45 Day Notice Account
45 Day Notice Account - Issue 18
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?
3.60%
Variable
AER
Gross
3.60% annually
3.54% monthly
If the balance falls below £1,000
0.05% Variable
Rates effective 04 July 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 a 45 Day Notice Savings 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 the Bank of England base rate.
What would the estimated balance be after 1 Year based on a £1,000 deposit?
Opening deposit
£1,000
Balance after 1 Year
£1,036
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
- 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
£1,000
Maximum Balance
£500,000
Can I withdraw money?
- Withdrawals can be made online at any time subject to 45 days’ notice.
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
- If the product is withdrawn from sale, you can continue to put more money into your account, up to the maximum balance
- To close your account, please send a secure message to confirm your request or contact us by telephone
The flexible way to achieve your savings goals
Good for you if
- you want to avoid impulse withdrawals
- you want to make regular deposits
- you want to save with someone else
Consider something else if
- you want a fixed rate
- you want next day access to your money
Apply Now
Existing customers
Log in and go to Open a new account to apply in a few quick steps
New customers
Simply choose whether you want to receive your interest monthly or yearly and complete our short application form.
Not the right product for you?
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