Why Shawbrook?
Here are just a few reasons why...
Compare our best joint savings account rates
We provide joint accounts for various savings products, including fixed rates, easy access, and notice accounts. For more information, browse our FAQs on joint savings accounts.
The best joint savings account for you will depend on the level of flexibility you’re looking for and the interest rates offered. Find out more about our joint savings accounts in the comparison table below.
Explore our other products
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.
Easy Access accounts
Discover Easy Access savings with a competitive rate.Get next working day access to your money whenever you need it, whilst earning a competitive variable interest rate.
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.
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.
What is a joint savings account?
A joint savings account is similar to a sole account, except that two people share control of the account and can both deposit and withdraw funds. With a joint account, you can grow your savings together and potentially meet your savings goals faster.
At Shawbrook, you can both manage your account over the phone or via online banking. You may close the account at any time within 14 days after you open a joint account or receive your contractual terms (whichever is later). However, this cancellation right does not apply to any of our fixed rate products.
How do we open and manage a joint account?
It's easy to open a joint savings account online with us. We prefer to keep things simple, so you can manage your account online too.
Before opening a joint savings account, it's essential to know the minimum deposit required and the maximum balance you can hold. This varies depending on the account you choose.
We provide joint savings accounts with the following products:
Fixed rate bonds
Shawbrook’s fixed rate bonds have a minimum balance of £1,000 and a maximum of £2,000,000.
Notice accounts
Our 45 day and 120 day notice accounts require a minimum balance of £1,000 and have a maximum of £500,000.
Easy access accounts
Our Easy access accounts requires a minimum balance of £1,000. The maximum is £1,000,000 for joint accounts.
Easy Access Plus Account
Available to new customers only, Shawbrook’s Easy Access Plus Account requires a minimum balance of £10,000 and has a maximum of £1,000,000 for joint accounts.
You can start your application once you've decided which option is right for you. Select 'joint' as the applicant type on the application journey.
When you apply for a savings account, you can choose to receive interest monthly or annually. The only exception is our Bonus Easy Access Account, which pays monthly interest only.
Will applying for joint savings affect both parties’ credit scores?
No. Applying for a joint savings account won’t affect either person’s credit score.
That’s because we don’t carry out a credit check when you open a savings account with us. We may complete identity and verification checks, but these aren’t recorded in a way that impacts your credit file.
This means you can apply together with confidence, knowing your credit scores won’t be affected.
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.
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.
Financial Services Compensation Scheme (FSCS)
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. For further information visit www.fscs.org.uk