AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year
GROSS is the annualised rate before deduction of tax at basic rate (currently 20%)
Financial Services Compensation Scheme (FSCS). Shawbrook is a member of the FSCS, a scheme that protects customers’ deposits. For more information about the scheme, and the limits of the protection, visit www.fscs.org.uk.
Prudential Regulation Authority (PRA)/Financial Conduct Authority (FCA). Shawbrook is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The FCA & PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.uk or www.bankofengland.co.uk/pra