The specialist bank aims to introduce new products and increase existing rates, in addition to improving the customer experience with a new end-to-end digital journey for SME customers.
An easy-access account and additional notice account will be the first new products to be launched.
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As with the bank’s existing savings products, the new accounts will have Financial Services Compensation Scheme (FSCS) protection of up to £85,000.
There will be a minimum deposit of £1,000 to open an account, which will be available to UK-based sole traders, partnerships and limited companies.
Julian Hynd, chief operating officer at Shawbrook, said: “The needs of small businesses are central to Shawbrook Bank.
“We have always prided ourselves on being the bank that supports and funds UK SMEs, and these latest enhancements to our savings products and proposition are very much part of that overall commitment.”
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