The New Top Easy Access Savings Discussion Area

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.

schiff

What governs the monthly interest date on a Cahoot SS, is it the anniversary of opening the account or a standard date for everyone?

Bridlington1

schiff said:

What governs the monthly interest date on a Cahoot SS, is it the anniversary of opening the account or a standard date for everyone?

Anniversary of account opening.

ircE

True EA entries are easy access savings accounts which can be opened, and the headline interest rate earned, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes time-limited bonuses and accounts for new customers only - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are True EA accounts that advertise immediate deposit and withdrawal times 24/7. Highlighted entries show changes since last time: green for rate increases, red for rate reductions, and blue for new entries to the respective table.

Next base rate d-day is next Thursday 18th.

RedImp_2

Bridlington1 said:

@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.

Should be like insurance (I think) & made to offer same rates to existing customers (still have an open account with zero balance)

BACKTOBACK

I am lucky to have an old NLA account with West Brom that still pays 4.31%. I have just over £100k with them which is protected for six months fscs due to a personal injury payout.
West Brom customer service is good but i am concerned that all you can see is around 5 transactions in the online portal. There is no way to get a statement from them. You cant print a transaction list, balance, or statement.
If there is a problem with the online portal, or West Brom go down it could be a problem.
Also i will need to provide proof of funds for a future property purchase just makes things difficult.
I am grateful for the higher rate, but think its odd to not offer any type of statement?