The New Top Easy Access Savings Discussion Area

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.

janusd

Stargunner said:

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.

I wonder if that's enforced "per issue" as opposed to in total (or just not enforced at all)?? i'm one of those ones that have had all three issues as sole accounts - I had 1 & 2 open and funded at same time, and now have 2 & 3 funded (2 fully and 3 will be after Skipton matures at the weekend)... Cahoot have never queried me about this.

flaneurs_lobster

janusdesign said:

Stargunner said:

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.

I wonder if that's enforced "per issue" as opposed to in total (or just not enforced at all)?? i'm one of those ones that have had all three issues as sole accounts - I had 1 & 2 open and funded at same time, and now have 2 & 3 funded (2 fully and 3 will be after Skipton matures at the weekend)... Cahoot have never queried me about this.

Is the Cahoot SDS "issue number" an official designation or just a way of distinguishing between accounts having differing rates? Does it appear on the description online anywhere, I'm not seeing it.

My Cahoot SDS has a rate of 5%, does that mean that it's Issue 1? 

janusd

flaneurs_lobster said:

janusdesign said:

Stargunner said:

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.

I wonder if that's enforced "per issue" as opposed to in total (or just not enforced at all)?? i'm one of those ones that have had all three issues as sole accounts - I had 1 & 2 open and funded at same time, and now have 2 & 3 funded (2 fully and 3 will be after Skipton matures at the weekend)... Cahoot have never queried me about this.

Is the Cahoot SDS "issue number" an official designation or just a way of distinguishing between accounts having differing rates? Does it appear on the description online anywhere, I'm not seeing it.

My Cahoot SDS has a rate of 5%, does that mean that it's Issue 1? 

Issue 1 was 5.2%; Issue 2 is 5.0% and Issue 3 is 4.75%.

SJMALBA

flaneurs_lobster said:

janusdesign said:

Stargunner said:

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.

I wonder if that's enforced "per issue" as opposed to in total (or just not enforced at all)?? i'm one of those ones that have had all three issues as sole accounts - I had 1 & 2 open and funded at same time, and now have 2 & 3 funded (2 fully and 3 will be after Skipton matures at the weekend)... Cahoot have never queried me about this.

Is the Cahoot SDS "issue number" an official designation or just a way of distinguishing between accounts having differing rates? Does it appear on the description online anywhere, I'm not seeing it.

My Cahoot SDS has a rate of 5%, does that mean that it's Issue 1? 

My (now closed as its bonus rate expired) SDS issue 1 was 5% AER (down from 5.2% AER - 18.11.24).