The Top Easy Access Savings Discussion Area

grumbler

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer.

It's 10/11 and 11/11 respectively for the only withdrawal I ever made.

TiVo_Lad

grumbler said:

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer.

It's 10/11 and 11/11 respectively for the only withdrawal I ever made.

I think what the OP is asking is you submitted the instruction on 10/11 but was the money debited from your Shawbrook Account on 10/11 or 11/11?

jaypers

Been sitting on some Atom Easy Access funds for what seems like too long. 3.2% not good enough. Jumping ship. 

grumbler

TiVo_Lad said:

grumbler said:

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer.

It's 10/11 and 11/11 respectively for the only withdrawal I ever made.

I think what the OP is asking is you submitted the instruction on 10/11 but was the money debited from your Shawbrook Account on 10/11 or 11/11?

Does anybody really remember the date they submitted an instruction half a year ago?

I compared two statements (Shawbrook vs Santander) and took the dates from them.

Debited 10/11, credited 11/11. I guess the instruction was submitted on the 9th (as per my first reply on the previous page).

Thumbs_Up

jaypers said:

Been sitting on some Atom Easy Access funds for what seems like too long. 3.2% not good enough. Jumping ship. 

I have bailed out from Zopa, liked the 95 days notice account, now not competitive enough for me.

GalacticaActual

Halifax increased some of their savings interest rates yesterday, 27th April 2023.

Their Reward Bonus Saver, for example, now pays up to 3% interest - T&C apply (up from 2.55% previously).

https://www.halifax.co.uk/assets/pdf/savings/pdf/interest-rates.pdf

jak22

Nothing under 3.5% is competitive now and limited access ought to be around 3.75% so the once good Coventry has also fallen behind.

ranciduk

GalacticaActual said:

Halifax increased some of their savings interest rates yesterday, 27th April 2023.

Their Reward Bonus Saver, for example, now pays up to 3% interest - T&C apply (up from 2.55% previously).

https://www.halifax.co.uk/assets/pdf/savings/pdf/interest-rates.pdf

Only valid to existing Halifax Reward current account holders 

Pompeydave1967

I wonder if Shawbrook have been overwhelmed by applicants on their easy access top rate ? I can’t log in now ! Saying customer and password incorrect - I’ve been using them for years , think I’ll try later.

uptdale

grumbler said:

TiVo_Lad said:

grumbler said:

infoadict said:

Thanks  - but that doesn't tell me when the debit takes place and whether a day's interest is lost. I.e with Coventry you instruct on Day 1 but they only debit your account on Day 2 and then transfer.

It's 10/11 and 11/11 respectively for the only withdrawal I ever made.

I think what the OP is asking is you submitted the instruction on 10/11 but was the money debited from your Shawbrook Account on 10/11 or 11/11?

Does anybody really remember the date they submitted an instruction half a year ago?

I compared two statements (Shawbrook vs Santander) and took the dates from them.

Debited 10/11, credited 11/11. I guess the instruction was submitted on the 9th (as per my first reply on the previous page).

So after all this the answer to the OP's question is that with Shawbrook you do lose a day's interest (at least) on each withdrawal - like Charter, unlike Coventry.  If you withdraw on a Friday you lose 3 days' interest, more on bank holiday weekends.