Shawbrook online account?

colsten

EthicsGradient said:

Shawbrook's current policy is that you can add further amounts to fixed-term bonds if they're still open to being opened by new customers (without, I presume, extending the life of it), but they may close them to new deposits without notice.

drphila said:

Newly_retired said:

You can rarely add money to a fixed rate bond. Sometimes there is a small window but not usually.

Shawbrook seems to be a bit of an exception. Opened 1 yr bond Apr 2020 and was still adding to it Feb 2021

Never mind whether you can add money throughout the fixed term - any further deposits you make are made by transfer from your nominated account (or by an ISA transfer). 

Elderone

They are very easy to setup and add funds online. You have as long as they offer the account to add funds and if they stop the offer you still have 7 days from first deposit to fund the account regardless.

Patr100

Elderone said:

They are very easy to setup and add funds online. You have as long as they offer the account to add funds and if they stop the offer you still have 7 days from first deposit to fund the account regardless.

7 days is quite tight if you want to use all your 85k limit allowance as there is often a daily limit to online transfers imposed by your own bank.

Billycock

Patr100 said:

Elderone said:

They are very easy to setup and add funds online. You have as long as they offer the account to add funds and if they stop the offer you still have 7 days from first deposit to fund the account regardless.

7 days is quite tight if you want to use all your 85k limit allowance as there is often a daily limit to online transfers imposed by your own bank.

Easily done though, usually about 20k max withdrawals per day, just login once to your current account and set up the number of payments to leave your account each day. I wouldn't put £85k in though, I think you're thinking of max FSCS protection, leave a little leeway for your interest payments