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The Top Easy Access Savings Discussion Area

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  • 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: 738 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.
  • BigBlueSky
    BigBlueSky Posts: 697 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Oasis1 said:
    Shawbrook is indeed slow compared to others.

    Three deposits yesterday morning and three more today. Will be interesting to see when they all arrive. There'll be two more deposits tomorrow too.
    That's what concerns me with Shawbrook (and some others).  You are losing out on interest during this time.  Although it might not be much it is still very annoying.
  • Oasis1
    Oasis1 Posts: 738 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    eskbanker said:
    The Shawbrook Bank 1.75% account can take 2-4 days to register a deposit. There is nothing remotely "easy" about it.
    I'm sure the whole subject of the difference between 'easy' and 'instant' access has been done to death on here before, but 'easy access' simply signifies that no notice needs to be given and doesn't refer to the speed with which withdrawals (or deposits) are processed....

    Although more accurate, "penalty-free" isn't as catchy
  • Sea_Shell
    Sea_Shell Posts: 10,035 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    I'm going to keep a small float in Marcus for (almost) instant access and top it up from accounts that are merely "easy" access.

    Monday's job, to get £5000 out of UBL (Raisin), let's see how glacial that is!! 😉
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Yellowman
    Yellowman Posts: 192 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Oasis1 said:
    Shawbrook is indeed slow compared to others.

    Three deposits yesterday morning and three more today. Will be interesting to see when they all arrive. There'll be two more deposits tomorrow too.
    That's what concerns me with Shawbrook (and some others).  You are losing out on interest during this time.  Although it might not be much it is still very annoying.
    Would interest be calculated from the date of deposit?

  • BigBlueSky
    BigBlueSky Posts: 697 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Yellowman said:
    Would interest be calculated from the date of deposit?

    I've had this with other banks before.  Yes, but check out what they show the date of deposit as - It is normally the date the funds show up in your receiving account.
  • Oasis1
    Oasis1 Posts: 738 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Annual interest is paid 1 year from the date of your deposit being made. Interest is calculated daily.
  • Bigwheels1111
    Bigwheels1111 Posts: 3,048 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Oasis1 said:
    Annual interest is paid 1 year from the date of your deposit being made. Interest is calculated daily.
    You get 2 choices when opening the account. I chose monthly interest.
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