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 46th of 53 providers reviewed.

Customer happiness score 66.5%
Customer trust score 60.5%
Complaints performance 44.19%
Transparency rating 60.17%
Fairer Finance score
Reviewed Autumn 2023		 58%

Notice Savings Accounts

Up to 180 Day Notice Accounts

Shawbrook Bank

120 Day Notice Personal Account Issue 54

Interest Rate (AER) i 5.56%
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 13

Interest Rate (AER) i 5.23%
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 97

Interest Rate (AER) i 5.2%
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 44

Interest Rate (AER) i 5.13%
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 88

Interest Rate (AER) i 5.06%
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 66

Interest Rate (AER) i 4.85%
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 46

Interest Rate (AER) i 4.6%
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 18

Interest Rate (AER) i 4.5%
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 37

Interest Rate (AER) i 5%
Minimum Opening Balance i £1,000.00
Maximum Balance i £85,000.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i
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
Additional Information i

Savings Accounts (ISAs)

1 Year Fixed Rate ISAs

Shawbrook Bank

1 Year Fixed Rate Cash ISA Bond Issue 84

Interest Rate (AER) i 5%
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?

2 Year Fixed Rate ISAs

Shawbrook Bank

2 Year Fixed Rate Cash ISA Bond Issue 77

Interest Rate (AER) i 4.9%
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
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 180 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 51

Interest Rate (AER) i 4.85%
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 43

Interest Rate (AER) i 4.6%
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 18

Interest Rate (AER) i 4.5%
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 26

Interest Rate (AER) i 4.7%
Minimum Opening Balance i £1,000.00
Part of FSCS i
Withdrawal Penalty i Withdrawals can be made via nominated account
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?