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Shawbrook 6 month fixed 2%

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Comments

  • ranciduk
    ranciduk Posts: 745 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    No time limit

    You have until they withdraw the account- plus an extra 7 days after that
  • SickGroove
    SickGroove Posts: 356 Forumite
    Third Anniversary 100 Posts Name Dropper
    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
    ranciduk Posts: 745 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Yep

    not sure if it will still be around in two months though!
  • soulsaver
    soulsaver Posts: 6,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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.............
  • 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
    soulsaver Posts: 6,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    ranciduk Posts: 745 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    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
    Ultrasonic Posts: 4,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
    wmb194 Posts: 5,595 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
    ranciduk Posts: 745 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Ahh yep good point!
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