Shawcross easy access account 1.4%

Annabee

Up until a couple of days ago this was on Martin's list of the best easy access accounts, but is now not there. Yet if I go directly to the Shawcross site it seems to be still available. I was planning to apply.

Does anyone know why MSE would no longer feature it? I am unfamiliar with having lump sums to invest etc. 

refluxer

Presumably you mean Shawbrook ? While that might seem a bit pedantic, it's important to get names right to avoid getting scammed !

MSE only feature the top-paying accounts and, currently, Shawbrook would be equal 5th with Secure Trust Bank who are offering an identical account (1.4% with a £1000 minimum balance). Zopa offer the same rate but are higher in the table due to their £1 minimum balance being less restrictive.

I wouldn't read anything into why Shawbrook are no longer featured - they're simply (only just) off the bottom of the table.

Annabee

Oops yes, Shawbrook! 

Thanks for your help. I wondered if it meant it was about to be pulled or something. 

refluxer

Annabee said:

Oops yes, Shawbrook! 

Thanks for your help. I wondered if it meant it was about to be pulled or something. 

No, that rate has only recently increased. In general, unlike some other types of account, Easy Access accounts don't tend to get pulled completely.

There are other comparison sites which offer more comprehensive lists than MSE (like Moneyfacts, for example) where Shawbrook are still listed...

https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

ranciduk

I got a text last weekend off them to say it’s gone up to 1.25%

Then today I get another text less than a week later saying it’s now 1.4%

What they playing at?!

Archer9

I considered Shawbrook but when I went on to FCA site to research them I didn’t like the information I found! So didn’t go ahead with them.

Archer9

I considered Shawbrook but when I went on to FCA site to research them I didn’t like the information I found! So didn’t go ahead with them.

Barkin

Archer9 said:

I considered Shawbrook but when I went on to FCA site to research them I didn’t like the information I found! So didn’t go ahead with them.

Did you research the real Shawbrook, or the scammers that cloned Shawbrook a few years back?

Shawbrook are fine. Nothing to worry about. Provide the product/s meet your needs, of course...