Fixed rate savings accounts

5 Year Fixed Rate Bond

Issue 55
A fixed rate for the term. Your money is locked in for the term of the bond.
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Summary Box

5 Year Fixed Rate Bond - Issue 55

It’s important that you read the terms and conditions for our accounts. You can also download the key product information presented in this summary box.

What is the Interest Rate?

3.83%

Fixed

AER

Gross

3.83% annually

3.76% monthly

Rates effective 08 April 2025.

Interest is calculated daily. Interest will be paid on the anniversary of the date we receive your first deposit – this will be monthly or annually depending on the product you choose. If you take out a 5 Year Bond and opt for interest to be paid annually, your interest will be credited on the anniversary and at closure of the account.  If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.

All interest is paid Gross. 

Can Shawbrook change the interest rate?

As the interest rate is fixed, the interest rate cannot be changed over the term of the account.

What would the estimated balance be after 5 Years based on a £1,000 deposit?

Opening deposit

£1,000

Balance after 5 Years

£1,207

This illustrative example assumes no withdrawals, no changes to the fixed interest rate over the period and interest is paid and compounded 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 only apply for this product online.
  • Once your account is open, you can operate the account online or by telephone.
  • 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.

Minimum Balance

£1,000

Maximum Balance

£2,000,000

Can I withdraw money?

  • This account has a fixed term, so you can only withdraw your money at the end of the fixed term (also known as ‘maturity’).
  • If the end of the fixed-term falls on a non-working day, your funds will be made available on the next working day.
  • We’ll write to you before maturity to remind you of the date that your fixed term ends. 
  • At maturity, you can either withdraw your funds or transfer them into a new Shawbrook account of your choice (subject to any specific account terms and conditions). If you do not let us know what you wish to do by the maturity date, your account will revert to a Matured Funds account and the interest rate will be confirmed to you in writing.

Additional Information

  • Please read this leaflet in conjunction with terms and conditions for Personal Savings Accounts.
  • Eligible deposits are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. 
  • If you have a joint account, you'll be protected for £85,000 each. This means that up to £170,000 could be protected in your joint account.
  • We’ll send you a statement on the anniversary of the date of receipt of your first deposit and at closure of your account.
  • You can make a deposit to your fixed rate bond (fund your account) while the product is on sale.
  • If the product is withdrawn from sale you will be able to put more money into your account for a further seven working days.
  • Shawbrook reserves the right to withdraw this product at any time. You will not be notified in writing if we withdraw this product from sale. 
  • The Matured Funds account is subject to the following conditions:
    • You cannot make additional deposits into the account
    • Withdrawals can be made without giving prior notice
    • Interest earned on the Matured Funds account will be paid annually on 31 December and at closure of the account.

Plan for the long term with a guaranteed return on your savings

Good for you if

  • you want a fixed rate
  • you can leave your savings untouched
  • you want to save with someone else

Consider something else if

  • you might need to make withdrawals
  • you want tax-free savings

Apply Now

Make the most of your money with our 5 year fixed rate bond. Simply choose whether you want to receive your interest monthly or yearly and complete our short application form. 

Apply with Monthly Interest Apply with Annual Interest

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