How does a 95 day notice account work?
The 95 Day Notice Account is a savings account with a 95 day withdrawal period, which means when you make a withdrawal request in-app, there’s a 95 day waiting period before the money can be released. Money you add to the account earns interest daily which is then paid into your savings account monthly.
Is my money safe with shawbrook bank?
Eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
How does a Shawbrook Business notice account work?
A notice account from Shawbrook is an excellent compromise. In return for letting us know in advance when you want your money, we’ll give you a competitive rate. So when your business needs it, you can request your money with no penalties, and once the notice period has ended your money is sent back to you.
Are there any interest bearing accounts at Shawbrook?
At current rates though, most business interest-bearing accounts offer a fairly unimpressive return. And you may not want to tie your money up for a long period in a fixed-term bond. A notice account from Shawbrook is an excellent compromise. In return for letting us know in advance when you want your money, we’ll give you a competitive rate.
How much can you deposit in Shawbrook Bank?
Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information or visit www.fscs.org.uk
Is it good to have a notice account?
Make your cash work harder. If you have spare cash in your business, it makes sense to get it working. At current rates though, most business interest-bearing accounts offer a fairly unimpressive return. And you may not want to tie your money up for a long period in a fixed-term bond. A notice account from Shawbrook is an excellent compromise.