Shawbrook savings accounts

Shawbrook Bank launched back in 2011 and is a savings and lending bank based in the UK. Whether you’re trying to squirrel away a few coins daily, or you’re looking to put a lump sum away to fatten up a bit, Shawbrook Bank has a variety of savings options.

Shawbrook Bank's top savings rate of 4.56% is available on one of its business savings accounts.

Easy access savings accounts

Shawbrook Bank's best easy access rate of 3.85% is significantly lower than today's market-best rate of 6.89%. Compare more instant and easy access accounts up to 6.89%

Cash ISAs

Shawbrook Bank's best cash ISA rate of 4.11% is significantly lower than today's market-best rate of 5.9%. Compare more ISAs up to 5.9%

Fixed-rate bonds

Shawbrook Bank's best fixed-rate bond rate of 4.47% is very slightly lower than today's market-best rate of 4.7%. Compare more fixed-rate bonds up to 4.7%

Notice savings accounts

Shawbrook Bank's best notice savings account rate of 3.9% is slightly lower than today's market-best rate of 4.85%. Compare more notice savings accounts up to 4.85%

Business savings accounts

Shawbrook Bank's best business savings account rate of 4.56% is very slightly lower than today's market-best rate of 4.65%. Compare more business savings accounts up to 4.65%

What is Shawbrook Bank's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Shawbrook Bank offers, plus the highest interest rate currently available.

Savings account types include	Easy access, cash ISAs, fixed-rate bonds, notice accounts, business
Best easy access rate	3.85%
Best cash ISA rate	4.11%
Best fixed-rate bond rate	4.47%
Best notice account rate	3.9%
Best business savings account rate	4.56%
Fixed bond terms	9 months - 7 years
Notice account periods available	45 days - 120 days
Opening options	Website, post
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Does Shawbrook Bank offer online or mobile banking?

Shawbrook Bank is an online-only bank. It doesn’t have any physical branches, so you apply and manage your account remotely. This could be on its website, through direct message, over the phone, or in some circumstances by post. It doesn’t have a mobile app for savings account customers.

How safe is Shawbrook Bank?

Your personal savings are protected by the Financial Services Compensation Scheme for up to £85,000 with Shawbrook Bank. Joint accounts are protected for up to £170,000. Shawbrook Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

What are the pros and cons of banking with Shawbrook Bank?

Our verdict

Shawbrook Bank offers a range of competitive savings accounts, whether you’re looking for an easy access account, a fixed rate bond, a notice account or a cash ISA. As long as you’re happy to manage your savings online, Shawbrook’s offerings are well worth a browse – just make sure you check out the market’s current top offers first to see how they compare.

Frequently asked questions

• Who owns Shawbrook Bank?

  Following a takeover in 2017 Shawbrook Bank is owned by Pollen Street Capital and BC Partners.

• Can I send a cheque to fund my account?

  Shawbrook Bank no longer accepts cheque deposits. You can transfer in funds electronically by faster payment, BACS or CHAPS.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.