The New Top Easy Access Savings Discussion Area

BigBlueSky

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

nottsphil

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

No, unless one is sole and the other is joint.
NB you can have more than £3K in it, it's just that interest is only payable on that slice.
I also have a previous issue but it's too much trouble for Cahoot to tell me which one on my online console.
So, do I simply close my current one and open this one?

35har1old

nottsphil said:

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

No, unless one is sole and the other is joint.
NB you can have more than £3K in it, it's just that interest is only payable on that slice.
I have a previous issue but it's too much trouble for Cahoot to tell me which one on my online console.
So, do I simply close my current one and open this one?

To close it appears you have to phone are write 

03306782811
Cahoot Operations,Sunderland, SR43 4FX

CuparLad

Cahoot Sunny Day Saver

I closed an old issue at the beginning of March after the 1Yr period. Closing the account is a PITA. You have to withdraw the funds yourself (so there is a zero balance) first, before they will close the account. The interest is then sent via a separate payment. I was told on the phone that this could take up to 2 days because "another department" deals with this, but in reality the interest turned up later the same day. You have to go through all sorts of security hoops to withdraw the balance over the phone, so it's better to do that online and then call up to get the account closed and liberate the interest.

mon3ysav3r

Bridlington1 said:

@soulsaver

Buckinghamshire BS Online Single Access Saver now 4.51% £100 min. 

Minimum investment "of just" £10,000 according to their website

mon3ysav3r

nottsphil said:

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

No, unless one is sole and the other is joint.

Despite what their terms and conditions say I have 3 Sunny Day savers in the same account, all different Issues (2, 3 and 5)

allegro120

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

Yes, you can have as many issues as you like simultaneously.

allegro120

mon3ysav3r said:

nottsphil said:

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

No, unless one is sole and the other is joint.

Despite what their terms and conditions say I have 3 Sunny Day savers in the same account, all different Issues (2, 3 and 4)

The same here. My issue 1 morphed into 1% Savings Account a while ago, but all other issues are running.  I have 2 accounts per issue. Issue 4 is a bit useless at the moment, but I take a full advantage of issue 2, 3 and now 5.

janusdesign

35har1old said:

nottsphil said:

BigBlueSky said:

Bridlington1 said:

@soulsaver

Cahoot Sunny Day Saver Issue 4 at 4.5% NLA

Replaced by Cahoot Sunny Day Saver (Issue 5) at 5% £3k max

Can you hold this in addition to a previous issue?  I hold the issue 1 @ 4.75%

No, unless one is sole and the other is joint.
NB you can have more than £3K in it, it's just that interest is only payable on that slice.
I have a previous issue but it's too much trouble for Cahoot to tell me which one on my online console.
So, do I simply close my current one and open this one?

To close it appears you have to phone are write 

you can send them a secure message to close an account - i've done that without issue last year with a Simple Saver.

they may ask for you to confirm your address via another secure message, but once done, it will be closed within a couple of days... as others have suggested, it's easier to empty the account yourself first before closing to make things simpler at their end... and perhaps if receiving interest monthly, leave it for a month or two to ensure there is no lingering interest for them to pay.

on another topic, just opened that Kent Reliance account - all went smoothly and will make my initial deposit tomorrow once CoP works... I assume the £1k opening deposit has to be made in one go rather than a £1 test deposit and then the remainder afterwards ?

janusdesign

CricketLady said:

Does the Cahoot Sunny Day Saver (Issue 5) 5% £3k max pay any withdrawals instantly(ish) please?  Or do they take overnight xx

it pays instantly.