Shawbrook 6 month fixed 2%

littlemissbossy

Patr100 said:

I'm on the 2% Shawbrook and it's been just over  a month since full deposit - but no interest on account statements etc .
I thought I selected monthly interest on application but there's no record of that - T & C info is just generic?  To confirm, is there any other place to look other than trying to contact them?

Hi

I opened my account on 13th May, I selected monthly interest credited to the account, my interest was credited on the 10th June, not sure why the 10th and not the 13th.

HTH

Patr100

janusdesign said:

Patr100 said:

I'm on the 2% Shawbrook and it's been just over  a month since full deposit - but no interest on account statements etc .

any chance the interest has been paid into the nominated account ?

No, It's not in the nominated account.
I'm allowing no activity for the weekend, but it's till late if its ever coming

Patr100

I messaged them very later last night, they replied fairly promptly this morning.
Seems I selected the end of maturity option for interest rather than the monthly option.
Surprised by that as I usually prefer monthly for income but no big problem to wait another 5 months at this favourable rate.

refluxer

Despite the drop to 1.75% for the latest issue, it looks like the Shawbrook 2% / 6 month bond account is back, but via Flagstone this time.

wiseonesomeofthetime

I don't think it ever left. It was always there, but with a £10,000 minimum deposit, compared to £1k direct with Shawbrook.

refluxer

As (I think) this account was withdrawn on 8th June, tomorrow (17th June) is presumably the 7th working day so therefore the last day to make a deposit into this account.

With a further rate rise expected shortly, I resisted the urge to put more in and will see what (if anything) happens to the 6 and 12 month fixed rates in the near future. 

refluxer

For anyone who has one of these maturing soon, Shawbrook have upped the rates on some of their Fixed Rate Bonds this morning which means they will be higher than the ones shown in your maturity letter, if you've already received it via online banking.

The one-year bond is up to 4.50% (which makes it the current second-best one-year option, just behind DF Capital at 4.60%) and that is now available as an option when you go to select your maturity instructions.

I had a quick look and, as far as I could see, only the two-year maturity bond looked to be higher than the one available to all (4.70% vs 4.60%)

Sea_Shell

You can also change your mind.

By deleting your maturity request and resubmitting it.   

Not sure how late you can leave it....day before?

So worth still keeping an eye on their latest offerings.

Ultrasonic

Helpful updates above, thanks. For myself I've just asked for the money to be returned to my bank account and I'll assess the situation then. With interest rates going up as they are I need to do some sums on if/when I need to start using ISAs again, which I'm mentioning as I won't be alone in this.

wiseonesomeofthetime

Yeah, Ultrasonic, I have done the same. 

Need to calmly reassess in a few weeks and stop jumping ships for a few 0.1%s