Shawbrook Bank

vernon

I've deposited the minimum of £1000 into Shawbrook Bank. They are closed at weekends so I can't phone them. Does anyone know, if you make a withdrawal from the £1000 a lower rate of interest is paid? Maybe you have to add more funds to make withdrawals? Thank you for any advice.

housebuyer143

You can only withdraw £500 at a time. Anything less than £1000 and you only get a tiny amount of interest.

boingy

I think it's about 0.5% if your balance drops below £1000. It's definitely on their website somewhere.

wiseonesomeofthetime

https://www.shawbrook.co.uk/media/5754/easy-access-36.pdf

0.05%

boingy

Ah, what's one decimal place between friends?  

I think the message is the same, don't go below £1000.

@vernon I'm a bit confused as to why you want to withdraw money from it already.

cloud_dog

housebuyer143 said:

You can only withdraw £500 at a time. Anything less than £1000 and you only get a tiny amount of interest.

Umm, just being pedantic but tou can withdraw as much as you like (up to the daily limits, I assume they have them), but the minimum withdrawal amount is £500.

housebuyer143

cloud_dog said:

housebuyer143 said:

You can only withdraw £500 at a time. Anything less than £1000 and you only get a tiny amount of interest.

Umm, just being pedantic but tou can withdraw as much as you like (up to the daily limits, I assume they have them), but the minimum withdrawal amount is £500.

True, good to make that clear 👍 was what I meant but didn't write too well.