Easy Access accounts

Easy Access Plus

Issue 2

Earn a competitive, variable interest rate for the term, with a minimum opening balance of £10,000 - plus you can enjoy next working day access whenever you want.

 

For new customers only

Ready to apply?
Summary Box

Easy Access Plus - Issue 2

It’s important that you read the terms and conditions for our accounts. You can also download the key product information presented in this summary box.

What is the Interest Rate?

4.18%

Variable

AER

Gross

4.18% annually

4.10% monthly

If the balance falls below £10,000

0.05% Variable

Rates effective 04 December 2025.

Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be monthly or annually depending on the product you choose. If you take out an Easy Access Plus account and opt for interest to be paid annually, your interest will be credited on the anniversary and at closure of the account. If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day. For accounts opened on 29 February in a leap year, the anniversary in non-leap years will be treated as 28 February.

 

All interest is paid Gross. 

Can Shawbrook change the interest rate?

The Interest rate is variable and may be altered in accordance with this document and Section 17 Change To Interest Rates of our Terms and Conditions for Personal Savings Accounts. This is not a tracker product, which means the interest rate will not automatically adjust to track.

What would the estimated balance be after 1 Year based on a £10,000 deposit?

Opening deposit

£10,000

Balance after 1 Year

£10,418

This illustrative example assumes no withdrawals, no changes to the variable interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.

How do I open and manage the account?

  • You can only apply for this product online
  • Once your account is open, you can operate the account online or by telephone 
  • This account is for new customers only. You (or any joint account holder) must not have held a savings account with us in the last 28 days
  • The account is only available to individuals who are 18 years of age or over, permanently resident in the UK, only liable for UK tax and can provide a UK bank account as a linked account
  • You can only have one Easy Access Plus Account at a time. Each customer can hold up to five Easy Access Savings Accounts in total across all Easy Access product types. You can hold these accounts either solely or jointly
  • You can fund your account within 28 days after opening. We'll close it if it remains unfunded by this time

Minimum Balance

£10,000

Maximum Balance

£500,000 Sole

£1,000,000 Joint

Can I withdraw money?

  • You can request to withdraw your money online at any time, and there is no limit on how often you withdraw
  • The minimum withdrawal amount is £1
  • You can only withdraw to your linked account 
  • If we receive a withdrawal request online (excluding secure message) before 9:30pm, or by phone before 2:30pm, on a working day, you should receive your funds into your linked account on the next working day. You can also send us a secure message, and we’ll respond as soon as possible

Additional Information

  • Please read this leaflet in conjunction with terms and conditions for Personal Savings Accounts
  • Your savings with Shawbrook are protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects eligible deposits up to £120,000 per person, per authorised institution, across all accounts you hold with Shawbrook. For joint accounts, the protection limit is £240,000. Any deposits you hold above the limit are unlikely to be covered 
  • We’ll send you a statement on the anniversary of the date of receipt of your first deposit and at closure of your account
  • Shawbrook reserves the right to withdraw this product at any time. You will not be notified in writing if we withdraw this product from sale
  • You can make deposits into your account up to the maximum balance for as long as the account remains open
  • To close your account, please send a secure message, call us or send us a letter by post 

Get next working day access to your money

Good for you if

  • You can deposit £10,000 or more
  • you might need to make withdrawals
  • you want to save with someone else

Consider something else if

  • you want a fixed rate
  • you can leave your savings untouched

Apply Now

New customers

Simply choose whether you want to receive your interest monthly or yearly and complete our short application form.

Apply with Monthly Interest Apply with Annual Interest

Already a customer?

This account isn’t available to you, but we’ve got others. Log in and explore your options.

Not the right product for you?

Explore our range of award-winning savings products and compare rates to find the right one for you. 

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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.

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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.

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

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