Shawbrook Bank

The Shawbrook Group (‘Shawbrook’) are a specialist UK savings and lending bank founded in 2011. They are a growing  bank that challenges the conventional approach of the mainstream banks. They offer loans, mortgages and savings products.

Their headquarters are based in Brentwood, Essex.

Shawbrook Bank
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Savings Accounts

Ranked 38th of 50 providers reviewed.

Customer happiness 66.55%
Customer trust 52.41%
Complaints performance 52.5%
Transparency rating 69.61%
Fairer Finance score
Reviewed Autumn 2022		 60%

Notice Savings Accounts

Up to 180 Day Notice Accounts

Shawbrook Bank

120 Day Notice Personal Account Issue 53

Interest Rate (AER) i 3%
Part of FSCS i
Notice Period 120 days
Minimum Opening Balance i £1,000.00
Maximum Balance i £500,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i

Up to 60 Day Notice Accounts

Shawbrook Bank

45 Day Notice Personal Account Issue 12

Interest Rate (AER) i 2.5%
Part of FSCS i
Notice Period 45 days
Minimum Opening Balance i £1,000.00
Maximum Balance i £500,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Early withdrawals allowed? i
Withdrawal Penalty i

Savings Accounts

1 Year Fixed Rate Accounts

Shawbrook Bank

1 Year Fixed Rate Bond Issue 85

Interest Rate (AER) i 3.95%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

18 Month Fixed Rate Bonds

Shawbrook Bank

18 Month Fixed Rate Bond Issue 39

Interest Rate (AER) i 3.97%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

2 Year Fixed Rate Accounts

Shawbrook Bank

2 Year Fixed Rate Bond Issue 86

Interest Rate (AER) i 4%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

3 Year Fixed Rate Accounts

Shawbrook Bank

3 Year Fixed Rate Bond Issue 65

Interest Rate (AER) i 3.9%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

5 Year Fixed Rate Accounts

Shawbrook Bank

5 Year Fixed Rate Bond Issue 45

Interest Rate (AER) i 3.6%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

7 Year Fixed Rate Accounts

Shawbrook Bank

7 Year Fixed Rate Bond Issue 17

Interest Rate (AER) i 3.36%
Minimum Opening Balance i £1,000.00
What happens at maturity? i If you don't instruct them otherwise the account will be converted into a mature funds account and the interest will be confirmed to you in writintg.
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Easy Access Accounts

Shawbrook Bank

Easy Access Issue 33

Interest Rate (AER) i 3.06%
Maximum Balance i £85,000.00
Part of FSCS i
Withdrawal Penalty i
Additional Information i
Minimum Opening Balance i £1,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 69

Interest Rate (AER) i 3.98%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 90 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

3 Year Fixed Rate ISAs

Shawbrook Bank

3 Year Fixed Rate Cash ISA Bond Issue 44

Interest Rate (AER) i 3.51%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a variable rate account until you instruct them further or withdraw the funds.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Earlier access costs 270 days interest
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

5 Year Fixed Rate ISAs

Shawbrook Bank

5 Year Fixed Rate Cash ISA Bond Issue 37

Interest Rate (AER) i 3.45%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you no later than 15 days before the maturity date. However, if they receive no further instruction they will move the funds into an easy access cash ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i Early access costs 360 days of interest.
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

7 Year Fixed Rate ISAs

Shawbrook Bank

7 Year Fixed Rate Cash ISA Bond Issue 14

Interest Rate (AER) i 3.47%
Minimum Opening Balance i £1,000.00
What happens at maturity? i The provider will contact you no later than 15 days before the maturity date. However, if they receive no further instruction they will move the funds into an easy access cash ISA.
Part of FSCS i
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?

Easy Access ISAs

Shawbrook Bank

Easy Access Cash ISA - Issue 23

Interest Rate (AER) i 3.17%
Part of FSCS i
Withdrawal Penalty i Withdrawals can be made via nominated account
Minimum Opening Balance i £1,000.00
Minimum Age to Open Account i 18
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA?
Can you transfer in funds from a stocks and shares ISA?