1 Year Fixed Rate Bond Issue 104
4.75%
Fixed
Gross AER
Gross
4.75% annually
4.65% monthly
Min balance
£1,000
Max balance
£2,000,000
Plan for the long term with a guaranteed return on your savings
Good for you if
- you want a fixed rate
- you can leave your savings untouched
- you want to save with someone else
Consider something else if
- you might need to make withdrawals
- you want tax-free savings
Features and benefits
High maximum balance
Save up to £2,000,000, with a minimum balance of £1,000.
Clear, guaranteed rate
Enjoy peace of mind with a rate that's fixed for the duration of your term.
Important Documents
Apply Now
It’s simple, choose whether you want to receive your interest monthly or yearly, and complete our short application form.
Additional Information
Can Shawbrook change the interest rate?
No. The interest rate is fixed, which means we cannot change the interest rate for the duration of your term.
How do I open and manage the account?
You can only open this account online. Minimum account opening balance is £1,000 and maximum account balance is £2,000,000. You can manage the account online or by phone. This account is only available to individuals who are 18 years of age or over, permanent resident in the UK, are only liable for UK tax and can provide a UK bank account as a nominated account.
Can I withdraw my money?
No, you can't withdraw your money until the end of the fixed term when your bond matures. When your bond matures, you can reinvest with us, withdraw your money or transfer it elsewhere. We'll write to you before your maturity date to remind you of your options.
Are my deposits protected?
Eligible deposits are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. If you have a joint account, you'll be protected for £85,000 each. This means that up to £170,000 could be protected in your joint account.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Opening deposit
£1,000
Balance after 12 months
£1,048
This is an illustrative example. It assumes no withdrawals and no changes to the fixed interest rate over the period, with interest paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound.
Apply Now
Make the most of your money with our 1 year fixed rate bond. Simply choose whether you want to receive your interest monthly or yearly and complete our short application form.
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