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The Top Easy Access Savings Discussion Area
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happybagger said: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 wuith the Santander account?)1 -
happybagger said: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.
Issue 1 was at 4.90%. This is NLA.
It was replaced by the current issue 2 which offers 5.12%
You may want to open the newer account.
You can have both running at the same time, though I imagine no-one will want to keep money in at 4.9% when 5.12% is available1 -
Fair play I hadn't spotted that, looking at cahoot "rates and fees" page it only shows the 1.2% account. To find the NLA account's rate you need to go to "previous rates" (even though it's a current rate)
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I've just managed to open an Issue 2 Cahoot Simple Saver - which pays 5.12% AER and 5% monthly. As mentioned, you can't seem to open it whilst logged in, but I did do from the main web page and as soon as I logged in again, it was there - already moved money across - email confirmation arrived whilst I was doing that.0
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Same. Initial deposit from Santander was, as expected, instant. Nowhere allowed closing the old Issue 1 though, presume a secure message is the way to go, but could withdraw across to zero balance, Interest capitalisation would have been nice.
I now have a ruck of (currently) 5% IA accounts to chase in the coming months as rates inevitably edge downwards,0 -
happybagger said:Same. Initial deposit from Santander was, as expected, instant. Nowhere allowed closing the old Issue 1 though, presume a secure message is the way to go, but could withdraw across to zero balance, Interest capitalisation would have been nice.
I now have a ruck of (currently) 5% IA accounts to chase in the coming months as rates inevitably edge downwards,
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Hi all, a simple question...Does a Cahoot instant access savings account offer the facility to set up standing orders?
Many thanks.0 -
The_Groat_Counter said:Hi all, a simple question...Does a Cahoot instant access savings account offer the facility to set up standing orders?0
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The_Groat_Counter said:Hi all, a simple question...Does a Cahoot instant access savings account offer the facility to set up standing orders?
Many thanks.
Afraid not, no
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Ford Money reducing their Flexible Saver rate to 4.6% (from 4.85%) effective 21 February 2024. (The gross/annual rate)3
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