The Top Easy Access Savings Discussion Area

allegro120

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?)

Could be mixup with Cahoot Sunny Day which pays 5.2%.

gt94sss2

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.

There are two issues of the Cahoot Simple Saver.

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 available 

happybagger

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)

BooJewels

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.

happybagger

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,

janusdesign

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,

secure message would be the way to close it (suppose you could call them) - but i've kept my Issue 1 (monthly interest) open with £1 in it - just as another future option should the Issue 2 rate decrease before its expiry... my Issue 1 is only going to be around until the start of August - at that point, it will be converted to the default savings account and i'll close mine then.

The_Groat_Counter

Hi all, a simple question...

Does a Cahoot instant access savings account offer the facility to set up standing orders?

Many thanks.

janusdesign

The_Groat_Counter said:

Hi all, a simple question...

Does a Cahoot instant access savings account offer the facility to set up standing orders?

no it doesn't.

friolento

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

Section62

Ford Money reducing their Flexible Saver rate to 4.6% (from 4.85%) effective 21 February 2024. (The gross/annual rate)