5 Year Fixed Rate Cash ISA Bond Issue 16 - Shawbrook Bank

5 Year Fixed Rate Cash ISA Bond Issue 16

Shawbrook Bank
2.3 % AER
Headline Interest Rate
FSCS
Compensation Scheme
£ 1,000 min initial deposit
£ 250,000 max balance
  • Open By:

About the account

Headline Interest Rate: 2.3 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Transfers In: yes however it must be requested with the initial application as any transfer request made after this may not be accepted.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 12 Mar 2019

This account may be appropriate for you if

  • You haven't already opened a Cash ISA this year
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0002.30%2.30%2.30%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 1,000
Maximum Balance: £ 250,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed

Withdrawals

Withdrawal Conditions: Withdrawals and closure permitted subject to 360 days loss of interest penalty.
Minimum Withdrawal: £ 1
Notice and Penalty Charge: Withdrawals are subject to 360 days loss of interest penalty.
Free Withdrawal Conditions: All withdrawals are subject to 360 days loss of interest penalty.
Transferred on Maturity: Customers will be contacted prior to maturity to discuss options available to them. If no instructions are received from the customer by maturity, funds will be rolled over into a Maturity Easy Access Cash ISA account.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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