Fixed Rate from Raisin UK
Protection
FSCS
Up to £120,000
Min balance
£1,000
Max balance
£120,000
Access
No access until maturity
Interest paid
On maturity
Raisin is a savings marketplace, not a bank.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Raisin UK's Shawbrook 1 Year Fixed Term Deposit?
Estimated interest
£1,000 saved
£48.70
At 4.87% AER
£5,000 saved
£243
At 4.87% AER
£10,000 saved
£487
At 4.87% AER
£120,000 saved
£5,844
At 4.87% AER
Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
This is a Raisin marketplace account, so you are opening a Shawbrook deposit through Raisin's platform rather than directly with Shawbrook, which is worth understanding before you apply. At 4.87% for one year, with a minimum of £1,000 and a maximum of £120,000, it suits savers who can set money aside and leave it untouched, because there is no access until maturity and interest is only paid at the end of the term. If you want to compare closely, the alternatives list shows Atom Bank's 1 Year Fixed Saver at 4.90% and thisbank's 1-Year Fixed Term Deposit at 4.93%, both of which I would still check before committing.
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