For those with a Shawbrook ISA - some good news
Shawbrook Bank are currently offering a 6 month fix at 2%
With interest rates on the upward trend, this is a nice account for those wishing to hide larger sums of money for a few months, without committing for a full year, during which time Easy Access rates are likely to exceed 2%
Easy to open. Online only. No apps.
I used it to spread some of the cash I was storing in Chase Savings. Despite their rate, it felt uncomfortable holding the bulk of my cash reserves with one provider, for some reason. Don’t ask me why
Out of interest, how did you come across the new product? They’re not known for spreading the word as I recall.
I’ve an ISA with them.
Have also noticed, since then, that it is also featured on the MoneyFacts website
The Flagstone one is minimum £10k though, whereas the Issue 2 is minimum £1,000.
The Flagstone only pays interest On Maturity. Issue 2 allows Monthly Interest.