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Easy Access savings accounts

With an Easy Access account, you can get next working day access to your money whenever you need it, whilst earning a competitive variable interest rate. Plus, if you’re a regular saver you can keep depositing extra funds too. And because flexibility matters, you can choose whether you want to receive your interest monthly or yearly.

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

  

Why this product could be for you?

Get next working day access to your money whenever you need it

  • Next working day access to your money if withdrawn online before 9:30pm
  • Unlimited deposits and withdrawals
  • You can open an account with as little as £1,000
  • Deposit up to £85,000 for sole accounts, £170,000 for joint accounts

Our Easy Access accounts

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

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

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

Explore our other products

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Savings accounts

At Shawbrook, it’s all about saving smarter, not harder.

We have a range of savings accounts to suit your needs. Consistently great rates, award-winning products and FSCS protected.

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.

Woman Standing Against The Wall

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. 

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.

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.

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.

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.

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.

 

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.

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. 

Award-winning Savings

Make sense of savings

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About our accounts

Learn about the different accounts Shawbrook offers.

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Depositing & withdrawing from your account

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

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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.