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Shawbrook Bank launches new business savings products

Andreea Dulgheru | 15:18 Friday 31st January 2020

Shawbrook Bank has launched two new business savings products and enhanced a third to strengthen its portfolio.

The bank will now offer a 45-day notice business account and a two-year fixed rate business bond to provide businesses across the UK with a greater range of savings options.

In addition, Shawbrook’s existing one-year fixed rate business bond has been enhanced by adding monthly and annual interest options.

The AER for the 45-day notice business account is 1.10% gross per annum, 1.09% gross per month and available for investments between £5,000 and £2m.

The two-year fixed rate business bond offers an AER of 1.60% gross per annum and 1.59% gross per month.

Alun Williams, commercial director for savings at Shawbrook Bank, said: “We believe our new business savings options will cater to the saving needs of the UK’s SMEs and remove the headaches and frustrations that businesses can feel when managing their money, allowing them to instead focus on what is important to them: running their business.”

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