Shawbrook Bank revamps fixed-rate bond - Savings - News |

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Shawbrook Bank revamps fixed-rate bond

Shawbrook Bank revamps fixed-rate bond

Category: Savings

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 It is now over 6 months old so the content may be out of date.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 made a series of rate reductions, enhancing its presence across the fixed-rate bond market. Most notable is the five-year fixed rate deal which sits comfortably within the top ten of the best buy tables.

The basics…

The 5 Year Fixed Rate Bond Issue 6 pays a yearly rate of 2.75% to savers with deposits between £5,000 and £2 million.

The finer details….

Further additions can be made whilst the issue is open, although withdrawal of funds is not allowed.

The account is available to savers aged 18 and over and can be operated by post or telephone.

Why we like it….

This five-year bond offers investors with larger deposits a competitive rate of return. Four out of five Moneyfacts Stars have been awarded.

What next?

Compare the best savings rates
4 & 5 year fixed rate bonds

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 Any products featured may be withdrawn by their provider or changed at any time.