The New Top Easy Access Savings Discussion Area

masca

Does anyone know if there's any way to satisfy the Cahoot ID/change details form request electronically? I don't have access to a printer (and a stamp isn't very MSE! ☺️). I've sent a message asking Cahoot, but I'm still awaiting an answer. TIA.

The_Groat_Counter

Re the Cahoot Sunny Day Saver (SDS) accounts...

I have an SDS issue 3 account opened in January, but I'm actually not sure what the current interest rate is - on my online banking it currently shows as 0% but I think that's because I had exactly £3000 in the account (interest is stated as being payable from "£1 - £3,000" but nothing for "£3000+", however what's not clear is what happens for a balance of exactly £3000).

I've transferred a penny out today so now the balance is £2999.99, however the interest rate in online banking still shows as 0% - perhaps that will update overnight...

On cahoot's Previous rates and fees page, under the heading Previous rate effective until 2 March 2025, the SDS issue 3 is shown as having an interest rate of 4.75% AER / 4.65% gross - this matches the interest rate shown on my account summary document dated 5 April. I don't have any statements or summaries more recent than that.

My guess is that the 2 March date is when the SDS issue 3 account became NLA, but in my reading of things I'm struggling to find clarity on what the current interest rate for this account actually is.

allegro120

The_Groat_Counter said:

Re the Cahoot Sunny Day Saver (SDS) accounts...

I have an SDS issue 3 account opened in January, but I'm actually not sure what the current interest rate is - on my online banking it currently shows as 0% but I think that's because I had exactly £3000 in the account (interest is stated as being payable from "£1 - £3,000" but nothing for "£3000+", however what's not clear is what happens for a balance of exactly £3000).

I've transferred a penny out today so now the balance is £2999.99, however the interest rate in online banking still shows as 0% - perhaps that will update overnight...

On cahoot's Previous rates and fees page, under the heading Previous rate effective until 2 March 2025, the SDS issue 3 is shown as having an interest rate of 4.75% AER / 4.65% gross - this matches the interest rate shown on my account summary document dated 5 April. I don't have any statements or summaries more recent than that.

My guess is that the 2 March date is when the SDS issue 3 account became NLA, but in my reading of things I'm struggling to find clarity on what the current interest rate for this account actually is.

Current interest for issue 3 is 4.75% and it should show 4.75% or 4.65% (if paid monthly) on £3000 balance. It must be a glitch if it shows 0%.

Bridlington1

@soulsaver

West Brom BS Four Access Saver Issue 3  to reduce from 4.55% to 4.4% from 15/9/25

ChewyyBacca

Bridlington1
Any rate revision for West Brom BS Four Access Saver Issue 1? It still shows online as 4.65%

schiff

Had there been I'm sure our ace reporter would have said 

Bridlington1

ChewyyBacca said:

Bridlington1
Any rate revision for West Brom BS Four Access Saver Issue 1? It still shows online as 4.65%

Not that I'm aware of, their BOE base rate page still says rates are under review. The page for West Brom BS Four Access Saver Issue 3 was only updated today though so it could be that they'll publish other changes shortly or haven't yet decided about the rest.

If I come to know of further info I shall post an update as ever though.

Bridlington1

@soulsaver

Cynergy Online EA (Issue 90) 4.45% £1min. NLA, replaced by Issue 91 with a sharp drop to 4%.

Bridlington1

Apologies, forgot to mention this in this thread earlier but:

Skipton BS Interest Rate Reductions 1/9/25:

Bonus Saver Issue 12 (NLA) from 4.5% to 4.25% (includes bonus)
FA Bonus Saver (NLA) from 4.2% to 3.95% (includes bonus)
Member Bonus Saver Issue 1 (NLA) from 4.5% to 4.2% (includes bonus)
Member Bonus Saver Issue 2 (NLA) from 5% to 4.75% (includes bonus)

The_Groat_Counter

allegro120 said:

The_Groat_Counter said:

Re the Cahoot Sunny Day Saver (SDS) accounts...

I have an SDS issue 3 account opened in January, but I'm actually not sure what the current interest rate is - on my online banking it currently shows as 0% but I think that's because I had exactly £3000 in the account (interest is stated as being payable from "£1 - £3,000" but nothing for "£3000+", however what's not clear is what happens for a balance of exactly £3000).

I've transferred a penny out today so now the balance is £2999.99, however the interest rate in online banking still shows as 0% - perhaps that will update overnight...

On cahoot's Previous rates and fees page, under the heading Previous rate effective until 2 March 2025, the SDS issue 3 is shown as having an interest rate of 4.75% AER / 4.65% gross - this matches the interest rate shown on my account summary document dated 5 April. I don't have any statements or summaries more recent than that.

My guess is that the 2 March date is when the SDS issue 3 account became NLA, but in my reading of things I'm struggling to find clarity on what the current interest rate for this account actually is.

Current interest for issue 3 is 4.75% and it should show 4.75% or 4.65% (if paid monthly) on £3000 balance. It must be a glitch if it shows 0%.

Many thanks @allegro120 - I'll see if the interest rate is displayed correctly tomorrow. 

For what it's worth, in online banking next to the displayed interest rate for the account there is a ❔ question mark icon - which when clicked produces this popup message:
"Your interest rate may show as 0% for balances higher that the limit on your account. Please refer to your Key Facts Document for more information."

💰  One further quick question... the newer Cahoot Sunny Day Saver (SDS) issue 5 has a better interest rate of 5.00% AER or 4.89% if paid monthly - is there any downside or issue with me upgrading my existing SDS issue 3 account to an issue 5 account? TIA.