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Apply for a 2 Year Fixed Rate Bond

Get a clear, guaranteed rate when you lock up your money for a fixed term

In return for not making any withdrawals during the two-year fixed term, we guarantee to pay 2.50% AER.

If you’re happy to lock up your money for longer, you could benefit from a higher rate of interest. Remember, if you need to get your hands on your cash in a hurry, you can’t withdraw from this account until the end of the fixed term. If you think you’ll need your money before the end of the term, our Easy Access account could be for you. Take a look at our comparison table to see all the options.

2 Year Fixed Rate Bond Issue 76
AER
2.50% Fixed
Gross
2.50% Annually
2.47% Monthly

 

Before you apply for an account please read the following information:
The product summary below, the Key Product Information, the Terms and Conditions and the Depositor Protection Scheme Information documents.

 

Account Name

2 Year Fixed Rate Bond Issue 76

 

What is the interest rate?

Interest rate for balances of £1,000 or more:

Annual Interest (Fixed) 2.50% Gross / AER 
Monthly Interest (Fixed) 2.47% Gross / 2.50% AER

Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be 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.

 

Can Shawbrook Bank change the interest rate?

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

 

What would the estimated balance be after 24 months based on a £1,000 deposit?

A deposit of £1,000 at an annual Gross rate of 2.50% (fixed) would generate an estimated balance of £1,051 in two years - This is for illustrative purposes only.

(This illustrative example assumes no withdrawals, no changes to the fixed interest rate over the period and interest is paid and compounded 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.)

 

How do I open and manage the account?

  • You can only apply for this product online.
  • Once your account is open, you can operate the account through secure message or by telephone on 0345 266 6611.
  • Minimum account opening balance of £1,000.
  • Maximum account balance of £2,000,000.
  • 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.

 

Can I withdraw money?

  • This account has a fixed term, so you can only withdraw your money at the end of the fixed term (also known as ‘maturity’).
  • 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.

Additional Information

  • Interest is paid Gross

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

 

Terms Explained

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

Terms & Conditions for Personal Accounts

 

Regulation 

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

Fixed rate bonds

With our fixed rate bonds, you can make the most of your money. Simply choose how long you want to invest for and enjoy a fixed interest rate.

Whether you’re looking to put your money aside for one year or seven, we have a range of fixed term savings accounts to suit your needs.

 

Compare our best fixed rate savings

Our fixed rate bonds have higher maximum balances than ISAs and offer competitive interest rates. The exact interest rate you receive will depend on the term length. The comparison table below outlines the different fixed term accounts available at Shawbrook.

6 Month Fixed Rate Bond Issue 2 Summary PDF
AER
2.00% Fixed
Gross
2.00% Annually
1.98% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
1 Year Fixed Rate Bond Issue 76 Summary PDF
AER
2.15% Fixed
Gross
2.15% Annually
2.13% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
18 Month Fixed Rate Bond Issue 29 Summary PDF
AER
2.30% Fixed
Gross
2.30% Annually
2.28% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
2 Year Fixed Rate Bond Issue 76 Summary PDF
AER
2.50% Fixed
Gross
2.50% Annually
2.47% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
3 Year Fixed Rate Bond Issue 59 Summary PDF
AER
2.60% Fixed
Gross
2.60% Annually
2.57% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
5 Year Fixed Rate Bond Issue 40 Summary PDF
AER
2.80% Fixed
Gross
2.80% Annually
2.76% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
7 Year Fixed Rate Bond Issue 12 Summary PDF
AER
2.90% Fixed
Gross
2.90% Annually
2.86% Monthly
Min Balance
£1,000
Max Balance
£2,000,000
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 fixed rate bonds

We’ve rounded up some of the most important things to know about our fixed rate bonds below. Looking for more specific information? Click the account you’re interested in exploring on the comparison table above.

A fixed rate savings bond is a type of savings account that involves putting your money away for a set period to accumulate a guaranteed amount of interest.

As these allow for higher maximum balances than ISAs, they can be particularly appealing to those who have a larger amount of personal savings.

With Shawbrook’s fixed rate bonds, you can invest anywhere between £1,000 and £2,000,000 and choose from a range of term lengths from 6 months to seven years.

With a fixed term savings account, you benefit from a higher rate of interest than an easy access account because your cash will be inaccessible during the term.

The interest rate will typically be higher the longer you commit.

For more information on Shawbrook’s range of accounts, click through to the individual term pages via the table above.

The following applies to all of our fixed rate bonds, regardless of term length:

  • You can only open an account online
  • Once your account is open, you can operate this online via our eSavings portal or by telephone on 0345 266 6611
  • Minimum account opening balance of £1,000
  • Maximum account balance of £2,000,000
  • 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

As the interest rate is fixed, this cannot change over the term of the account.