Shawbrook Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Shawbrook Bank suits UK savers who want fee-free easy access to a bank deposit, although the advertised rate may not lead the market. The easy-access account pays a variable rate of 2.7% and allows online withdrawals without limit, making access the main attraction.
Key facts
- Best for
- UK savers wanting fee-free easy access to a bank deposit.
- Headline rate
- 2.7%↗
- Rate type
- Variable↗
- Minimum deposit
- £1,000↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- Next working day access to linked account, withdraw online any time with no limit, minimum withdrawal GBP 1↗
- Monthly fee
- £0↗
- Account kind
- Easy access↗
- Legal entity
- Shawbrook Bank Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 1988↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- shawbrook.co.uk
Loans
Mortgages
Facts checked September 26, 2026, 8 sources
Apps and profiles
Pros and cons
Pros
- The easy-access account allows online withdrawals at any time without limit.
- The account has a monthly fee of £0.
- Deposit protection is provided through the FSCS at FSCS up to GBP 85,000.
- Linked-account access is available on the next working day.
Cons
- The easy-access account requires a minimum deposit of £1,000.
- The account pays a variable rate of 2.7%, so the rate may change.
Who it suits
- Savers who keep an emergency fund in an easy-access account and may need withdrawals without notice.
- UK customers who want no monthly account fee and value next-working-day linked-account access.
- People who accept a variable rate and are comfortable with a minimum deposit of £1,000.
Who should look elsewhere
- Wise or bunq if a higher advertised headline rate is the priority, with rates of 3.29% and 3.01% respectively.
- Finteres if you prefer a product positioned around a headline-rate range of 0% to 36%.
- Savers wanting a fixed-rate account, because this account pays a variable rate of 2.7%.
How it compares on our data
Shawbrook Bank ranks 281 for headline rate among 488 brands. Its minimum deposit also ranks 355 among 379 brands. These positions place the easy-access account in the wider savings market without presenting it as a rate leader.
How Shawbrook Bank compares
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Where Shawbrook Bank is available
- Available
- United Kingdom
- Licence in United Kingdom
- Financial Conduct Authority (204574), checked September 26, 2026
- Licence in United Kingdom
- Financial Services Compensation Scheme (FSCS), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest rate does the easy-access account pay?+
Shawbrook Bank's easy-access savings account pays a variable headline rate of 2.7%. The rate can change, so it may not remain at the advertised level throughout the account's life.
How much do I need to deposit?+
The easy-access savings account requires a minimum deposit of £1,000. It is a variable account, allowing access rather than locking the money away for a fixed term.
Are there monthly account fees?+
The easy-access savings account has a monthly fee of £0. There is also no monthly fee account model, so the advertised savings rate is not accompanied by a regular account charge.
Is the money protected and who regulates the bank?+
Deposits have deposit protection through the Financial Services Compensation Scheme, with protection of FSCS up to GBP 85,000. Shawbrook Bank Limited is authorised and regulated by the Financial Conduct Authority.
How quickly can I withdraw money?+
You can withdraw online at any time without limit, subject to the stated minimum withdrawal amount. Linked-account access is available on the next working day, giving convenient access to your money.
How can I contact Shawbrook Bank?+
Support is available by phone and through the help centre. These are the listed support channels, allowing help by phone or self-service assistance when you need guidance.
Sources
- en.wikipedia.org/wiki/Shawbrook_Bank checked September 26, 2026
Backs: Founded
“Founded 1988”
- shawbrook.co.uk/loans checked September 26, 2026
Backs: Lender type
“applications for new personal loans are no longer being accepted”
- shawbrook.co.uk/loans/help/general-information/about-our-... checked September 26, 2026
Backs: Loan types, Arrangement fee, Origination fee (%)
“About our unsecured Personal Loans”
- shawbrook.co.uk/loans/help/general-information/settling-y... checked September 26, 2026
Backs: Free early repayment
“Please note that an early redemption fee may be charged.”
- shawbrook.co.uk/property-finance/buy-to-let-mortgages checked September 26, 2026
Backs: Fixed period, Initial rate, Maximum loan to value, Purpose
“Variable and fixed rates (2, 3, 5 and 10 years) available”
- shawbrook.co.uk/savings checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Pricing model, Monthly fee, Licences
“Registered Office: Floor 10, 40 Leadenhall Street, London, EC3A 2BJ.”
- shawbrook.co.uk/savings/contact-us checked September 26, 2026
Backs: Support channels
“Most customers get what they need from our help sections or by sending a secure message from their account. You can call our savings team on 0345 266 6611.”
- shawbrook.co.uk/savings/easy-access-savings-accounts/easy... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“You can request to withdraw your money online at any time, and there is no limit on how often you withdraw; the minimum withdrawal amount is GBP 1; you should receive your funds into your linked...”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.