Before you apply for an account please read the product summary below and the:

• Key Product Information
• Terms and Conditions
• Depositor Protection Scheme Information

Apply - Annual Interest

Apply - Monthly Interest

7 Year Fixed Rate Bond Issue 18

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 you take out a 7 Year Bond and opt for interest to be paid annually, your interest will be credited on closure of the account. 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 84 months based on a £1,000 deposit?

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 manage the account online via our secure 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.

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

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