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Fixed rate savings accounts

Enjoy a fixed interest rate on your lump sum with terms up to 7 years. And 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

  image of savings awards

Why this product could be for you?

Plan for the long term with a guaranteed return on your savings

  • Get certainty with a fixed rate
  • Deposit a lump sum over a range of fixed terms
  • Apply and open an account with as little as £1,000

Our fixed rate 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

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

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

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

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

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.

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. 

A fixed rate savings bond is a type of savings account that involves putting your money away for a set period of time. Because you’re locking it away, you get a guaranteed amount of interest as we won’t change the interest rate during that time.

As these allow for higher maximum balances than ISAs, they can be particularly appealing to those who have a larger amount of personal savings.

Although fixed rate savings bonds usually have a higher rate of interest than notice or easy access accounts, fixed bonds aren’t for everyone. If you need more flexibility, a notice account or an easy access account could be right for you.

We also offer fixed rate Cash ISA bonds.

Whether a fixed rate savings bond is the best option will depend on your circumstances and savings goals. But some of the benefits include:

  • Your interest rate is fixed, so you know what return you’ll get on your investment.
  • You’ll typically get a higher rate of interest than you would with a notice or easy access savings account.
  • Fixed rate bonds allow for higher balances than ISAs, so may work well for you if you have a larger amount of personal savings.

 

You can reinvest or move your funds at the end of the fixed rate term.

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.

 

As the interest rate is fixed, this won’t change over the term of the account.

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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Help

All about ISAs

Everything you need to know about ISAs and how they work.

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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.