The New Top Easy Access Savings Discussion Area

friolento

wiseonesomeofthetime said:

Cahoot Simple Saver
Just noticed issue 7 @ 4% is NLA
replaced by 3% issue 8

Pointless account now, that one imo 🤷‍♂️

I will continue to keep my Cahoot Simple Saver with £1 in it so I continue to have online access even if  and when all my Sunny Day Savers will have been closed 

allegro120

friolento said:

wiseonesomeofthetime said:

Cahoot Simple Saver
Just noticed issue 7 @ 4% is NLA
replaced by 3% issue 8

Pointless account now, that one imo 🤷‍♂️

I will continue to keep my Cahoot Simple Saver with £1 in it so I continue to have online access even if  and when all my Sunny Day Savers will have been closed 

Sunny Days don't close, they just morph into Savings Account account (1%). My Simple Saver also morphed into the same Savings Account.  So you don't have to open any new accounts for continuing online access.  There's no minimum balance requirement for Savings Account or any other commitments.

friolento

allegro120 said:

friolento said:

wiseonesomeofthetime said:

Cahoot Simple Saver
Just noticed issue 7 @ 4% is NLA
replaced by 3% issue 8

Pointless account now, that one imo 🤷‍♂️

I will continue to keep my Cahoot Simple Saver with £1 in it so I continue to have online access even if  and when all my Sunny Day Savers will have been closed 

Sunny Days don't close, they just morph into Savings Account account (1%). My Simple Saver also morphed into the same Savings Account.  So you don't have to open any new accounts for continuing online access.  There's no minimum balance requirement for Savings Account or any other commitments.

I know all that. I close my SDSs after 12 months. 

Expotter

Coventry Building Society has launched a Four Access Saver account at 4.85% AER. Might not be the highest  available at the moment, but for a traditional building society I think it's a pretty good rate.

https://www.coventrybuildingsociety.co.uk/member/product/savings/limited_access/4-access-saver.html

AndyTh_2

Expotter said:

Coventry Building Society has launched a Four Access Saver account at 4.85% AER. Might not be the highest  available at the moment, but for a traditional building society I think it's a pretty good rate.

https://www.coventrybuildingsociety.co.uk/member/product/savings/limited_access/4-access-saver.html

Thanks. Its also good for the people who already opened T212/Chip/Chase and so don't qualify for the higher new customer/account interest rates, and especially those who are using the 5 access saver 4.75%.

My closest is Atom 4.85% but each withdrawal reduces interest for the rest of the month, so isn't very good unless withdrawing all of it then putting the remainder back in the next month

jimexbox

The Atom saver is good as somewhere to park up your emergency pot. Not sure why anyone would use it as a daily easy access.

ColdIron

Tesco to reduce their Internet Saver standard interest rate (so it affects all accounts) from 1.25% to 1.15% March 19th. My 4.81% still looks OK but sadly only for a few more months. That Coventry 4 Access at 4.85% could come in handy even after the inevitable BR cut

refluxer

AndyTh_2 said:

My closest is Atom 4.85% but each withdrawal reduces interest for the rest of the month, so isn't very good unless withdrawing all of it then putting the remainder back in the next month

I thought that withdrawing from that Reward Saver account lowers the rate for the whole of that account month, not just from the date of the withdrawal onwards ?

AndyTh_2

refluxer said:

AndyTh_2 said:

My closest is Atom 4.85% but each withdrawal reduces interest for the rest of the month, so isn't very good unless withdrawing all of it then putting the remainder back in the next month

I thought that withdrawing from that Reward Saver account lowers the rate for the whole of that account month, not just from the date of the withdrawal onwards ?

Yep, seems that way, so additionally only if withdrawing all on the 1st of the month and putting it back in 1st of the next month

AndyTh_2

jimexbox said:

The Atom saver is good as somewhere to park up your emergency pot. Not sure why anyone would use it as a daily easy access.

Neither is the 4 access saver, which we were talking about, about daily easy access.

That said you can line up multiple limited access savers (esp if allows one of each issue) to get 12 months of 1 month payments out to a lower rate savings account for monthly bills and regular saver transfers