The New Top Easy Access Savings Discussion Area

ccdorset

My cahoot Sunny Day Saver is due to mature into the cahoot Savings Account and the rate is dropping to 1.19%. It looks like I can open a new Sunny Day Saver with them at 4.75% variable.

It seems a decent option, but I can't see it on the MSE Top Savings Accounts page. Thinking this could be because it is only up to £3000?

Ideally, I'm looking for something that allows unlimited same-day withdrawals and the limit of £3000 would be fine for me at the moment.

allegro120

ccdorset said:

My cahoot Sunny Day Saver is due to mature into the cahoot Savings Account and the rate is dropping to 1.19%. It looks like I can open a new Sunny Day Saver with them at 4.75% variable.

It seems a decent option, but I can't see it on the MSE Top Savings Accounts page. Thinking this could be because it is only up to £3000?

Ideally, I'm looking for something that allows unlimited same-day withdrawals and the limit of £3000 would be fine for me at the moment.

Could be missing because of the limit. 
Looks like a very good option for you.  Good rate and instant transactions to any bank account you want.

happybagger

I asked Cahoot by secure message to close my Sunny Day Saver, transferring to my cahoot savings account, so that I could open a new one at 4.75%. Existing one matures soon and I wanted to get in now in case it gets pulled.

Oddly, they told me I can't close it "through this channel" and have to phone them.

A strange reply I thought, given the maturity letter says they are a "digital bank".

I know some on here have said they've got two SDS accounts but I'll stick within the terms. I'll wait until it matures.

cricidmuslibale

Coventry Building Society have today released a Five Access Saver (Online)(2), paying a variable interest rate of 4.56% monthly, 4.66% annual (4.66% AER). Up to 5 penalty free withdrawals per annum permitted with further withdrawals subject to a 50 day loss of interest. Withdrawals to be made via a nominated account. This account must be applied for and managed online and/or via the app.
5 Access Saver Online 2

Also today Coventry BS have released a Five Access Saver (2), paying a notably lower variable interest rate of 4.17% monthly, 4.25% annual (4.25% AER). Again up to 5 penalty free withdrawals per annum are allowed with further withdrawals subject to a 50 day loss of interest. However there is no reference to a nominated account in this case, and this account can also be applied for in person, by post or by telephone. Both of these accounts can be opened with a minimum of £1 and have a maximum balance of £250,000.
5 Access Saver 2

ETA: Links to these two accounts on Coventry's website as they are now both fully available for applications.

@soulsaver I think the interest rate for the 5 Access Saver Online 2 may be high enough for this account to get into your top 10.

ForumUser7

Coventry BS

I *think* that the four access saver online and four access saver online (2) have been converted to 6 access saver (online).

Not sure why they are randomly giving more withdrawals, but thought I should flag.

SonOfPearl

ForumUser7 said:

Coventry BS

I *think* that the four access saver online and four access saver online (2) have been converted to 6 access saver (online).

Not sure why they are randomly giving more withdrawals, but thought I should flag.

Thanks. Just checked and mine has been converted too. I assume I'll get an email from Coventry to notify me about the change soon! 

SJMALBA

happybagger said:

I asked Cahoot by secure message to close my Sunny Day Saver, transferring to my cahoot savings account, so that I could open a new one at 4.75%. Existing one matures soon and I wanted to get in now in case it gets pulled.

Oddly, they told me I can't close it "through this channel" and have to phone them.

A strange reply I thought, given the maturity letter says they are a "digital bank".

I know some on here have said they've got two SDS accounts but I'll stick within the terms. I'll wait until it matures.

Indeed, I went through the same thing; additionally, one of the options from the drop-down menu in secure messaging is  'Cahoot account closure'! 

happybagger

So, Coventry BS, 
3 Access Saver becomes 5 Access Saver
3 Access Saver online becomes 5 Access Saver online, at 5 Access Saver rate +0.5%
While at the same time they introduce 5 Access Saver (2) at the same rate as the 5 Access Saver
and introduce 5 Access Saver Online (2) at 5 Access Saver (2) rate +0.41%, to be -0.09% lower than 5 Access Saver (Online)

And now there are 2 different versions of the 6 Access Saver (closed) 4.0%, Online (closed) 4.5%, which may have had the 4 Access Savers transferred into, along with Easy Access Saver (6) and Easy Access Saver (online) 6, all at different rates.

Apparently that is all part of the "simplifying savings programme"?!

Must have been trying to find jobs for some numpties from Cooperative Bank.

wiseonesomeofthetime

There's a whole thread on the Coventry 5 Access Saver

https://forums.moneysavingexpert.com/discussion/6578956/coventry-bs-5-access-saver

I know happybagger is already aware as they have posted on it, but for info of others, link above

Stargunner

happybagger said:

I asked Cahoot by secure message to close my Sunny Day Saver, transferring to my cahoot savings account, so that I could open a new one at 4.75%. Existing one matures soon and I wanted to get in now in case it gets pulled.

Oddly, they told me I can't close it "through this channel" and have to phone them.

A strange reply I thought, given the maturity letter says they are a "digital bank".

I know some on here have said they've got two SDS accounts but I'll stick within the terms. I'll wait until it matures.

The terms state that you can have 2 x Sunny Day savers. 

You are allowed one sole account and one joint account, if that is of any help to you.