Shawbrook launches new bond at 2.40%

The new product is available today online through the bank’s new Personal eSavings internet banking, by phone or postal application.

James Blower, Director of Savings at Shawbrook Bank said:

“Our fixed term deposits have been extremely popular this year as our customers have welcomed our commitment to offering consistently competitive rates on our products.  Two years is always a popular term for savers and we hope that this market leading bond will bring some festive cheer as we head towards 2014.”

Savers can invest any amount from £5,000 to a maximum of £2m for this fixed rate bond with the interest paid either gross or net according to an individual’s tax status on 31st December each year and on maturity.  Deposits are also allowed up to the maximum account balance while the product is still available.