The Top Easy Access Savings Discussion Area

Bigwheels1111

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

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

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

The Shawbrook Bank 1.75% account can take 2-4 days to register a deposit. There is nothing remotely "easy" about it.

Pompeydave1967

3 hours for my first £1k deposit on Friday with Shawbrook so not too bad.

Millyonare

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

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

Atom is instant too. That is is why you spread your savings around leaving some savings in accounts that transfer money instantly

Oasis1

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.

eskbanker

Millyonare 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....