The New Top Easy Access Savings Discussion Area

grufferator

ColdIron said:

I quite like Tesco Bank but it's probably worth adding that that is for your first account

However even when opening additional accounts there is usually a 3 or 4 day wait before you can withdraw from them, even internally. It's no problem if you are aware of it, just plan around it, but it's not prominently displayed. They could do better in this area

I used to have 4.5% interest with Chase for a year, and all that time I was keeping 99% of my money in savings. I'm doing a house refurb, and every time I had to pay a trader, or make a purchase at Screwfix, I'd simply transfer the exact amount I need from savings to my main Halifax account/card to make the payment. If Tesco takes 3 days - I'll close it as soon as I send that signed letter back.

Generally, I find the Halifax and Lloyds apps quite good nowadays. It's getting close to Monzo, and a big pro is that they have the web interface. Too bad their interest rates are crap.

ColdIron

I think you have mis-read my post. That 3 or 4 days is from account opening of additional accounts. After that transfers are pretty much instantaneous including weekends and holidays. By the time you have sent the papers back (for your first account, not every account) you will probably have full control

janusd

grufferator said:

Decided to open a joint savings account. Have opened one with Cahoot. Realised they don't have an Android app, and there's no mobile web interface neither. They send physical letters with PIN codes. Compared to Chase - it's like being back in the 2000s. Have then checked the reviews on TrustPilot. Decided to close the account immediately. 

you opened the account and *then* checked the reviews... err ok. 

the first account with Cahoot always takes time to setup - additional accounts shouldn't... you can use (in a limited way) the Santander app for Cahoot (if not using it for Santander)... as a long-time user of Cahoot, I don't really recognise those reviews as being my experience, but perhaps i'm more familiar with their systems, have more patience and do not expect every banking provider to be like Chase (whose app is excellent).

grufferator

Cahoot is asking me for an SMS code every time I login. Is that the case for everyone, regardless of how long you've use it for?

Rheumatoid

grufferator said:

Cahoot is asking me for an SMS code every time I login. Is that the case for everyone, regardless of how long you've use it for?

it is for me

winkowinko

grufferator said:

Cahoot is asking me for an SMS code every time I login. Is that the case for everyone, regardless of how long you've use it for?

Yes. Whilst it's a little annoying for most of us, I suspect it will be a deal-breaker for you.

mon3ysav3r

grufferator said:

Cahoot is asking me for an SMS code every time I login. Is that the case for everyone, regardless of how long you've use it for?

Yes, always been the case for me, a pain but you don't need to match the case of the letters, which speeds things up a bit.

AndyTh_2

mon3ysav3r said:

grufferator said:

Cahoot is asking me for an SMS code every time I login. Is that the case for everyone, regardless of how long you've use it for?

Yes, always been the case for me, a pain but you don't need to match the case of the letters, which speeds things up a bit.

I normally just copy the code via Google messages for web for other banks, but annoyingly Cahoot/Santander's disabled paste ability.

Still, it's easier to have the Google messages for web visible on monitor to reading and typing manually, than unlocking phone to read out and type

janusd

for those Cahoot users with a combined balance of £2,500 or more in their easy access / current accounts, they will be automatically entered into Cahoot's 25th Birthday draw (first prize is £25k) taking place at the end of the year.

that makes me feel old as they launched with an interest-free credit card that I got in July 2000 - the brand wasn't used for easy access accounts until the last few years.

winkowinko

Looks like it's £2.5k across ALL cahoot accounts, so presumably includes the SDS.