Agree to 120 days' notice, and we'll pay you 1.25% AER. It’s a straightforward idea. You simply give us 120 days' notice when you want to make a withdrawal and we pay you a rate of 1.25% GROSS/AER. The interest rate is variable and may be altered in accordance with our terms and conditions for personal savings accounts. Interest is paid annually.
Before you apply for an account please read the following information:
The product summary below, the Key Product Information, the Terms and Conditions and the Depositor Protection Scheme Information documents.
||120 Day Notice Personal Account Issue 39
|What is the interest rate?
Interest rate for balances of £1,000 or more:
Gross / AER (Variable); 1.25%
Interest rate where the balance falls below the minimum account opening balance;
Gross / AER (Variable); 0.05%
Interest is calculated daily. We credit the interest on the anniversary of the date of receipt of your first deposit.
|Can Shawbrook Bank change the interest rate?
The Interest rate is variable and may be altered in accordance with the account Terms and Conditions and Section 17 Change To Interest Rates of our Terms and Conditions for Personal Savings Accounts.
|What would the estimated balance be after 12 months based on a £1,000 deposit?
A deposit of £1,000 at an annual Gross rate of 1.25% (variable) would generate an estimated balance of £1,013 in one year - This is for illustrative purposes only.
(This illustrative example assumes no withdrawals, no changes to the variable interest rate over the period and interest paid annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.)
|How do I open and manage the account?
- You can apply on-line. This account can be operated online or by telephone on 0345 266 6611.
- Minimum account opening balance of £1,000.
- Maximum account balance of £500,000.
- The account is only available to individuals who are 18 years of age or over, permanently resident in the UK, are only liable for UK tax and can provide a UK bank account as a nominated account.
|Can I withdraw money?
- Withdrawals are only available subject to 120 days' notice.
||Interest is paid Gross.
The information provided in the summary box above is a summary of the key features of the savings account and is not intended to be a substitute for reading the terms and conditions that apply to the account.