Tax Certificates: Please note we will upload tax certificates for the 2019/20 tax year to your online account by the end of April.
ISA Notice: Our ISA products are currently off sale, but will be live in the new 2020/21 tax year. All electronic transfers for ISA deposits need to be received by 2pm on 3rd April 2020, for the 2019/20 tax year.
Fixed Term Accounts
Fixed rate bonds provide a simple way to save knowing precisely how much you’ll earn in interest. While rates for other accounts can go up or down, with a fixed bond we’ll pay the stated rate for the term, guaranteed.
It’s important to know that you can’t withdraw money from a fixed rate bond until the end of the term - what’s called maturity. So it’s best for savers who know they won’t need the money in the meantime.
At Shawbrook we currently offer fixed rate bonds over 1 to 7 years, so you can choose an account that suits you.
If you’re not looking for an ISA account, but are still looking for a fixed rate of interest across the account term, we offer Fixed Rate Bonds for 18 months, 2, 3, 5 or 7 year terms with competitive rates of interest.
These accounts offer higher maximum balances than our Fixed Rate Cash ISA accounts, and some accounts also allow lower minimum balances.
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.
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