The Top Easy Access Savings Discussion Area

Bazzalona13295

Zaul22 said:

I do slightly wonder if EA rates will drop so low that the currently bad notice accounts around 5% will actually turn out to be good after all. 

Some of the regular savers allow withdrawals so in effect they are also easy access.......which is nice.

trickydicky14

Just opened a Skipton 'easy access Member bonus saver' have put £5 in just to start it off but it's only showing a rate of 3.80%, it should be 5.50% anyone know why?

Stargunner

trickydicky14 said:

Just opened a Skipton 'easy access Member bonus saver' have put £5 in just to start it off but it's only showing a rate of 3.80%, it should be 5.50% anyone know why?

it wont show 5.5% until your funds have cleared. If you paid in by debit card it could be 2-3 days.

sheslookinhot

trickydicky14 said:

Just opened a Skipton 'easy access Member bonus saver' have put £5 in just to start it off but it's only showing a rate of 3.80%, it should be 5.50% anyone know why?

A common post on here. If folks could just wait a day or two.

BooJewels

happybagger said:

Cahoot - Regarding the Simple Saver, I can't see anywhere that this is restricted to one account in the same way the Sunny Day Saver is. For £1, I was thinking of opening a second to start another 12 month period since my first has been open 3.5 months already.

Anyone see anything in the t&c's I've missed?

I have 2 of the Cahoot Savers, both funded.   In my case, it was by accident, as there was a glitch when first opening the account and I just ended up with 2, so used them to separate savings pots for different purposes. I was actually thinking of opening a third for the same reason, plus there's something else I want to save for, now one has got to target and the purpose probably postponed too.

trickydicky14

sheslookinhot said:

trickydicky14 said:

Just opened a Skipton 'easy access Member bonus saver' have put £5 in just to start it off but it's only showing a rate of 3.80%, it should be 5.50% anyone know why?

A common post on here. If folks could just wait a day or two.

Do you really need to come out with comments like that.

janusdesign

happybagger said:

Cahoot - Regarding the Simple Saver, I can't see anywhere that this is restricted to one account in the same way the Sunny Day Saver is. For £1, I was thinking of opening a second to start another 12 month period since my first has been open 3.5 months already.

Anyone see anything in the t&c's I've missed?

there's nothing I can see in there that should prevent this - I already have both Issue 1 and Issue 2 still open... never occurred to me that I could open another Issue 2 (don't need to though).

remember that the rate on this account is variable - so you're not necessarily buying yourself another 3.5 months @ 5.20%... I imagine the rate to drop before my Issue 2's expiry in October (60 days notice in rate drop).

BooJewels

janusdesign said:

happybagger said:

Cahoot - Regarding the Simple Saver, I can't see anywhere that this is restricted to one account in the same way the Sunny Day Saver is. For £1, I was thinking of opening a second to start another 12 month period since my first has been open 3.5 months already.

Anyone see anything in the t&c's I've missed?

[Snip]
remember that the rate on this account is variable - so you're not necessarily buying yourself another 3.5 months @ 5.20%... I imagine the rate to drop before my Issue 2's expiry in October (60 days notice in rate drop).

The advantage with these Cahoot accounts - and the Santander equivalent - is that whilst variable - they have to give you 60 days notice of interest rate decreases, so they become like pseudo short term fixes. In my case, I opened mine early (end August) and the current rate is slightly better just now, so perhaps worth adding a new account, as I'd expected to have spent the funds by now, but I'll be holding onto them for a bit longer. 

janusdesign

BooJewels said:

The advantage with these Cahoot accounts - and the Santander equivalent - is that whilst variable - they have to give you 60 days notice of interest rate decreases, so they become like pseudo short term fixes. In my case, I opened mine early (end August) and the current rate is slightly better just now, so perhaps worth adding a new account, as I'd expected to have spent the funds by now, but I'll be holding onto them for a bit longer. 

Ulster has the same 60 days notice too - though you'd have to open a current account to get it now. If you have a couple of Issue 1's, then I can see it would make sense to open an Issue 2 asap (in case it goes NLA).

happybagger

Well I have just logged into my Cahoot to see if you can open another while being logged in (doesn't seem like you can, so will have to go the normal way)

However...

I have the Cahoot Simple Saver showing at 4.90% not 5.12%. Yes it is annual interest (monthly is 5.00% gross anyway) so I don't know why it shows as 4.9%. It is still being advertised at 5.12% online too.

Baffled.

(PS it's never been 5.2% as mentioned in this thread - is that a mixup with the Sunny Day Saver account?)