- Interest can be paid monthly or annually
- ISA transfers in allowed
- £250,000 maximum balance
- FSCS Protected
- Must be UK resident and aged 18 or older
- No withdrawals permitted
Make the most of your annual cash ISA allowance - if you don't use it you will lose it!
It’s also important to remember that ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you can both hold your own ISA, each with the full allowance - see here for latest Cash ISA allowances
With this ISAs you can deposit a lump sum and watch your savings grow, tax free, for a fixed time frame of five years. The key features of this account include:
Shawbrook Bank promises an easy banking experience with consistently good rates – just good service without the gimmicks.
Their promises include:
1. You can switch to their ISA.
When you switch your cash ISA, stocks & shares ISA or innovative finance ISA to Shawbrook Bank they will not wait for your current provider before paying interest. Shawbrook pay interest from day one of receiving your completed transfer application, as long as your funds are free to transfer.
2. Easy online opening and management
You can only apply to this account online, and you are able to monitor it online. This means you will be able to check in with your account at your convenience. You will also be contacted when the point of maturity of your account is approaching, to make sure that you are aware that the end of your term is coming.
3. Shawbrook offer consistent, competitive interest rates rather than attractive gimmicks
Shawbrook offer competitive rates of interest - see table on this page for latest deals. Interest is paid in gross, and will remain unchanged for the duration of the term. The annual interest is calculated on the one-year mark from your deposit – so if you deposited your money on the 6th April 2019, your interest will be calculated as of 6th April 2024.
Save for your first home and retirement
Compare Lifetime ISAs
Invest for your child’s future
15th March 2021
You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply".
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