Fixed Rate from Shawbrook
Protection
FSCS
Up to £120,000
Min balance
£1,000
Max balance
£2,000,000
Access
No access until maturity
Interest paid
Anniversary
Transfers in
Accepted
You can fund your account within 28 days after opening.
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Want to know how much interest you will receive with Shawbrook's 5 Year Fixed Rate Bond?
Estimated interest
£1,000 saved
£292
At 5.25% AER
£5,000 saved
£1,458
At 5.25% AER
£10,000 saved
£2,915
At 5.25% AER
£2,000,000 saved
£583,096
At 5.25% AER
Estimated over the 60-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Shawbrook's five-year fixed bond at 5.25% will appeal to anyone who has a lump sum they genuinely will not need to touch for the full term, since the account offers no access until maturity and that is the central trade-off to weigh carefully. You need at least £1,000 to open it, and interest is calculated daily and paid on the anniversary of your first deposit, which is a tidy way to see compounding work over five years. If you want to shop around at the same rate, GB Bank also offers a five-year fix at 5.25%, so I would still check both before committing.
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