The specialist bank was named ‘Best Business Easy Access Savings Account Provider’ and was also Highly Commended or a Finalist in several other categories at the Savings Champion Awards
Shawbrook Bank has been recognised at a key industry awards ceremony aimed at highlighting the top savings providers in the UK.
The Bank’s savings products for both SMEs and consumers were recognised at the Savings Champion Awards, with Shawbrook being named ‘Best Business Easy Access Savings Account Provider’.
Shawbrook was also Highly Commended in the category for ‘Best Savings Provider for Existing Customers’ at the ceremony, which this year celebrates its eighth year.
As well as being recognised in those two categories, Shawbrook was also a finalist in several others including the ‘Best Notice Account Provider’, ‘Best Cash ISA Provider’, ‘Best Fixed Rate Cash ISA Provider’, ‘Best Long Term Fixed Rate Cash ISA Provider’, ‘Best Business Notice Account Provider’ and ‘Best Business Fixed Rate Bond Provider’.
Alun Williams, Commercial Director for Savings at Shawbrook Bank, said:
“We are absolutely delighted by this award.
“We launched our online Business Savings Easy Access account in November 2019, signalling the beginning of our enhanced savings proposition for micro and smaller businesses.
“Since then we’ve grown our SME deposits through our service led proposition and more products coupled with our competitive rates and digitised service.
“Many banks offer minimal interest to small businesses on their deposits and Shawbrook’s goal, as a specialist SME bank, is to offer the choice of better interest rates for micro and smaller business depositors.
“To be recognised for that work in a little over twelve months is an outstanding achievement and one that the team here should be very proud of.”
“I am also particularly delighted to be Highly Commended in the ‘Best Savings Provider for Existing Customer’ category which is outstanding recognition of the work we’ve done to improve the overall customer experience in what was a volatile year for savers.”
Tom Adams, Head of Research at Savings Champion, said:
“Shawbrook Bank has demonstrated an admirable level of consistency in this often neglected area of the savings market, but one which is vital for businesses to make the most of surplus cash.
“Too often businesses settle for earning next to nothing on their cash, particularly with the high street banks, instead they should look at a consistently competitive provider like Shawbrook Bank with a view to improving their returns.”