Shawbrook 6 month fixed 2%

ranciduk

No time limit

You have until they withdraw the account- plus an extra 7 days after that

SickGroove

ranciduk said:

No time limit 

You have until they withdraw the account- plus an extra 7 days after that

Thank you.

So in theory, I could put in another lump sum in a couple of months, providing they haven't withdrew the account?

ranciduk

Yep

not sure if it will still be around in two months though!

soulsaver

SickGroove said:

How long can you pay deposits in for?

Opened today with £1 test payment which appeared after a few hours...

Then sent another £4999 this evening...awaiting for that to appear 

Looking to then transfer in final 20K tomorrow...

Will this be OK?

Yes.............

Hoochymamgu

Just set up an account, no response yet. Very sensible about the £1 initial deposit, will do this.
Regarding bank responses, initiated a chat with Chase bank yesterday, they took 10 hours to respond 😂 it wasn’t an urgent query, but still!

soulsaver

Hoochymamgu said:

Just set up an account, no response yet. Very sensible about the £1 initial deposit, will do this.
Regarding bank responses, initiated a chat with Chase bank yesterday, they took 10 hours to respond 😂 it wasn’t an urgent query, but still!

Maybe they're busy...  

ranciduk

I have one of these accounts but I didn’t really see the point...?

on maturity you only get 1% interest, so why fix your money for 6 months for 1% when you can get more than that with easy access??

Ultrasonic

ranciduk said:

I have one of these accounts but I didn’t really see the point...?

on maturity you only get 1% interest, so why fix your money for 6 months for 1% when you can get more than that with easy access??

No, for the same 6 month period you'd earn more interest for the same amount of money in an account earning 2% AER than 1.5% AER.

wmb194

ranciduk said:

I have one of these accounts but I didn’t really see the point...?

on maturity you only get 1% interest, so why fix your money for 6 months for 1% when you can get more than that with easy access??

1% in six months. Chase's 1.5% AER account would only pay 0.75% in six months.

ranciduk

Ahh yep good point!