We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Shawbrook fixed rate cash ISA - initial deposit
Options
Comments
-
Albermarle said:soulsaver said:Albermarle said:fuzzzzy said:clairec666 said:Albermarle said:LL_USS said:I had a question about 3 year fixed ISA accounts on this forum before, and it was said here that a perk with Shawbrook ISAs is that the added money in the subsequent years within this 3 years still gets the same rate.I had a chat with Shawbrook in my account and this was confirmed by the agent. I put in a small amount to test and yes just a day after, the new money (of this year) entered the same account receiving the same fixed rate from the entry point onward to the end of the 3 years period.I also opened a Close Brothers 3 years fixed ISA (for a transfer in) just after the Shawbrook one, also asked the agent about adding new money in, they messaged back to say yes (same as above). I did the same test, a few days later now they email me saying they need to refund the new money as the funding window is closed and we need to open a new account for that. So only Shawbrook 3 years ISA still accept new payments in during the fixed period!
Seems a bit unlikely, but who knows ?
They may not like it but it's what their terms allowed.. so they're having to lump it.
I've transferred into the same Lloyds 2 year 5.55% fix ISA from 3 different other providers at different times throughout the term. And it doesn't mature for another few months.
0 -
soulsaver said:Albermarle said:soulsaver said:Albermarle said:fuzzzzy said:clairec666 said:Albermarle said:LL_USS said:I had a question about 3 year fixed ISA accounts on this forum before, and it was said here that a perk with Shawbrook ISAs is that the added money in the subsequent years within this 3 years still gets the same rate.I had a chat with Shawbrook in my account and this was confirmed by the agent. I put in a small amount to test and yes just a day after, the new money (of this year) entered the same account receiving the same fixed rate from the entry point onward to the end of the 3 years period.I also opened a Close Brothers 3 years fixed ISA (for a transfer in) just after the Shawbrook one, also asked the agent about adding new money in, they messaged back to say yes (same as above). I did the same test, a few days later now they email me saying they need to refund the new money as the funding window is closed and we need to open a new account for that. So only Shawbrook 3 years ISA still accept new payments in during the fixed period!
Seems a bit unlikely, but who knows ?
They may not like it but it's what their terms allowed.. so they're having to lump it.
I've transferred into the same Lloyds 2 year 5.55% fix ISA from 3 different other providers at different times throughout the term. And it doesn't mature for another few months.
Looking at the FAQs on the Lloyds website today about transfers, I think they may have woken up to the fact that they have been a bit too flexible with their T's & C's .
Yes, provided the account has been open for less than 30 days. After this period, you won’t be able to transfer or pay money into it. If you opened your Fixed Cash ISAs before 2nd June, you can continue to transfer or pay money into it.
2 -
Albermarle said:soulsaver said:Albermarle said:soulsaver said:Albermarle said:fuzzzzy said:clairec666 said:Albermarle said:LL_USS said:I had a question about 3 year fixed ISA accounts on this forum before, and it was said here that a perk with Shawbrook ISAs is that the added money in the subsequent years within this 3 years still gets the same rate.I had a chat with Shawbrook in my account and this was confirmed by the agent. I put in a small amount to test and yes just a day after, the new money (of this year) entered the same account receiving the same fixed rate from the entry point onward to the end of the 3 years period.I also opened a Close Brothers 3 years fixed ISA (for a transfer in) just after the Shawbrook one, also asked the agent about adding new money in, they messaged back to say yes (same as above). I did the same test, a few days later now they email me saying they need to refund the new money as the funding window is closed and we need to open a new account for that. So only Shawbrook 3 years ISA still accept new payments in during the fixed period!
Seems a bit unlikely, but who knows ?
They may not like it but it's what their terms allowed.. so they're having to lump it.
I've transferred into the same Lloyds 2 year 5.55% fix ISA from 3 different other providers at different times throughout the term. And it doesn't mature for another few months.
Looking at the FAQs on the Lloyds website today about transfers, I think they may have woken up to the fact that they have been a bit too flexible with their T's & C's .
Yes, provided the account has been open for less than 30 days. After this period, you won’t be able to transfer or pay money into it. If you opened your Fixed Cash ISAs before 2nd June, you can continue to transfer or pay money into it.
Fortunately for me I opened a 2 year fix at the end of May on the off chance it could become a useful option.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards