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Shawbrook-Top-Easy-Access-Business-Savings

August 18 2023

Shawbrook Top Easy Access Business Savings

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Shawbrook has increased the rate on its top-paying Easy Access Business savings account (Issue 10), topping the tables with a rate of 3.25% AER/Gross. With rates as competitive as this businesses, now more than ever, have the opportunity to move their money and get more.

Shawbrook has also upped its Easy Access (Issue 36) rate to 4.83% AER/Gross and continues to offer one of the most competitive rates on the market.

Adam Thrower, Head of Savings at Shawbrook, said:

“If your business has extra funds, even for a short while, it makes sense to work them hard and earn some interest. We understand the tough conditions for business owners, and our aim is to provide the top business savings rate to help counter the effects of increased inflation and growing expenses. It’s quick and easy to open an account and we’re delighted to support SMEs with this new top rate.

“At the same time for consumers, whilst UK inflation has fallen this week, Easy Access interest rates are continuing to increase, presenting a window of opportunity for those looking to make more of their hard-earned money. Savers should be beginning to see the benefits of higher rates, but yet many are missing out by continuing to sit in low-paying savings accounts. According to our research almost two thirds (61%) of savers are yet to switch accounts1 , even though they have the potential to earn substantially more if they switched today.”

To find out more about Shawbrook Savings, visit www.shawbrook.co.uk/direct/savings/.

Shawbrook is a member of the Financial Services Compensation Scheme. You can check if your savings are eligible for protection at https://protected.fscs.org.uk.

 

 

1Shawbrook’s research was conducted in March 2023 amongst 2,000 UK adults (18 and over) with savings of over £10,000.

People In This Post

Adam Thrower

Shawbrook Bank

Companies In This Post

Shawbrook Bank
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