Shawbrook unveils new business savings products

Jessica Nangle

January 30, 2020

Shawbrook Bank has launches two business savings products and enhanced a third.

The bank will now offer a 45 day notice business account and a 2-year fixed rate business bond.

A third product, Shawbrook’s one year fixed rate business bond, has been enhanced with the addition of monthly and annual interest options.

Alun Williams, commercial director for savings at Shawbrook, said: “This is another exciting announcement for our business customers as we further strengthen our SME savings portfolio.

“Our customers wanted more innovation and choice, and to be sure that they’re benefitting from a savings product that fits their business needs.

“We believe we’ve met a real market need, not just for our current business clients, but for the wider business community across the UK.”

Mr. Williams added: “It’s crucial that businesses and consumers choose carefully when selecting a savings product to achieve the maximum return for their money.

“We believe our new business savings options will cater to the saving needs of the UK’s SMEs and remove the headaches and frustrations that businesses can feel when managing their money allowing them to instead focus on what is important to them – running their business.”

The launch of Shawbrook’s new savings products comes after the bank commissioned and published its SME Savings Monitor report into the UK SME savings market.

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