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Comments

  • Pompeydave1967
    Pompeydave1967 Posts: 268 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Yes correct £1000 to get higher rate , thanks ranciduk
  • Bigwheels1111
    Bigwheels1111 Posts: 3,278 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Went with Al Ryan at 1.8% for first pot of savings.
    September pot will go into Shawbrook at 1.75%.
    Until at least December, hoping for 4-5% for a 5 year fixed.
    Don’t mind a short term loss, as I believe rates will keep rising.

  • 2010
    2010 Posts: 5,579 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I've had a Shawbrook account for years but I'm not jumping in at 1.75 % when the majority of providers haven't even reacted yet.
    Dog chasing it's tail.
  • jimexbox
    jimexbox Posts: 12,493 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    2010 said:
    I've had a Shawbrook account for years but I'm not jumping in at 1.75 % when the majority of providers haven't even reacted yet.
    Dog chasing it's tail.
    I'm going to see where we are end of August. Give zopa and chase a chance to up their rates. 
  • Millyonare
    Millyonare Posts: 554 Forumite
    500 Posts Third Anniversary
    The Shawbrook Bank 1.75% account can take 2-4 days to register a deposit. There is nothing remotely "easy" about it.
  • Pompeydave1967
    Pompeydave1967 Posts: 268 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    3 hours for my first £1k deposit on Friday with Shawbrook so not too bad.
  • Millyonare
    Millyonare Posts: 554 Forumite
    500 Posts Third Anniversary
    3hrs on a weekday, and 2-4 days on a weekend or Bank Holiday, is absolutely glacial, in this day and age. Many banks now take less than 60 seconds.
  • Pompeydave1967
    Pompeydave1967 Posts: 268 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Yeah I agree with you there Millyonare , my chase a/c transfers immediately 7 days a week. I just wish Chase would up their rates to be more competitive .
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Atom is instant too. That is is why you spread your savings around leaving some savings in accounts that transfer money instantly
    "Look after your pennies and your pounds will look after themselves"
  • Oasis1
    Oasis1 Posts: 744 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 7 August 2022 at 11:54AM
    Shawbrook is indeed slow compared to others.
    Three deposits yesterday morning and three more today. Will be interesting to see when they all arrive. I'll be sending another two more deposits tomorrow too.
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