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Savings accounts

Save smarter, not harder with a range of savings accounts to suit your needs. From easy access and fixed rate bonds to notice accounts and Cash ISAs. If you're looking for a hassle-free way of saving, while maximising the interest you can earn, make your move to Shawbrook.

Why Shawbrook?

Here are just a few reasons why...

  • Award-winning products
  • Consistently competitive rates
  • FSCS Protected up to £85,000
  • Receive your interest monthly or yearly

  

Discover our savings accounts

A range of award-winning savings accounts to suit your needs.

  • Get flexibility with easy access and notice accounts
  • Choose certainty with a fixed rate bond or tax-free saving
  • Open an account with just £1,000
  • Apply online within minutes

What are the different types of savings accounts?

Compare savings accounts

1 Year Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

1 year

5.16%

Fixed

Gross AER

45 Day Notice Account

Let us know in advance when you would like to make a withdrawal, and we’ll pay you an attractive variable rate.

Term

Unlimited

5.16%

Variable

Gross AER

1 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

1 year

5.01%

Fixed/Tax-Free

Gross AER

Easy Access

A competitive, variable interest rate for the term. You can get next working day access whenever you want.

Term

Unlimited

5.00%

Variable

Gross AER

9 Month Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

9 months

4.95%

Fixed

Gross AER

Easy Access Cash ISA

An individual savings account that offers a tax-efficient way to save and unlimited withdrawals.

Term

Unlimited

4.70%

Variable/Tax-Free

Gross AER

18 Month Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

18 months

4.60%

Fixed

Gross AER

120 Day Notice Account

Let us know in advance when you would like to make a withdrawal, and we’ll pay you an attractive variable rate.

Term

Unlimited

4.50%

Variable

Gross AER

2 Year Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

2 years

4.35%

Fixed

Gross AER

2 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

2 years

4.35%

Fixed/Tax-Free

Gross AER

3 Year Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

3 years

4.05%

Fixed

Gross AER

3 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

3 years

4.05%

Fixed/Tax-Free

Gross AER

5 Year Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

5 years

3.70%

Fixed

Gross AER

5 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

5 years

3.70%

Fixed/Tax-Free

Gross AER

7 Year Fixed Rate Bond

A fixed rate for the term. Your money is locked in for the term of the bond.

Term

7 years

3.60%

Fixed

Gross AER

7 Year Fixed Rate Cash ISA

An individual savings account that offers a tax-efficient way to save and the security of a guaranteed rate.

Term

7 years

3.60%

Fixed/Tax-Free

Gross AER

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. Joint accounts are protected up to £170,000. Any deposits you hold above the limit are unlikely to be covered. For further information visit www.fscs.org.uk

Award-winning savings

Explore our products

Cash ISAs

Easy access or fixed rate on your ISA account – it’s up to you.

Invest up to £20,000 tax-free each year and choose from easy access or fixed rate accounts.

Fixed rate savings accounts

Find a fixed rate savings account with a term that suits your needs.

Benefit from a guaranteed interest rate with terms ranging from 9 months to 7 years.

Easy Access accounts

Discover Easy Access savings with a competitive rate.

Withdraw your money whenever you need it – open as a sole or joint account.

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Notice savings accounts

Open a Notice savings account with as little as £1,000.

Enjoy more flexibility than a fixed rate bond and choose a 45 or 120-day notice period.

Help

Below are some of the most common queries about our savings accounts. 

You can open an account on our website by selecting 'learn more and apply' next to the account you'd like.

All our applications are subject to eligibility and verification of your identity. If we need more information from you to complete our checks and set up your account, a member of our team will be in touch within five working days from the submission of application.

 

You can make a payment to us by electronic payments only. This includes Faster Payments, BACS and CHAPs.

As we don't take payment from you automatically, you'll need to make any payments from your nominated, or linked, account, using the following details:

Payee Name: Shawbrook Bank
Sort Code: 16-58-73
Account number: Your Shawbrook Savings Account number
Reference: Your name as the payment reference

If you're not sure what account number to use, you can get help on how to find your account number.

 

We're not part of the confirmation of payee scheme, so your bank may tell you this when you try and make a payment. It's nothing to worry about. For peace of mind, you may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.

If you already have an ISA and want to transfer your previous allowances to us, you can find out more on how to transfer an ISA.

Funds are credited to your account the same working day, if sent prior to 3.30pm. If funds are sent after this time or not on a working day (Saturday and Sunday or English public holiday), the funds will credit your account the following working day. You will begin to earn interest once the credit has been applied to your account.

