Easy access savings accounts

With an easy access account, you can get next working day access to your money whenever you want while earning a competitive, variable interest rate. Plus, if you’re a regular saver, you can keep depositing extra funds, too.

And if that flexibility wasn’t enough, you can choose whether you want to receive your interest monthly or yearly. Like everything we do at Shawbrook — it’s clear, simple, and gimmick-free.

Our easy access account has lots of great benefits

  • Deposit up to £85,000 for sole accounts, £170,000 for joint accounts
  • No limit on the number of withdrawals
  • No notice required to withdraw funds
  • Minimum withdrawal amount £500
  • Open and manage your account online
  • Minimum opening balance £1,000
  • Next working day access to your funds if withdrawn online before 9:30pm
Easy Access Account Issue 37 Summary PDF
5.00% Variable
5.00% Annually
4.89% Monthly
Min Balance
Max Balance
£85,000 sole accounts
£170,000 joint accounts
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 or visit www.fscs.org.uk

About our easy access savings accounts

Want to know more about the easy access savings accounts we offer? Explore below.

An easy access account is a savings account that allows you to withdraw money without notice. Designed for saving, these will typically offer a higher rate of interest than a current account.

Easy access savings accounts offer a great deal of flexibility. With Shawbrook, you can make unlimited withdrawals (subjected to a minimum amount) without giving us any notice. You can also manage your account online, and deposit as much as you like (up to the account’s maximum balance). The choice is yours to decide whether to receive interest annually or monthly.

Shawbrook also offers easy access cash ISAs. You can deposit up to £20,000 in the current tax year (2023/24) tax-free with these. For more information, visit our cash ISAs page.

If you want to earn interest on your money while still accessing your funds, an easy access savings account could be the best option for you.

Easy access accounts offer more flexibility than fixed term accounts.

You can withdraw money as often as you like, and there is no notice required.

You can make withdrawals and deposits at any time, but they must only be to and from your nominated account.

The minimum account withdrawal amount is £500. If we receive an online withdrawal request before 9:30pm on a working day (or a request by phone or secure message by 2:30pm), you should receive your funds into your nominated account on the next working day.

For more information, please see our  Terms and Conditions for Personal Savings Accounts.

The interest rate is variable and may alter per your account’s terms and conditions. You can find out more in ‘Section 17: Change To Interest Rates’ of our Terms and Conditions for Personal Savings Accounts.

It’s simple to open an easy access savings account.

You can apply online and need a minimum account opening balance of £1,000. As for the maximum, this is £85,000 for sole accounts or £170,000 for joint accounts.

The account is only available to individuals who are 18 years of age or over, permanently reside in the UK, are only liable for UK tax, and can provide a UK bank account as a nominated account.

Only one easy access account is permitted per customer, which can be a sole or joint account.

Once your account is open, you can manage the account online via our secure eSavings portal or by telephone on 0345 266 6611.