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Shawbrook

Krakkkers
Krakkkers Posts: 1,329 Forumite
1,000 Posts Third Anniversary Name Dropper
in Savings & investments
Do they ever update their rates? got some money in their instant access account and waiting to fix but looks like i might have to transfer out to another bank.

Comments

  • Pompeydave1967
    Pompeydave1967 Posts: 265 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Rates are low in comparison to others at the moment , Saturday down for maintenance so maybe increases then.
  • ranciduk
    ranciduk Posts: 760 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    They actually update their rates a lot

    But they have been quiet in recent weeks

    all that will change soon hopefully 
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I agree. They tend to be quite early in the upping rates cycle. Maybe they've got enough cash for now.
  • Bigwheels1111
    Bigwheels1111 Posts: 3,196 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    edited 22 September 2022 at 8:47PM
    Shawbrook put their rates down, a few weeks back.
    I just topped up my Al Ryan and Gatehouse accounts.
    Will switch the rest to Ford money next week.
  • Krakkkers
    Krakkkers Posts: 1,329 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Way behind the competition now.
  • cloud_dog
    cloud_dog Posts: 6,393 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 23 September 2022 at 1:13PM
    Krakkkers said:
    Way behind the competition now.
    I'm struggling with this TBH. 

    On MSE the top EA rate is Ford at 1.95% and Ford only very recently (days ago) increased the rate, compared to Shawbrook EA at 1.81% (1.86% for those of use previously with SB), so a whole 0.14% behind.  Hardly 'way' behind, and hopefully they will react to the rise yesterday, whereas it is probable that Ford will not react further to the recent rise. 
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Krakkkers
    Krakkkers Posts: 1,329 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I am looking at fixed rates
  • Albermarle
    Albermarle Posts: 30,372 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Krakkkers said:
    Way behind the competition now.
    These smaller banks only offer the best rates when they need more money to lend out/fund their businesses. Once they have enough, they deliberately become less competitive for a time.

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