1 Year Fixed Rate Business Bond Issue 24
5.02%
Fixed
Gross AER
Gross
5.02% annually
4.91% monthly
Min balance
£5,000
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 business savings untouched
- You need four or less signatories authorised to operate the account
Consider something else if
- You might need to make withdrawals
- You want to save less than £5,000
Features and benefits
High maximum balance
If you have spare cash in your business, you can put up to £2,000,000 to work earning interest.
Clear, guaranteed rate
Enjoy peace of mind with a rate that's fixed for the duration of your term.
Suitable for a range of businesses
If you're a sole trader, a limited company (limited by shares) or a partnership (excluding limited liability partnerships).
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. You can manage the account online or by phone. Your business can only open one Easy Access account with Shawbrook.
You can open the account if you are a sole trader, a limited company (limited by shares), or a partnership (excluding limited liability partnerships). This account is not available if you have more than four shareholders, or you need more than four signatories.
All directors and beneficial owners of that business must be aged 18 or over, resident in the UK and only tax resident in the UK.
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. For further information visit www.fscs.org.uk
What would the estimated balance be after 12 months based on a £5,000 deposit?
Opening deposit
£5,000
Balance after 12 months
£5,251
This illustrative example assumes no withdrawals, no changes to the fixed interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.
Apply Now
Make the most of your businesses spare cash 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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