Competitive business savings with Shawbrook | Product News - Moneyfacts

Product News

Competitive business savings with Shawbrook

Competitive business savings with Shawbrook

Category: Business
Date: 07/03/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Shawbrook Bank has reviewed rates on its fixed and variable rate business and charity accounts.

The basics…

The 100 Day Notice Business Savings Issue 9, and the charity version, now pay 1.25% yearly, while the 1 Year Fixed Rate Bond pays 1.50%.

The finer details…

All accounts can be opened by post with a minimum investment of £5,000, and must then be operated by post or by telephone.

Both allow further additions whilst the issues remain open and the notice account permits withdrawals (subject to 100 days' notice), but the bond doesn't allow early access so careful planning will be required.

Why we like them…

Despite the small reductions, these accounts maintain their positions within the Moneyfacts best buys with both paying competitive rates of interest.

Four Moneyfacts Stars have been awarded.

What Next?

Compare business savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close