Who are Shawbrook/Whiteaway Laidlaw Bank?

Who are Shawbrook/Whiteaway Laidlaw Bank?

Category: Banking

Shawbrook Bank came into existence on Monday 17 October 2011, bringing together elements of Whiteaway Laidlaw Bank, Link Loans and Commercial First.

Owned by Royal Bank of Scotland Equity Finance, Shawbrook Bank offers saving and lending products to individuals and businesses (although lending products are only available through selected brokers).

Who are Shawbrook Bank?

Shawbrook Bank is effectively a renamed Whiteaway Laidlaw Bank. Historically Whiteaway Laidlaw has featured in our short term fixed rate bonds and notice account best buys.

Some things to know about Shawbrook Bank:

• It holds a UK Banking Licence
• It is regulated by the Financial Conduct Authority
• It is covered by the UK Financial Services Compensation Scheme

The Financial Services Compensation Scheme covers you for the first £85,000 you hold, per financial group.
Remember that Shawbrook Bank incorporates all of Whiteaway Laidlaw's savings customers, so if you have an account with Whiteaway Laidlaw it will now be a Shawbrook Bank account.

Although Shawbrook Bank is owned by RBS Equity Finance, it does not affect compensation arrangements. You would have £85,000 protected by the Financial Services Compensation Scheme for Shawbrook Bank, and a further £85,000 with RBS.

What products does Shawbrook Bank offer?

Personal customers
Savings accounts – primarily fixed rate bonds and notice accounts
Shawbrook Bank also offers secured and home improvement loans through selected brokers only

Business customers
Notice savings accounts
Commercial mortgages (through selected brokers only)

What Next?

Compare the best savings accounts

Business customer? Check out our business savings account chart

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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