The New Top Easy Access Savings Discussion Area

hoppy2

got the SDS e-mail today and got the interest from all that I had upgraded, 5 in all at 5%, 3 had expired and I upgrade them just on the off chance

schiff

I've only recently opened a Cahoot SS and SDS. Would someone provide a brief summary of the trick (?) to get more SDSs. TIA 

mon3ysav3r

schiff said:

I've only recently opened a Cahoot SS and SDS. Would someone provide a brief summary of the trick (?) to get more SDSs. TIA 

To upgrade some existing Cahoot accounts to “Sunny Day Saver” see https://forums.moneysavingexpert.com/discussion/6534798/the-new-top-easy-access-savings-discussion-area/p287 there is a button link titled "Upgrade my existing account". If you are new to Cahoot you may not have any old accounts to upgrade.

jaypers

I had 3 old Cahoot accounts and have a current joint and sole Sunny Day Saver. Just upgraded one of the old account to a new SD Saver. Worked immediately……..no idea if they will do anything but thought I would give it a go. 

Bridlington1

Not a top one yet but possibly one to open speculatively:

Post Office Money Online Saver Issue 82 now pays 4.13% but includes a fixed bonus of 3.13% for 12 months.

friolento

Given the various issues that people had with Post Office accounts, I wouldn’t touch any of their accounts with a barge pole

akh43

Re the Cahoot SDS, I only recently opened one at the beginning of August and my only account with them so far.  I notice you only get interest on £3k and now after interest it is £3,009.67 so does that mean I have to withdraw the interest each month?

If I decide to open a Simple Saver account, in theory could I upgrade to another SDS?

allegro120

akh43 said:

Re the Cahoot SDS, I only recently opened one at the beginning of August and my only account with them so far.  I notice you only get interest on £3k and now after interest it is £3,009.67 so does that mean I have to withdraw the interest each month?

If I decide to open a Simple Saver account, in theory could I upgrade to another SDS?

Yes, you have to withdraw it every month, anything above £3k won't earn interest.
Yes, you can open Simple Saver and upgrade it to another SDS.

akh43

allegro120 said:

akh43 said:

Re the Cahoot SDS, I only recently opened one at the beginning of August and my only account with them so far.  I notice you only get interest on £3k and now after interest it is £3,009.67 so does that mean I have to withdraw the interest each month?

If I decide to open a Simple Saver account, in theory could I upgrade to another SDS?

Yes, you have to withdraw it every month, anything above £3k won't earn interest.
Yes, you can open Simple Saver and upgrade it to another SDS.

Thanks, just opened the SS and transferred the interest to that account as easier to keep track of interest received for tax purposes, I may upgrade to SDS at some point, but don't want to do it yet will leave it a few days before doing so.

Bridlington1

@soulsaver

Shawbrook Bank Bonus Easy Access Savings Account - Issue 1 4.3% (includes 2.8% bonus for 6 months) £1 min.

Available to those who haven't held an account with them within the last 28 days.