Shawbrook Bank has been recognised twice in the latest ‘Top Performers’ list by MoneyComms.
The specialist bank – which serves UK-based consumers and businesses – has been named ‘Best Personal Loan Provider’ and ‘Best Business Savings Provider’ of the year.
Shawbrook’s products were assessed against its competitors not only on rate, but product features, transparency, simplicity, consistency, and website navigation.
Paul Went, Managing Director of Shawbrook’s Consumer Lending business, said:
“This is a fantastic achievement by the team and testament to the strength of our personal loans product in what has also been a challenging year for both consumers and lenders.
“We are delighted to be recognised by the MoneyComms team as we hold transparency and the customer at the heart of what we do, which this award embodies.”
Alun Williams, Commercial Director for Shawbrook’s Savings business, said:
“We re-invented our Business Savings proposition at the end of 2019, receiving recognition as the Best Business Savings Provider in 2020 and now we’ve achieved that in 2021 too.
“We’re committed to building our profile as a specialist deposit taker for micro and smaller businesses, through offering simple products, great service and highly competitive rates, and this accolade is a super endorsement of this strategy.
“We look forward to continuing this momentum and supporting more businesses through 2021 and beyond.”
MoneyComms – now in its 9th year – monitors and analyses personal and business finance products, rates and trends across a range of sectors.
Its expert team assesses the top money providers and their products with the aim of helping consumers and businesses make more informed choices.
Andrew Hagger, personal finance expert, industry commentator and founder of MoneyComms, said:
“As a personal loans provider, Shawbrook was recognised for offering a combination of consistently competitive interest rates and a transparent product with 'consumer friendly' guaranteed personalised APRs; so no nasty surprises for loan applicants being offered much higher rates than advertised.
“The Bank’s recognition as Best Business Savings Provider was down to it consistently offering a wide range of attractive business savings rates for SMEs, whether customers were looking for instant access products or something longer term including notice accounts and fixed rate bonds – all bases were covered.”