The New Top Easy Access Savings Discussion Area

flaneurs_lobster

The_Groat_Counter 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...

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Odd, mine have exactly £3000 and show the (monthly) rate of 4.89% OK (ditto in the app).

janusd

@soulsaver Coventry BS 5 Access Saver - 1 Year @ 4.15% variable
£1 to open; interest is monthly or annually; 5 withdrawals with no charge, 6+ withdrawals with 50 days' interest; after 1 year matures to an Easy Access account.

friolento

flaneurs_lobster said:

The_Groat_Counter 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...

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Odd, mine have exactly £3000 and show the (monthly) rate of 4.89% OK (ditto in the app).

For some odd reason, there appear to be random accounts showing 0%. I had one of those. Reducing the balance to below £3k for a day did fix mine, too.

intalex

Bridlington1 said:

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)

Base Rate Tracker already lowered by 0.25% effective today, seems to be the norm now - reduce rate effective the Tuesday following a Thursday BoE rate cut

allegro120

The_Groat_Counter 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...
[...]

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Cahoot SDS
Glad to hear that it is sorted for you.   £3000 is a legitimate sum for receiving interest, you don't have to reduce it by 1p.  Most of my SDSs stay at £3000 and I receive interest.  Anything above £3000 won't earn interest.

SeriousHoax

allegro120 said:

The_Groat_Counter 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...
[...]

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Cahoot SDS
Glad to hear that it is sorted for you.   £3000 is a legitimate sum for receiving interest, you don't have to reduce it by 1p.  Most of my SDSs stay at £3000 and I receive interest.  Anything above £3000 won't earn interest.

Do you get your intrest monthly.

friolento

allegro120 said:

The_Groat_Counter 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...
[...]

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Cahoot SDS
Glad to hear that it is sorted for you.   £3000 is a legitimate sum for receiving interest, you don't have to reduce it by 1p.  Most of my SDSs stay at £3000 and I receive interest.  Anything above £3000 won't earn interest.

It seems to be necessary to reduce the balance below £3k for one overnight period, in the rare and unexplained cases where the interest shows at 0%. 

allegro120

SeriousHoax said:

allegro120 said:

The_Groat_Counter 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...
[...]

For the record, it did update overnight and today the correct interest rate is now displayed on my online banking. I'm assuming that this was prompted by reducing the balance to £2999.99!

Cahoot SDS
Glad to hear that it is sorted for you.   £3000 is a legitimate sum for receiving interest, you don't have to reduce it by 1p.  Most of my SDSs stay at £3000 and I receive interest.  Anything above £3000 won't earn interest.

Do you get your intrest monthly.

Cahoot SDS
Mixture of both, but for the majority of my accounts monthly.

ranciduk

HSBC’s obs down to 3.5% in October 

janusd

OakNorth Easy Access Tracker (Issue 11) @ 3.80% - £1 min balance; tracks base rate - 0.2% (spread may vary); next day withdrawals.

the reason for mentioning it (I appreciate the rate is uncompetitive and has slow withdrawals!) is that I just noticed that an OakNorth Easy Access Limited Access (Issue 5) account I have (£20k min balance - though currently £0 for me) has been renamed to OakNorth Easy Access Tracker (Issue 5) with a min balance now of £1 - this might be useful to know for those with these existing accounts (they are no longer available).

OakNorth must be decluttering their account offerings because their previous Easy Access account has been renamed to Simple Saver (same rate of 1.75%) and made NLA to new accounts.