The Top Easy Access Savings Discussion Area

PloughmansLunch

alrk said:

Who else transfers money in and out as quickly as Chip? I will give them a few more days but preparing myself to have to move out for a bigger %

If you're after an instant EA then out of the many I've tried only Atom is as quick as Chip, but their EA rates haven't been decent for a long time. Investec are pretty quick too, but again have lower rates than Chip.

Rollinghome

alrk said:

Who else transfers money in and out as quickly as Chip? I will give them a few more days but preparing myself to have to move out for a bigger %

How much cash do you need to access instantly?
With the many of the better paying accounts, they'll only allow withdrawals to a single designated account, most often the one used to pay in.  Which is likely to be your hub current account. Once there, if it's more than £20k you could well find it not so easy to move it on to another account instantly without security checks, especially if it's a new account. Could be stuck there for a day.
If so, keeping some with a bank offering the fastest transfers but paying a smidgeon less, and one or more paying the highest rates with withdrawal times you can live with, could be the way to go.

mac20

Having already had a log in with Cahoot, i just checked the simple saver.

Seems good for 24/7 instant access, plus the option to add multiple payees. I'll likely stick with this for now.

Malchester

mac20 said:

Having already had a log in with Cahoot, i just checked the simple saver.

Seems good for 24/7 instant access, plus the option to add multiple payees. I'll likely stick with this for now.

Just opened Cahoot Simple Saver and just waiting for login details. Like what I have heard and instant access is good. If I remember the account is just for 12 months.

t33

The Cahoot Simple Saver appears to be a single product (rather than a series of Issues) is this correct?  And so any changes in rate is automatically applied?

Thanks

friolento

t33 said:

The Cahoot Simple Saver appears to be a single product (rather than a series of Issues) is this correct?  And so any changes in rate is automatically applied?

Thanks

who knows. There's nothing to stop them to launch a different product. Or not to raise the rate.

pecunianonolet

Malchester said:

mac20 said:

Having already had a log in with Cahoot, i just checked the simple saver.

Seems good for 24/7 instant access, plus the option to add multiple payees. I'll likely stick with this for now.

Just opened Cahoot Simple Saver and just waiting for login details. Like what I have heard and instant access is good. If I remember the account is just for 12 months.

Same here, was hoping for it to be open instantly and accessible. Was hoping I can change from Chip over straight away but now they need to send letters by snailmail. I guess by the time the letters arrived and I have access to the account it is beaten by someone else. 

phillw

Rollinghome said:
How much cash do you need to access instantly?

For me, it's just to pay direct debits etc. Withdrawals from at least one of the top paying easy access accounts, will always come out the next day. That is not going to work for me for all my money, so I'll have to store a float somewhere and that starts to get annoying.

cadguy77

Rollinghome said:

alrk said:

Who else transfers money in and out as quickly as Chip? I will give them a few more days but preparing myself to have to move out for a bigger %

How much cash do you need to access instantly?
With the many of the better paying accounts, they'll only allow withdrawals to a single designated account, most often the one used to pay in.  Which is likely to be your hub current account. Once there, if it's more than £20k you could well find it not so easy to move it on to another account instantly without security checks, especially if it's a new account. Could be stuck there for a day.
If so, keeping some with a bank offering the fastest transfers but paying a smidgeon less, and one or more paying the highest rates with withdrawal times you can live with, could be the way to go.

For me, a long term Santander account holder (from alliance and Leicester days), I can do 4x 25k transfers per day without triggering extra security check bar OTP confirmation 

bumblebee200

I know Zopa doesn't pay the best rates, but do like you can have multiple pots. Are there any other app-based banks that offer the same?