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  • jak22
    jak22 Posts: 405 Forumite
    Third Anniversary 100 Posts
    refluxer said:
    jak22 said:
    Note that Shawbrook debit the account right away and transfer the next working day - this might imply losing a day's interest. If so it would take 2 weeks or so in an account paying 0.25% more interest before breaking even - something to bear in mind before moving out and straight back in.
    Can you explain your maths on that one ?
    The loss of one day at 4% is 0.04/365 * balance
    A 0.25% gain earns 0.0025/365 * balance * days

    for break-even 0.04/365 * balance = 0.0025/365 * balance * days

    days = 0.04 / 0.0025
  • ForumUser7
    ForumUser7 Posts: 2,523 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    em_h said:
    £1 min balance. Rate includes bonus for 12 months.


    I like that they call it a bonus, when what they really mean is they decrease it by 0.62% after 12 months!

    I'd be tempted for 4.22% without a "bonus" as then worth grabbing just in case it rises. But this one is *guaranteed* to fall next year. 😕 So likelihood they'll increase it in meantime by >boe base rate is slim to none.
    They call it a bonus, because it includes a bonus for the first 12 months - after which the bonus drops off.
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • oz0707
    oz0707 Posts: 918 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longer
  • cadguy77
    cadguy77 Posts: 81 Forumite
    Part of the Furniture 10 Posts Photogenic Name Dropper
    oz0707 said:
    Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longer
    I never saw an option to pay in via debit card into NBS, nor do I now
  • ForumUser7
    ForumUser7 Posts: 2,523 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    cadguy77 said:
    oz0707 said:
    Sorry for another NBS post. Put £1 in via debit card when opened account a week or so ago and still not showing on the NBS log in. Do we think something has gone wrong or do I just need patience? I know the card payments sometimes take a bit longer
    I never saw an option to pay in via debit card into NBS, nor do I now
    Branch I think
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • TiVo_Lad
    TiVo_Lad Posts: 465 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Looks like we might get something from Gatehouse soon...

  • mebu60
    mebu60 Posts: 1,728 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    TiVo_Lad said:
    Looks like we might get something from Gatehouse soon...

    Only went to 4.15% on Tuesday. Hopefully didn't have the desired effect and they will up it again. 
  • jaceyboy
    jaceyboy Posts: 245 Forumite
    100 Posts Second Anniversary Name Dropper Photogenic
    I think there is definitely a rule - that whenever you withdraw money, they increase the rate!!
    Maybe now I'll stick it back in!
    I agree, just pulled £78000 out and put it back in Chip, then they up the rate! :neutral: but I prefer Chip for their app, and it tells you what interest you are generating each day which is good....
  • mebu60
    mebu60 Posts: 1,728 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Weren't Coventry rates supposed to increase wef today? Mine still showing old rates.
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