Shawbrook

Who they are

Shawbrook Bank is a UK-based specialist savings and lending bank, founded in 2011 following the acquisition and rebranding of Whiteaway Laidlaw Bank. From the start, the bank built its identity around serving customers often underserved by traditional high street banks, with a particular focus on individuals, small and medium-sized businesses, and property professionals.

In October 2025, Shawbrook announced plans to list on the London Stock Exchange, and completed a new IPO on 30 October 2025. That move brought greater public scrutiny to the business, which is a reasonable signal of stability for savers thinking about opening an account.

Shawbrook is an online-only bank - there are no physical branches, so you apply and manage your account via the website, direct message, over the phone, or in some cases by post. Unlike many banks, it does not have a dedicated mobile app for savings customers, though it does provide an online savings portal where you can manage your account directly. That is worth knowing upfront if you prefer app-based banking.

Savings accounts

The account currently listed on DepositScout is the 45 Day Notice Account. It pays 4.16% AER (variable) and requires a minimum deposit of £1,000. As the name suggests, you need to give 45 days' notice before accessing your money, so it suits savers who are confident they can set funds aside for a defined period without needing instant access.

There are no bonus rates or introductory teaser periods attached to this account. Some banks offer great rates upfront and then quietly reduce them - Shawbrook does not do this , which is a practical advantage for savers who dislike keeping track of expiry dates.

Shawbrook also offers fixed-rate bonds and Cash ISAs more broadly, though rates on those products change regularly. The live figures shown on this page are always the most up-to-date picture of what is currently available.

FSCS protection

The FSCS protects funds across all your Shawbrook accounts up to a maximum of £120,000 for sole account holders, or £240,000 for joint accounts. That is in line with the current FSCS limit following the increase that came into effect in December 2025.

One point worth noting: Whiteaway Laidlaw is a trading name of Shawbrook Bank Limited. This means the FSCS protection limit applies to the eligible deposits you hold across all Shawbrook Bank and Whiteaway Laidlaw savings accounts combined, not per separate account. If you save through any platform that places your money with Shawbrook on your behalf - such as a savings marketplace - the same £120,000 ceiling applies across all of it.

Is it right for you?

Shawbrook works well for savers who are comfortable managing everything online, do not need branch access, and want a straightforward account without bonus traps. Customer feedback highlights competitive interest rates and a straightforward online setup, with customer service generally described as friendly and quick to respond. Some customers have, however, faced occasional delays with ISA transfers or fund access , so if speed of access is critical to you, that is worth bearing in mind.

The 45 Day Notice Account suits someone who has a lump sum to put to work and is happy locking into a short notice period in exchange for a better rate than easy access typically offers. The £1,000 minimum means it is aimed at savers with some existing savings behind them rather than those just starting out.

As always, rates change - use the live figures on this page to check where Shawbrook stands against the rest of the market right now.