If you've registered a mobile number with us, we'll send you a text to let you know the funds have been credited.

If it's been more than one working day since you transferred the funds, check your nominated account in case it's been returned to your account. This could happen if the product is no longer open for funding. Please contact us if you have any issues and we'll take a look.

You can contact the savings team by logging in and sending a secure message, or getting in touch by phone on 0345 266 6611

Our team are available Monday to Friday, 9.00am - 5.00pm, excluding public holidays.

It depends on the account.


If your account does allow you to withdraw funds, taking your account below the minimum balance will affect the interest we pay. Check your terms and conditions for more details.

 

Notice Accounts

If your account has a notice period, then you will not be able to withdraw funds within your applicable notice period. You will need to submit a withdrawal request to us and once your notice period has expired your funds will be sent to you. Find out how to submit a withdrawal request.

 

Fixed Term Bonds

You will not be able to withdraw funds prior to end of your fixed term. Before expiry of your fixed term we will write to you to let you know the Shawbrook Savings options available for your maturing funds which will include withdrawing the funds out of the bank.

If your fixed term bond is an ISA, you can withdraw funds (although you'll lose your ISA status on these funds), with a minimum withdrawal of £1,000. If withdrawing money will leave you with less than £1,000, you'll need to contact us so we can discuss the options with you.

You can contact the savings team by logging in and sending a secure message, or getting in touch by phone on 0345 266 6611

Our team are available Monday to Friday, 9.00am - 5.00pm, excluding public holidays.

 

Easy Access Accounts

If we receive an online withdrawal request before 9:30pm on a working day (or a request made by phone or secure message by 2:30pm), you should receive your funds into your nominated account on the next working day.

Find out more information on when you'll receive withdrawn funds.

Some Easy Access Accounts have a minimum withdrawal limit. Please check your Key Product Information for more information.

If you want to withdraw less than £500, you'll need log in and send us a secure message, as we'll need to help you do this.

 

ISA Accounts

You can withdraw your funds at any time but this will result in you losing your tax benefits from the point of the withdrawal. If your account has a fixed term or notice period, there may be an early exit charge to pay

To maintain your tax benefits you can transfer out your cash ISA balance to another ISA provider at any point. To make a transfer out you must contact your new ISA provider and request a transfer. Your new ISA provider will undertake the transfer on your behalf. If you withdraw funds or transfer funds out to another provider before the end of any fixed term or notice period you may incur an early exit charge (normally a loss of interest). After the exit charge has been applied you may have less money than you originally deposited depending on the terms of your particular Shawbrook Bank cash ISA.

Details of early exit charges will be contained in the Key Product Information document provided when you open your account.

If you make a withdrawal from a cash ISA account you cannot deposit funds back into your account if the deposit amount means you exceed the maximum annual subscription allowance.

Cash ISAs are free of income tax. 

The ISA allowance for the 2023/24 tax year is £20,000. This means you can save £20,000 of new money into your ISA in this tax year.

Our Cash ISA maximum balance is £250,000 so you can transfer other ISA balances into your new Shawbrook ISA up to £250,000.

If these balances are from previous tax years, they do not count towards the £20,000 limit in the current tax year 2023/24.

If you're splitting your ISA allowance over several ISAs, the maximum deposit across all of your accounts is £20,000.

You can find out more about ISAs in our guide to ISAs.

Need more help?

We have a range of information to help you understand savings including how our products work, operating your account and getting in touch with our team. 

Make sense of savings

Insights

ISAs Explained

In this guide, we’ll help you understand everything there is to know about ISAs, including the key features of an ISA and the types Shawbrook and other providers offer.

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Help

Depositing & withdrawing from your account

Find out how to make a deposit and withdrawal from your savings account.

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Help

Getting your documents

Help on accessing your documents. 

Savings accounts for your business

Make your cash work as hard as you do. If your business is in the enviable position of having some spare cash to hand - even if it’s for a finite period of time - it makes sense to get it working for you. At Shawbrook we have a range of solutions designed to suit the needs of your business.

Our business

About Shawbrook

Shawbrook is a different kind of bank, built to accommodate individuality, diversity and the dynamics of the modern world. We combine great technology and the expertise of our people to understand our customers’ individual requirements and to meet their evolving needs.

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Sustainable strategy

Our sustainability strategy is designed to create value for our customers, colleagues, communities, suppliers and shareholders, while having a positive impact on society and the wider environment. 

Making a difference together

As official banking partner of Saracens Rugby Club, we are proud to champion elite women’s sport by supporting the growth of both women’s rugby and netball as lead sponsor of the Mavericks.