The New Top Easy Access Savings Discussion Area

Bridlington1

MichaelAP said:

Bridlington1 said:

allegro120 said:

frosch411 said:

13zero8 said:

Flippin eck.... Atom Instant Saver Reward dropping by a whopping 0.6% from 4.60% to 4.00%.

Bye bye Atom, it's been good.

Yeah, just seen this in the app (cos I saw a post on the No chat thread about this and checked in the app as I hadn't received notice about this yet).
This is really a big drop..not sure I want to stay at this rate..shame really 😖

Even 4.6% is too low.  Snoop pays 4.6% without complicated conditions. Atom’s 4.75% was competitive, I’ve used it for a short time, but now it is useless. I’ll keep the account though just in case it becomes useful at some point in future.

I'm holding onto Atom, albeit with nothing in it, in case they decide to do a Zopa and suddenly offer me a beta current account with cashback and regular saver to tempt me back. We can only live in hope I suppose.

What gets me is on the 30 July their rate was 4.75%AER
On the 31 July it went down to 4.60AER
Now 22 days later it drops again another 0.6% to 4.0%AER
that’s a total drop of 0.75%AER in 23 days.  

It is rather a sharp drop I shall confess. For me it was never quite high enough to fund more than the minimum and is currently empty anyway so it's not so much of a great loss. If they do come up with something useful in the future, splendid, if not it just sits there unused indefinitely.

janusd

allegro120 said:

frosch411 said:

13zero8 said:

Flippin eck.... Atom Instant Saver Reward dropping by a whopping 0.6% from 4.60% to 4.00%.

Bye bye Atom, it's been good.

Yeah, just seen this in the app (cos I saw a post on the No chat thread about this and checked in the app as I hadn't received notice about this yet).
This is really a big drop..not sure I want to stay at this rate..shame really 😖

Even 4.6% is too low.  Snoop pays 4.6% without complicated conditions. 

Snoop Easy Access Savings (Issue 1) paying 4.6% went NLA today - to be replaced by Issue 2 paying 4.30%... so possible that emails / app notifications will be sent shortly if existing accounts will be reduced in line.

@soulsaver - i'll mention you although I know it's not one for your top 10, it might be worth a post in the no-chat thread.

SickGroove

My interest with Atom gets paid today, so rather than move it all now to the Chase Boosted Saver (only other instant savings account I currently hold) should I wait until 22nd then withdraw the whole lot from Atom in order to get the current 4.60% rate?

tg99

SJMALBA said:

It looks like there may be some inconsistencies with Cahoot's upgrades?

FWIW, my two Simple Saver upgrades both show the correct rate (4.89% monthly), but each has the original accounts' opening dates, so one expires in a couple of months, the other in May next year.

Could be that the 5% 12 month term for the upgraded accounts just starts from the day of upgrade? As one of my upgraded accounts is set to monthly interest I’ll at least be able to check early on that I am actually getting paid the true 4.89% (5%) rate. 

janusd

SickGroove said:

My interest with Atom gets paid today, so rather than move it all now to the Chase Boosted Saver (only other instant savings account I currently hold) should I wait until 22nd then withdraw the whole lot from Atom in order to get the current 4.60% rate?

that plan fails on this now being a new month, so if you made a withdrawal on 22nd, you would be paid interest at 2% from now until the withdrawal date.

if it were me, I would withdraw the whole balance and put it in Chase for now - the difference between 4.6% and 4.55% is not worth worrying about.

though worth remembering that Chase will soon drop to 4.3%, so get yourself a Cahoot Simple Saver at 4.55% and you will have that rate for at least the next 2 months... then when Chase drops, move the balance to Cahoot.

allegro120

janusdesign said:

allegro120 said:

frosch411 said:

13zero8 said:

Flippin eck.... Atom Instant Saver Reward dropping by a whopping 0.6% from 4.60% to 4.00%.

Bye bye Atom, it's been good.

Yeah, just seen this in the app (cos I saw a post on the No chat thread about this and checked in the app as I hadn't received notice about this yet).
This is really a big drop..not sure I want to stay at this rate..shame really 😖

Even 4.6% is too low.  Snoop pays 4.6% without complicated conditions. 

Snoop Easy Access Savings (Issue 1) paying 4.6% went NLA today - to be replaced by Issue 2 paying 4.30%... so possible that emails / app notifications will be sent shortly if existing accounts will be reduced in line.

@soulsaver - i'll mention you although I know it's not one for your top 10, it might be worth a post in the no-chat thread.

Another one bites the dust I’m sure we’ll be bombarded by notifications in the next couple of weeks. I’ve already had a series of reduction notifications today, all for accounts I don’t use anymore. Whilst the rates are on decline my margin seems to be increasing. 10 days ago I was actively using 4.6% and 4.55% for EAs, now almost all of my none-ISA money is fetching 5% and above.

porcorosso

My atom interest gets paid in 2 days time. I think i'm gonna just wait until I see some good offers. I cant get the chase 5% because I already had an account ages ago from them 

janusd

porcorosso said:

My atom interest gets paid in 2 days time. I think i'm gonna just wait until I see some good offers. I cant get the chase 5% because I already had an account ages ago from them 

you could put £3k in a Cahoot Sunny Day Saver and get 5% for at least the next couple of months.

janusd

tg99 said:

Hi, I probably missed this amongst previous posts but can anyone clarify when the 5% 12 month term runs from re the upgraded cahoot sunny day accounts. I upgraded mine yesterday, they are all showing the correct sunny day rate and the account opening date shown is the original date the account was opened eg I upgraded the first cahoot savings account I opened in 2023 and it still shows this date as the opening date. I can’t see anywhere a reference to a 2 April opening date.

for those who upgraded their Cahoot accounts recently, it might be worth checking your mailbox on the site / app as I found four 32-page documents waiting for me there, entitled "Your Savings Account Upgrade".

Welcome to your new Cahoot Sunny Day Saver

We’re pleased to confirm that we’ve upgraded your account to the Cahoot Sunny Day Saver.

Here’s what you need to know about your new account. Please read these documents and keep them for your records.

You can keep using your account details as normal.

they are effectively running for 12 months from the date of upgrade, so the opening dates not being changed is nothing to worry about.

Dizzycap

tg99 said:

SJMALBA said:

It looks like there may be some inconsistencies with Cahoot's upgrades?

FWIW, my two Simple Saver upgrades both show the correct rate (4.89% monthly), but each has the original accounts' opening dates, so one expires in a couple of months, the other in May next year.

Could be that the 5% 12 month term for the upgraded accounts just starts from the day of upgrade? As one of my upgraded accounts is set to monthly interest I’ll at least be able to check early on that I am actually getting paid the true 4.89% (5%) rate. 

As I've kept all my Simple & Sunnyday accounts, I've upgraded all 5 of the old accounts! They are now all (7) showing as Sunnyday savers @ 5% (4.89%) monthly. I will be funding them all to the max soon as a few RS maturing.