17th April 2014
Shawbrook Bank has increased the rate on its 1-year Fixed Rate Bond, offering savers 1.95% AER.
The new issue is available today, 17 April, both online through the bank’s personal eSavings internet banking and by postal application.
James Blower, director of Savings at Shawbrook Bank, says: “I am pleased to offer another short-term competitive savings product that currently beats inflation rates and places us at the top of the table.”
“As a specialist British Bank we are committed to offering our savings customers consistently competitive rates along with the choice between 1 year, 18 months, 2 and 3 year bonds as well as longer term investments with our 5 Year product.”
Savers can invest any amount from £5,000 to a maximum of £2m with the interest paid on 31 December each year and on maturity. Deposits are also allowed up to the maximum account balance while the product is still available.