Our Easy Access accounts
A competitive, variable interest rate for the term. You can get next working day access whenever you want.
Easy Access Cash ISA
An individual savings account that offers a tax-efficient way to save and unlimited withdrawals.
Below are some of the most common queries about our savings accounts.
What is an easy access savings account?
An easy access account is a savings account that allows you to withdraw money without notice. Designed for saving, these will typically offer a higher rate of interest than a current account.
Easy access savings accounts offer a great deal of flexibility. With Shawbrook, you can make unlimited withdrawals (subjected to a minimum amount) without giving us any notice. You can also manage your account online, and deposit as much as you like (up to the account’s maximum balance). The choice is yours to decide whether to receive interest annually or monthly.
Shawbrook also offers easy access cash ISAs. You can deposit up to £20,000 in the current tax year (2023/24) tax-free with these. For more information, visit our cash ISAs page.
Why choose an easy access savings account?
Whether an easy access savings account is the best option will depend on your circumstances and savings goals. But some of the benefits include:
- Earn interest on your savings while having access to your money when you need it.
- Deposit or withdraw money whenever you need to with no notice.
- Rates of interest for easy accounts are typically lower than for fixed rate accounts or notice accounts but you’ll have flexibility in accessing funds.
When can I withdraw money from my easy access savings account?
You can withdraw money from your account at any point, without giving us any notice.
You can submit a withdrawal request online via our eSavings portal. Simply go to the ‘request’ tab in eSavings and select either ‘withdraw’ or ‘closure’ , and follow the instructions on screen.
The minimum withdrawal amount is £500.
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.
For more information, please see our Terms and Conditions for Personal Savings Accounts.
Can the interest rate change on an easy access savings account?
Yes, the interest rate is variable, so it can change.
You can find out more about how interest rates can change in section 17 of our Terms and Conditions for Personal Savings Accounts, which you’ll find on our Savings documentation page.
How do I open an account?
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.
Do you have minimum or maximum balance requirements?
Yes. The balance requirements vary by product, so you should check this information on the product you wish to apply for.
If you already have a savings account with us, all of this information will be in your welcome email.