Shawbrook increase Easy Access Business savings rate

Shawbrook has increased the rate on its Easy Access Business savings account (Issue 10), topping the tables with a rate of 3.66% AER/Gross. With rates as competitive as this, businesses, now more than ever, have the opportunity to make the most of their money.  

Adam Thrower, head of savings at Shawbrook, said: “Many SMEs have turned to retaining surplus cash to create headroom and to build resilience for whatever trading conditions may lie ahead. Whilst this cash can feel like a sound financial buffer, in an age of high inflation one of the most important things to consider is where to hold it. With recent figures indicating that small firms have £150bn of deposits sitting in accounts offering no interest at all, it’s crucial that even those who need access to money easily should be seeking out a home for their surplus cash that offers a decent return.”