will be either monthly or annually depending on the product you choose. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.
The Interest rate is variable and may be altered in accordance with the account Terms and Conditions.
|Deposit at account opening||Balance after 12 months||Interest earned|
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 online if you:
You do not meet the above criteria. Your application will need to be sent to Shawbrook Bank, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Once your account is opened it can be operated by post or by telephone on 0345 266 6611
The information provided above is a summary of the key features of the savings account and is not intended to be a substitute for reading the Terms and Conditions that apply to the account.
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 or visit www.fscs.org.uk
AER. This stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the interest rate you’d get if we paid you interest during the course of the year and your subsequently higher balance then earned more interest (this is known as Compound Interest). The AER will only be higher than the gross interest rate where we pay you interest more than once a year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
Gross. This is the interest rate without the deduction of income tax. This is the interest rate paid on your account.
Shawbrook is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The FCA & PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.uk or www.bankofengland.co.uk/prudential-regulation
Business Easy Access Account
You never know what’s around the corner, it’s good to have some of your business savings easily available should you need it? With our Business Easy Access Savings Account, you get consistently competitive rates alongside total flexibility. Withdraw cash or add to your savings whenever you like.
Like everything we do at Shawbrook, it’s clear, simple and gimmick-free.
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.