The New Top Easy Access Savings Discussion Area

ikr2

janusdesign said:

ikr2 said:

With Chase dropping it's rate I have a choice of moving my savings to Cahoot (my account is 5.09%). Not sure if it worth doing this now or waiting a week two to see if Cahoot cut their rate too. 

which Cahoot account? Simple Saver (Issue 2) that pays 5.12% AER?? Cahoot tends to give 2 months notice of rate drops on their EA savings accounts, so the current rate you're getting should remain until this time in October.

I have Issue 2 and the headline rate is only for 12 months, after which it matures to a low interest savings account - I had my maturity letter yesterday telling me of it's October expiry - so any Cahoot rate changes won't affect this account for me.

Cahoot do have an Issue 4 paying 4.85% variable for a year - so it might be an idea to open that so you have another option going forward.

Ah. Thank you for the extra info. 

I have the Cahoot Sunny Day Saver. Max balance they pay interest on is £3K. Sorry, 5.09% is the monthly interest displayed on the account but that's 5.2% AER. 

Assuming 60 day notice for interest rate changes then I guess it's best to use that for now. 

soulsaver

Bridlington1 said:

soulsaver said:

FIREmenow said:

Apologies if already mentioned, search didn't pick it up.

Aldermore double access issue 1 (recently NLA) is reducing from 4.9% to 4.75% AER from 3rd Sept, making it the same rate as issue 2.

Change showing on their pdf of all current and previous rates (link downloads a pdf file): https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Pdf states lots of their other accounts are dropping too.

Top Easy Access acs Ranked: Top of The Pots - **No Chat** - Page 70 — MoneySavingExpert Forum

The search facility here is wtu  .. and duplicated info is better than missed info...  

Though I don't recall anyone mentioning Issue 1 is having its rate reduced before, only that it was going NLA and being replaced by Issue 2 at the lower rate so AFAIK this isn't duplicated info.

Good point. I should pay more attention to comprehension... good job it was said without malice.

soulsaver

FIREmenow said:

Apologies if already mentioned, search didn't pick it up.

Aldermore double access issue 1 (recently NLA) is reducing from 4.9% to 4.75% AER from 3rd Sept, making it the same rate as issue 2.

Change showing on their pdf of all current and previous rates (link downloads a pdf file): https://www.aldermore.co.uk/media/25ahbzw5/personal-savings-accounts-rates.pdf

Pdf states lots of their other accounts are dropping too.

Sorry, I misread your post.. thought it was reiterating another. I've been put right by another helpful poster..!

pfpf

just opened a cahoot savings account.
i seem to remember a bit of chat about existing login/issues regarding getting online

iv'e never had an account with them but wondered what issue i may run in to? could i have had a product with another company that may now be cahoot?  would my Santander login in some way be a problem/usable?

just want to be on the ball and not wait a week to then find something could have been done now.
thank you.

jaypers

pfpf said:

just opened a cahoot savings account.
i seem to remember a bit of chat about existing login/issues regarding getting online

iv'e never had an account with them but wondered what issue i may run in to? could i have had a product with another company that may now be cahoot?  would my Santander login in some way be a problem/usable?

just want to be on the ball and not wait a week to then find something could have been done now.
thank you.

When first set up you need to wait for a snail mail letter from them to get logged in. After that it’s all straight forward. Infrastructure and login is completel6 separate from Santander but the platform itself looks and feels very similar. 

chris_the_bee

pfpf said:

just opened a cahoot savings account.
i seem to remember a bit of chat about existing login/issues regarding getting online

iv'e never had an account with them but wondered what issue i may run in to? could i have had a product with another company that may now be cahoot?  would my Santander login in some way be a problem/usable?

just want to be on the ball and not wait a week to then find something could have been done now.
thank you.

Cahoot
I had no problems & opened instantly despite me having Santander accounts.

jameseonline

Had an email this evening from Skipton telling me my Easy Access 3 M is reducing from 3.74%/3.80% to 3.49%/3.55% on 2nd September 

t1redmonkey

jameseonline said:

Had an email this evening from Skipton telling me my Easy Access 3 M is reducing from 3.74%/3.80% to 3.49%/3.55% on 2nd September 

Same here, though I won’t be losing too much sleep over the quarter of a penny per year less that my £1 in that account will be earning!

jameseonline

t1redmonkey said:

jameseonline said:

Had an email this evening from Skipton telling me my Easy Access 3 M is reducing from 3.74%/3.80% to 3.49%/3.55% on 2nd September 

Same here, though I won’t be losing too much sleep over the quarter of a penny per year less that my £1 in that account will be earning!

Hahaha I only got it to be eligible for loyalty accounts 

Stargunner

Got an email this evening from Skipton advising me that they are reducing the interest rate from 2nd September on their member bonus saver 1 A from 5.5% to 5.25% AER