The New Top Easy Access Savings Discussion Area

pfpf

i'm doing a bit of new year housekeeping and i have been quite bad at keeping track in the last 6 months.

could someone please tell me what the current interest rate is on a Cahoot sunny day saver? iv'e just withdrawn the balance over 3k but it states 0% as i was over the 3k. is it 5% or has it been reduced to 4.75% for everyone?

Tandem, is it 4.40% for all, is that reducing any further in the coming weeks?

finally, Chase. is it best to just withdraw everything and keep the account open? i know Chase can be tricky to open new account after closing, is that just the current account? would i be able to open a new savings account if needed?

thanks so much.

wiseonesomeofthetime

pfpf said:

i'm doing a bit of new year housekeeping and i have been quite bad at keeping track in the last 6 months.

could someone please tell me what the current interest rate is on a Cahoot sunny day saver? iv'e just withdrawn the balance over 3k but it states 0% as i was over the 3k. is it 5% or has it been reduced to 4.75% for everyone?

£1-£3000 atm for me is 5.00%. It goes to 1% on 8 March as my term is up.

Tandem, is it 4.40% for all, is that reducing any further in the coming weeks?

Tandem, for me, is currently 4.40%, that includes the 0.25% top-up

finally, Chase. is it best to just withdraw everything and keep the account open? i know Chase can be tricky to open new account after closing, is that just the current account? would i be able to open a new savings account if needed?

Leave Chase open. They will not let you go back if you leave, regardless what CS seems to say

thanks so much.

..........

janusdesign

pfpf said:

could someone please tell me what the current interest rate is on a Cahoot sunny day saver? iv'e just withdrawn the balance over 3k but it states 0% as i was over the 3k. is it 5% or has it been reduced to 4.75% for everyone?

depends on the issue - Issue 2 is currently 5%, but goes down to 4.75% on 31st March... Issue 3 is already 4.75%.

pfpf said:

Tandem, is it 4.40% for all, is that reducing any further in the coming weeks?

no announcement of rate change, but my top-up was due to expire on the 6th February and I got an email from them suggesting that I may be able to renew it for another year in the app... checked and was able to renew it...  it might be worth checking the app to see if your top-up is near it's end and available for renewal.

soulsaver

Cahoot SDS goes to 4.75% var 31st Jan.

At anniversary of opening: 

"This account is for 12 months. After the term ends, we’ll transfer your money, and interest you’ve earned, into a cahoot Savings Account. We’ll contact you with more details about that closer to the end of the term."

allegro120

pfpf said:

i'm doing a bit of new year housekeeping and i have been quite bad at keeping track in the last 6 months.

could someone please tell me what the current interest rate is on a Cahoot sunny day saver? iv'e just withdrawn the balance over 3k but it states 0% as i was over the 3k. is it 5% or has it been reduced to 4.75% for everyone?

Tandem, is it 4.40% for all, is that reducing any further in the coming weeks?

finally, Chase. is it best to just withdraw everything and keep the account open? i know Chase can be tricky to open new account after closing, is that just the current account? would i be able to open a new savings account if needed?

thanks so much.

Cahoot SD.  It depends on the issue.  I currently have 3 paying 5% (will be reduced to 4.75% on 31st March) and 2 of the last issue paying 4.75%.

Tandem is still 4.4%.

Chase.  I would keep them open.  There is no minimum balance required.

pfpf

wow, thanks all.

SDS is issue 1 11/08/25

Tandem TopUP is active till 9/08/25.

thanks again.

Starmer24

Malchester said:

Starmer24 said:

Hi pot pickers!  

Anyone reccomend me a "non nonsense" online Easy Access savings account for >£10k that doesnt have a limit on withdrawls, doesnt have tiered rates depending on the withdrawls made, doesnt need to be App only (wife somehow failed the Atom ID check?), has quick payments and ideally mthly interest?

Just need something straight fwd to operate and ideally a biggish name.

(she already has Marcus, Cynergy and Ulster)

Thank you!

I have account with Wealthify for just that purpose. Not the best interest rate (4.39%) but instant transfer both in and out and can be operated via Web or app. Have found them excellent.

Also look at Investec online only (no app) but virtually instant deposits and withdrawals but again, not the best rate (4.4%). Again I have found them good 

Many thanks for the suggestions - just painlessly opened Investec upon your recommendation.

happybagger

jimexbox said:

If you want an instant access for an emergency pot you don't intend to access, obviously unless you have an emergency. Atom have an instant access saver at 4.85% AER. If you withdraw it drops to 3.25% AER for a month.  

But for @Starmer24 's reference this is not an option, as Atom is app only, which they excluded.

happybagger

Starmer24 said:

Many thanks for the suggestions - just painlessly opened Investec upon your recommendation.

The two Family BS accounts available (Online, unlimited withdrawals; or Market Tracker (20 withdrawals annually) may be useful if there are no plans to withdraw more than 25k in a day. A touch higher than the Investec rate

refluxer

pfpf said:

finally, Chase. is it best to just withdraw everything and keep the account open? i know Chase can be tricky to open new account after closing, is that just the current account? would i be able to open a new savings account if needed?

I think it's definitely worth keeping the current account open, particularly if you make use of the cashback on purchases. I also suspect they'll offer a new Saver with a bonus rate at some stage and, as mentioned above, they may not let you rejoin if you leave in the meantime.