The New Top Easy Access Savings Discussion Area

Stargunner

Cobbler_tone said:

Just wasted my time setting up a Cahoot account. I have 7 accounts now and don't think this was a worthwhile addition.

Firstly, it has no app and the platform looks like it was designed by a 6th former in their bedroom.
The interest rate is 3.93%.

I'll stick with my 4.5% from Chase until Thursday and then flip to Gatehouse at 4.65%. 
The Gatehouse transfers are a little clunky but been happening same day.

With the interest rate only being 3.93%, why did you bother applying for it?
Although their website is antiquated, they are still paying me 5.1% (for another week) and withdrawsls to my nominated account are immediate. 

flaneurs_lobster

Cobbler_tone said:

Just wasted my time setting up a Cahoot account. I have 7 accounts now and don't think this was a worthwhile addition.

Firstly, it has no app and the platform looks like it was designed by a 6th former in their bedroom.
The interest rate is 3.93%.

I'll stick with my 4.5% from Chase until Thursday and then flip to Gatehouse at 4.65%. 
The Gatehouse transfers are a little clunky but been happening same day.

The Sunny Day Saver of no use?
• 4.75% AER/gross (variable) for 1 year on balances up to £3,000. 

Personally I would have checked for an app, if that was a prerequisite, before I'd opened any account.

BigBlueSky

Cobbler_tone said:

Firstly, it has no app and the platform looks like it was designed by a 6th former in their bedroom.
The interest rate is 3.93%.

The Santander app works with Cahoot accounts.  Just login with your Cahoot credentials.  I've been using it with mine for a few months now.

Cobbler_tone

Stargunner said:

Cobbler_tone said:

Just wasted my time setting up a Cahoot account. I have 7 accounts now and don't think this was a worthwhile addition.

Firstly, it has no app and the platform looks like it was designed by a 6th former in their bedroom.
The interest rate is 3.93%.

I'll stick with my 4.5% from Chase until Thursday and then flip to Gatehouse at 4.65%. 
The Gatehouse transfers are a little clunky but been happening same day.

With the interest rate only being 3.93%, why did you bother applying for it?
Although their website is antiquated, they are still paying me 5.1% (for another week) and withdrawsls to my nominated account are immediate. 

I think it was the sunny day offer that attracted me but not showing. I certainly wouldn’t have applied for the rate I’ve been given.

Good tip from the other poster on the Santander app, I’ll give that a go.

gt94sss2

Cobbler_tone said:

Just wasted my time setting up a Cahoot account. I have 7 accounts now and don't think this was a worthwhile addition.

Firstly, it has no app and the platform looks like it was designed by a 6th former in their bedroom.
The interest rate is 3.93%.

I'll stick with my 4.5% from Chase until Thursday and then flip to Gatehouse at 4.65%. 
The Gatehouse transfers are a little clunky but been happening same day.

Cahoot's internet banking is just a version of Santander's with a different colour scheme.

Also, you need to be careful when comparing interest rates that you are comparing equivalent rates to get an accurate comparison.

For instance the Chase 4.5% interest rate is a annual rate while the 3.93% you quote for Cahoot is monthly and its actually 4% AER.

Similarly, the Gatehouse rate is actually 4.75% AER - 4.65% being the monthly equivalent.

jimexbox

Are Gatehouse EA withdrawals 24/7 or office hours only? Ta.

allegro120

jimexbox said:

Are Gatehouse EA withdrawals 24/7 or office hours only? Ta.

If you want to receive money on the same day, you have to make a withdrawal before 1pm (working days only). Withdrawals can take up to 7 hours to arrive, at least in my recent experience.  

SJMALBA

allegro120 said:

jimexbox said:

Are Gatehouse EA withdrawals 24/7 or office hours only? Ta.

If you want to receive money on the same day, you have to make a withdrawal before 1pm (working days only). Withdrawals can take up to 7 hours to arrive, at least in my recent experience.  

Is same day withdrawals a recent(ish) development?
IME, withdrawals were always next working day (though it's been while since I made any).

Cobbler_tone

jimexbox said:

Are Gatehouse EA withdrawals 24/7 or office hours only? Ta.

I have only done a couple of test it. When I did one in the evening it was transferred at 10am the next day. The day time one I did happened in just under two hours. I believe they use faster pay.

j_netprofit

Monument is where I’ll be going back on Thursday, 4.55 AER.