The New Top Easy Access Savings Discussion Area

Bridlington1

janusdesign said:

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

for me, the "Open A New Account" link just goes to their Products page in a new tab; and their "Upgrade" link goes to a landing page... now possibly, this is because I don't have any upgradable accounts (but i'm pretty sure those links have always been that)... and on those newly opened pages, i'm not logged in - hence why application details have to be entered again,

however, I have an old Simple Saver maturing on Thursday, so I would be interested to hear more about the method used to upgrade the old accounts - I wouldn't mind having another Sunny Day Saver @ 5%.

If I go to the Sunny Day Saver Page from there I get this button towards the bottom of my screen:

The pages for their individual products appear to've changed too. The Sunny Day Saver Page has these options:


Previously it only had the Apply now button, as late as 28th July according to the wayback machine:

https://web.archive.org/web/20250728123518/https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver

RosieRooBear

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

Thank you @Bridlington1, great information, now have three sunny day savers at 5% too 😊

janusd

Bridlington1 said:

janusdesign said:

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

for me, the "Open A New Account" link just goes to their Products page in a new tab; and their "Upgrade" link goes to a landing page... now possibly, this is because I don't have any upgradable accounts (but i'm pretty sure those links have always been that)... and on those newly opened pages, i'm not logged in - hence why application details have to be entered again,

however, I have an old Simple Saver maturing on Thursday, so I would be interested to hear more about the method used to upgrade the old accounts - I wouldn't mind having another Sunny Day Saver @ 5%.

If I go to the Sunny Day Saver Page from there I get this button towards the bottom of my screen:

The pages for their individual products appear to've changed too. The Sunny Day Saver Page has these options:


Previously it only had the Apply now button, as late as 28th July according to the wayback machine:

https://web.archive.org/web/20250728123518/https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver

you little beauty - I see those links now! 

no point trying it today (though I think it would work) - i'll wait until the Simple Saver (Issue 4) matures on Thursday, starts paying 1% and then see if I can upgrade it to another Sunny Saver - will let you know what happens.

janusd

RosieRooBear said:

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

Thank you @Bridlington1, great information, now have three sunny day savers at 5% too 😊

out of interest, do the account numbers stay the same (with just a change of account name/type) or is a "new" Sunny Day Saver opened with a new account number?

Bridlington1

janusdesign said:

RosieRooBear said:

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

Thank you @Bridlington1, great information, now have three sunny day savers at 5% too 😊

out of interest, do the account numbers stay the same (with just a change of account name/type) or is a "new" Sunny Day Saver opened with a new account number?

Account numbers stay the same, it's just the account type and interest rate that changes.

If you go to upgrade it should ask you to select which account you want to upgrade. I had the option to upgrade any account that isn't the same account and issue as the one I'm upgrading to.

n3ophyte

Thank you @Bridlington1 I now have 4 fully funded Sunny Day Saver accounts thanks to your tip 

I’m actually glad Cahoot’s account deletion process is so rubbish or I wouldn’t have this luxury!

HHUK

Bridlington1 said:

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

Cahoot Sunny Day Savers

Many thanks for this. I've theoretically upgraded three of my accounts. I note it still says one is allowed a maximum of one sole and one joint Sunny Day Saver. Do we know how this works in practice, please?

allegro120

Bridlington1 said:

With regards to Cahoot. Apologies if this feature has been there a while and I've just failed to notice it but I seem to have the option to upgrade an existing account as well as the option to apply for a new account.

This could be a useful one potentially for those wishing to ``refresh" the Sunny Day Saver as well as those who have maturing accounts they'd like to replace without having to set up new payees.

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

I've recently discovered this too.  As a result I now have 14 SDSs paying 5%, don't need to fund 5% RSs any more.  Not sure when these upgraded accounts will expire as the displayed date of opening didn't change, but I guess I'll find out when Cahoot send notifications for each of them.

On a different subject.  I want to close my Leeds RS, it doesn't make any sense to keep it going at 4.85% and awkward t&c anymore.  The only option I can see is to transfer money to another Leeds account, which I don't have. I've done it before, but I can't remember how I did it.  Is it secure message or do I need to call them?

flaneurs_lobster

allegro120 said:

I've recently discovered this too.  As a result I now have 14 SDSs paying 5%, don't need to fund 5% RSs any more. 

14!

And there's me fretting about opening a third....

Agree that there's little point in funding RSs below 5.5%.

janusd

HHUK said:

Bridlington1 said:

Additionally I've just had a bit of a play around with it and it's let me upgrade two old easy access accounts I hadn't got round to closing to sunny day savers so I've ended up with three sunny day saver issue 5s at 5%.

Cahoot Sunny Day Savers

Many thanks for this. I've theoretically upgraded three of my accounts. I note it still says one is allowed a maximum of one sole and one joint Sunny Day Saver. Do we know how this works in practice, please?

I think the general opinion here is that we considered they meant one per issue (or 2 if including joint) - but that was before this upgrade option was available, so I assume they don't mind / care / know.

I now have 5 x Sunny Day Saver (Issue 5) - I upgraded an Issue 4 @ 4.5%, and Issues 2&3 @ 4.75%, plus the Simple Saver (Issue 4) @ 4.35%... wish I hadn't closed a couple of those older Simple Saver issues now! 

allegro120 said:
I've recently discovered this too.  As a result I now have 14 SDSs paying 5%, don't need to fund 5% RSs any more.  Not sure when these upgraded accounts will expire as the displayed date of opening didn't change, but I guess I'll find out when Cahoot send notifications for each of them.

i'm assuming, for the purpose of my spreadsheet, that it's 12 months from today, but time will tell... the Simple Saver (Issue 4) that I upgraded to a Sunny Day Saver (Issue 5) would have supposedly matured this Thursday, so i'll let you know if the rate changes on Thursday or Friday.. but logically, even if it does drop down to 1%, then I could just upgrade it again (assuming the issue 5 doesn't get pulled after the BoE meeting).

it's maturity letter does state...

You can change to a different cahoot account
We have a range of cahoot accounts available to open online. As we are a digital bank you can transfer funds to any cahoot account via online banking. To find out more, go to cahoot.com.

i've still got an empty Simple Saver (Issue 9) paying 4.41% open, but i'll leave that alone for now until after the BoE meeting... sometimes Cahoot have left older issues alone and just dropped the rates on the current issue.