Protection
FSCS£120,000
Min balance
£10,000
Max balance
£250,000
Access
1 Year
Interest paid
Monthly/On maturity
Transfers in
Accepted
How It Stacks Up
Ranks 1st of 58
1-year cash ISAs we track
This account 4.97%
- UK CPI (Aug 2026)
- 3.10%
- Pays 1.87% more
- Average 1-year cash ISA
- 4.43%
- Pays 0.54% more
- Best 1-year cash ISA
- 4.97%
- About the same
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A Good Fit For
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: Only open to people new to Shawbrook
- Con: You need at least £10,000 to open it
- Con: Not flexible: money you withdraw can't be replaced without using more allowance
Good to Know
New Shawbrook customers only; existing customers can't apply. Apply online only, then manage online or by phone. UK residents aged 18+, UK taxpayers only, with a UK bank account to link. Sole accounts only, no power of attorney applications. Must be funded within 90 days. At maturity it moves to a Matured Funds account unless you choose otherwise.
Please verify all details with the provider – see our Disclaimer
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