3 Year Fixed Rate Cash ISA

As the interest rate is fixed, the interest rate cannot be changed over the term of the account.

• You can only apply for this product online.
• Once your account is open, you can operate the account online or by telephone.
• The account is only available to individuals who are 18 years of age or over, permanently resident in the UK, are only liable for UK tax and can provide a UK bank account as a nominated account.
• A Cash ISA can only be held in the name of one person, Joint accounts are not permitted.
• The account cannot be opened by power of attorney/guardianship/intervention order holders acting for an account holder.
• You can only open and operate one Cash ISA with Shawbrook in any single tax year. 
• You add new ISA funds to your Shawbrook Cash ISA each tax year until the expiry of the fixed term, but there's a limit set by the UK government. For 2025-2026, that limit is £20,000 each tax year. The tax year runs between 6 April to 5 April. If you have more than one ISA account, this £20,000 limit applies to all of them together for that tax year. 
• If you decide to pay money into more than one ISA, you are responsible for making sure you don’t exceed your annual allowance. You can find more information on ISA allowances at https://www.gov.uk/individual-savings-accounts
• Transfers in from other Cash ISA or Stocks and Shares ISA providers are permitted. Requests to transfer funds into an account from another ISA provider must be made at the same time as your initial account application by signing a transfer form. Transfer requests received after your initial account application may be refused.  
• When you transfer ISA funds deposited in previous tax years, this does not count toward your current ISA allowance. You can transfer previous years’ ISA allowances up to the maximum balance of the account. These funds must be transferred as noted above. 

• This account has a fixed term, so you can only withdraw your money without incurring any charges at the end of the fixed term (also known as ‘maturity’).
• You are allowed to make withdrawals (including transferring out to other Cash ISA providers) before maturity but this is subject to a loss of 270 days’ interest (known as the early exit charge).  
• The early exit charge will be taken from interest earned but not yet credited to the account. 
• If you make a withdrawal or close your account and the amount of interest earned in your account does not cover the early exit charge, the early exit charge (or part of it) will be taken from your account funds. This may mean that you get back less than the amount you originally invested.
• If the end of the fixed-term falls on a non-working day, your funds will be made available on the next working day.
• We’ll write to you before maturity to remind you of the date that your fixed term ends. 
• At maturity, you can either withdraw your funds or transfer them into a new Shawbrook account of your choice (subject to any specific account terms and conditions). If you do not let us know what you wish to do by the maturity date, your account will revert to a Matured Funds account and the interest rate will be confirmed to you in writing.

• Please read this leaflet in conjunction with terms and conditions for Personal Savings Accounts.
• 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.
• We’ll send you a statement on the anniversary of the date of receipt of your first deposit and at 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 you change your mind and wish to cancel your application to open an account, you may do so at any time within the first fourteen calendar days from the opening date of your account. Please send a secure message to confirm your request or contact us by telephone.
• The Matured Funds account is subject to the following conditions:
  • You cannot make additional deposits into the account
  • Withdrawals can be made without giving prior notice
  • Interest earned on the Matured Funds account will be paid annually on 31 December and at closure of the account.
• If there are residual funds left in your Cash ISA after we action your transfer instructions on maturity, the residual funds will remain in your account but your account will revert to a Cash ISA Matured Funds account as set out above and the terms of that account will apply to the funds. 
• You can transfer out your balance to an alternative ISA provider at any point. If your transfer to another provider’s ISA product takes place prior to the expiry of your fixed term, then your account will be subject to the early exit charge as detailed within the “Can I withdraw money?” section.