Shawbrook Bank has boosted the rates paid on selected savings accounts by up to 0.15%, pushing its 95-day and 120-day notice accounts into market-leading positions.
120 Day Notice Personal Savings Account Issue 29 now pays a market-leading variable rate of 1.85% yearly, enabling it to top the Moneyfacts charts. Meanwhile, its 95-day counterpart (Issue 18) pays 1.75% yearly, also a market-leading rate for its term.
Both accounts can be opened by post or online and then managed in the same way as well as by phone. A minimum investment of £1,000 is required. Savers should note that access is via a nominated account.
Additional deposits can be made while the issues remain open and an unlimited number of penalty-free withdrawals are allowed. However, early access is not permitted, so savers must ensure that they abide by the accounts' respective notice periods.
Both of these deals pay the top rates for their terms, soundly beating all of their competitors. This alone is enough to attract eager savers, and provided they are happy to plan their withdrawals, both of these accounts should prove to be popular options.
Moneyfacts rating: Excellent
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