Any experience with Chetwood bank? or Monument

HHarry

My Chetwood (Smartsave) 1 year fixed rate account paid out last week.  Absolutely no issues whatsoever,

Rt90

Had no issues with a Monument savings account.

Daz2009

I tried to open a Chetwood account yesterday but they want 3 working days to make further checks apparently.
Never had this before 

mon3ysav3r

With Chetwood they can only receive money from, and return money to, the account you set as your nominated Current Account - although they aren't the only institution with this requirement

CustomerWarrior

knoxy26 said:

Hi all,
I'm just wondering if anyone has any experience with Chetwood bank or Monument and whether or not you would recommend them? I cant seem to find much about them online at all.

I need to split some money between a couple of savings accounts.

The others I have been considering are Vanquis, Oxbury, OakNorth and Atom.

Thanks!

Nearly completed the application for a1Y bond. Application process very lengthy and time consuming. This has reduced my confidence in the Chetwood Business model. If you take the 3.8% inflation & 20% tax out of the interest rate, it is too laborious to save make few pennies.

At least banks like Aldermore, Gatehouse, GB Bank and Vanquis. Saga Savings make it bearable.
With Britain itching for war, the real money (Gold Coins) seems a better option.
Good Luck

DjangoUnchained

Just applied for a chetwood 1 yr fixed, very easy no problems opened almost instantaneous.

dosh37

Never had any problems with Chetwood - apart from the fact they seem to reduce their interest rates futher and more quickly than most other savings organisations following a BoE rate reduction. Right now their rates are below average.

Sconehead41

Chetwood seem to offer a i year Fixed Rate Isa at 4.4% but this cannot be accessed and opened online. (I had no problem opening and funding an easy access savings account.) Careful reading of  Chetwood information suggests ISA transfer is only possible into an existing Chetwood ISA. Catch 22?!

eskbanker

Sconehead41 said:

Chetwood seem to offer a i year Fixed Rate Isa at 4.4% but this cannot be accessed and opened online.

Their site shows a 4.4% one year fix but it's a taxable account not an ISA, where are you seeing this?

Sconehead41 said:

Careful reading of  Chetwood information suggests ISA transfer is only possible into an existing Chetwood ISA. Catch 22?!

Any ISA transfer needs to be preceded by opening the account into which to transfer?!

TENFINGERS

I opened a savings account with the Chetwood bank waited I think about two weeks for the go-ahead, and paid in quite a significant amount of money, two days later I looked to see progress in my bank and saw that the money had gone out quite successfully but was back in my bank. A few days later, I decided to try again, because it did seem quite strange in fact it had never happened to me in many transfers before. I paid the same amount in again and the same thing happened. I asked my bank about this they told me that Chetwood had refused the payment. So,I did try again, may seem foolish to some but I went ahead and what do you think? the sum was refused for a third time. I must get to the bottom of it. Another rather odd thing Chetwood don't have an app. Thats ok, and all and sundry say Chetwood is good. W.T.S James