Shawbrook Bank has launched two new fixed rate bonds that will give personal savings customers more choice when it comes to finding an account that meets their timing needs.
Shawbrook’s 18 month and 30 month fixed rate bonds have been developed for customers who are looking for fixed rate savings products – but don’t want to be bound by a two or three year account.
Shawbrook is a specialist savings and lending bank which launched in October 2011. The bank offers a range of products to individuals, small and medium-sized businesses and charities.
Shawbrook’s 18 Month Fixed Rate Bond offers savers 3.90 per cent GROSS/AER with a minimum investment of £5,000 and a maximum of £500,000. The 30 Month Fixed Rate Bond offers 4.35 per cent GROSS/AER with a minimum deposit of £5,000 and a maximum of £500,000. The rate of Shawbrook’s 18 Month Fixed Rate Bond is only slightly lower than Shawbrook’s market-leading 2 Year Fixed Rate Bond currently available.
Owen Woodley, CEO of Shawbrook Bank said: “We’re aware that some personal savers feel restricted by two and three year bonds. By offering 18 month and 30 month fixed rate bonds, we’re giving our customers the opportunity to choose products that suit their personal circumstances more closely.
“Shawbrook launched some highly competitive products in 2011, and our new 18 and 30 month fixed rate bonds will help to bridge gaps between our popular short and medium term savings accounts.
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