2 Year Fixed Rate Plus Bond

4.96%

Fixed

AER

Gross

4.96% annually

4.85% monthly

Rates effective 16 October 2026.

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 a 2 Year Fixed Rate Plus Bond and opt for interest to be paid annually, your interest will be credited 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.

Opening deposit

£10,000

Balance after 2 Years

£11,017

This illustrative example assumes no withdrawals, no changes to the fixed 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.

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 must not have held a savings account with us in the past 28 days
You can fund your account within 28 days after opening. We'll close it if it remains unfunded by this time 
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

Minimum Balance

£10,000

Maximum Balance

£2,000,000

This account has a fixed term, so you can only withdraw your money at the end of the fixed term (also known as ‘maturity’)
If the end of the fixed-term falls on a non-working day, your funds will be made available on the next working day
We’ll write to you before maturity to remind you of the date that your fixed term ends
At maturity, you can either withdraw your funds or transfer them into a new Shawbrook account of your choice (subject to any specific account terms and conditions). If you do not let us know what you wish to do by the maturity date, your account will revert to a Matured Funds account and the interest rate will be confirmed to you in writing

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 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
If the product is withdrawn from sale you will be able to put more money into your account for a further 28 days
The Matured Funds account is subject to the following conditions:
- You cannot make additional deposits into the account
- Withdrawals can be made without giving prior notice
- Based on your interest payment preference, interest earned on the Matured Funds account will be paid annually on 31 December, or monthly on the last day of the month, and at closure of the account

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

Good for you if

you want a fixed rate
you can leave your savings untouched
you want to save with someone else

Consider something else if

you might need to make withdrawals
you want tax-free savings

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.

2 Year Fixed Rate Plus Bond