Instant Access Savings Article Discussion Area

grumbler

Nationwide Smart Account 4.76%. Make sure that interest is paid gross.

http://www.nationwide.co.uk/savings/rates.htm

Jester-Kester

Having read your article Martin, I applied for both a Bradford & Bingley and Cahoot on-line instant access account 21st Feb. Two weeks later and the BB account was set up with my money in earning interest. Cahoot is a completely different story. Having had to supply two forms of id, one was returned two weeks later for apparently not being acceptable (my initial not being in the address although my full name was elsewhere on the statement). Two 'phone calls to them later I was so frustrated I cancelled my application - the BB will get the rest of my money too. I am so cross I wouldn't recommend Cahoot - give all your business out of the two to the BB.
:mad:

murphydavid

Cahoot just emailed their existing customers to say they are reducing their rate on 28th of this month to 4.55% AER. This also includes those of us who had the special introductory account that has been paying over the odds for some time and is currently 5%. All good things come to an end.

FL

murphydavid wrote:

Cahoot just emailed their existing customers to say they are reducing their rate on 28th of this month to 4.55% AER. This also includes those of us who had the special introductory account that has been paying over the odds for some time and is currently 5%. All good things come to an end.

where are you thinking of reinvesting the money?? It seems the Alliance & Leicester account and the cahoot account are no longer any good. I am getting a bit fed up of opening one account after another.

murphydavid

FL wrote:

where are you thinking of reinvesting the money?? It seems the Alliance & Leicester account and the cahoot account are no longer any good. I am getting a bit fed up of opening one account after another.

I'm going to first direct as I bank with them already and don't need to make withdrawls. When their rate goes down I will withdraw the lot on the first of the month that way I will get the full 5%. I am also thinking about West Brom BS.

zzzLazyDaisy

Don't over look the Coventry BS combined current account / saver at 5.1% (incs bonus for first year)

isasmurf

murphydavid wrote:

I'm going to first direct as I bank with them already and don't need to make withdrawls. When their rate goes down I will withdraw the lot on the first of the month that way I will get the full 5%.

Too late... the rate went down yesterday.

christabell

Hello everybody,

My account with First direct @ 5% was exactly 10 days old when they dropped the rate.I had just moved from ING. I tried ICICI but was not able to get anybody ( I did not try my GP as he has enough to do I believe) to "validate" my personal details.
I agree on principal of moving out of First Direct (look at their Profits???) but I don't want to keep opening account after account.
ANY SUGGESTIONS GREATLY RECEIVED

linda1_2

I have just sold my house and have £35.000 to put away in a savings account until i need it again for a deposit on another house, can anyone help me as to the best place to invest this amount of money to get the best interest

grumbler

I guess you mean savings, not investment ...
Did you read the article being discussed in this thread? The top rate now is 5.15% (ICICI). Also consider Coventry Building Society’s First account. (5.1%) mentioned in Current Accounts article. And don't forget about mini cash-ISAs for you and your relatives.