The New Top Easy Access Savings Discussion Area

soulsaver

Cahoot: I love 'em.

I'll do-the-dance with anybody for a good rate on my cash holdings; but Cahoot especially brilliant as an adjunct to St. Ander..

And you can often exploit clunky functionality. DYOR.

SH88SH88

danthemoneysavingman said:

cahoot: well worth avoiding

[[ADDENDUM: £25 cashback however through TopCashBack atm well worth it! ]]

Thought i'd add this from my recent experience in case anyone foolish enough to consider cahoot for savings.

first, they are not part of the Faster Payments service, so you're looking at a couple of days for deposits to show up.

100% contrary to my Cahoot experience(s).

I've found Cahoot to be (subjectively) in my Top 2 for speed (the other being Marcus). Payments into/from Cahoot seem almost as instant as you can get. The website could be jazzier ( if that's anyone's thing), but it functions well and the App *cough* Santander *cough* works well. All-in-all, high marks for Cahoot. 

happybagger

I find cahoot spot on, with Santander as my current account transfers either way are instant and it's handy for the Reg Savers each month, as Santander can see the originating funds are from my account.

I'm not interested in apps so that doesn't concern me in the slightest

jaypers

Apart from a slightly unwieldy logon process, Cahoot are great and transfers both ways are pretty much instant. 

friolento

danthemoneysavingman said:

cahoot: well worth avoiding

[[ADDENDUM: £25 cashback however through TopCashBack atm well worth it! probably]]

Thought i'd add this from my recent experience in case anyone foolish enough to consider cahoot for savings.

first, they are not part of the Faster Payments service, so you're looking at a couple of days for deposits to show up.
If indeed they show up at all because i got informed of some kind of "problem" after a couple of days. Cannot imagine what that problem would have been. I was just grateful to get my money back a week sooner than I expected.

Second, (and i used to work for them 25 years ago), the website has not been updated in 25 years by the look and feel of it. Which is annoying as the world has moved on a lot since then.
Very much like my experience of opening a "first direct" account, which they're always singing about on here - website not updated in nearly 30 years, clunky, non-user-friendly - and I din't even get a good call centre experience as it is all automated with delays in it nowadays, it seems.

Anyways, my recent user experiences over, maybe it will help someone. probably lost in this thread but hey ho!

Byeeeee!

My Cahoot deposits and withdrawals have always been instant and they have some fabulous rates for instant access accounts. I have no complaints about their online banking.

May be as an ex-employee you are on a special watch list?

AndyTh_2

Not a usual spot to expect it, but Coinbase has Clearbank as a partner for FSCS protected easy access savings account with 3.75% AER interest paid daily within Coinbase website and app.

soulsaver

AndyTh_2 said:

Not a usual spot to expect it, but Coinbase has Clearbank as a partner for FSCS protected easy access savings account with 3.75% AER interest paid daily within Coinbase website and app.

I had to produce evidence on a LPoA's financial activity for the Office of the Public Guardian recently.

There is a page requiring their banks, accounts numbers, current balances and transactions for the last 2 years.

Then, separately, there was a question specifically about whether the Donor had an account with Clearbank?

ASAICS it's a standard form, including the question.  

AndyTh_2

soulsaver said:

AndyTh_2 said:

Not a usual spot to expect it, but Coinbase has Clearbank as a partner for FSCS protected easy access savings account with 3.75% AER interest paid daily within Coinbase website and app.

I had to produce evidence on a LPoA's financial activity for the Office of the Public Guardian recently.

There is a page requiring their banks, accounts numbers, current balances and transactions for the last 2 years.

Then, separately, there was a question specifically about whether the Donor had an account with Clearbank?

ASAICS it's a standard form, including the question.  

yep it's a worry for any sort of savings marketplace as well I think when dealing with the banks, but since most are retail and Clearbank is one of only few that don't have retail presence.

Chip use Clearbank too, but I guess that's where you had to deal with it.

Archerychick

danthemoneysavingman said:

cahoot: well worth avoiding

[[ADDENDUM: £25 cashback however through TopCashBack atm well worth it! probably]]

Thought i'd add this from my recent experience in case anyone foolish enough to consider cahoot for savings.

first, they are not part of the Faster Payments service, so you're looking at a couple of days for deposits to show up.
If indeed they show up at all because i got informed of some kind of "problem" after a couple of days. Cannot imagine what that problem would have been. I was just grateful to get my money back a week sooner than I expected.

Second, (and i used to work for them 25 years ago), the website has not been updated in 25 years by the look and feel of it. Which is annoying as the world has moved on a lot since then.
Very much like my experience of opening a "first direct" account, which they're always singing about on here - website not updated in nearly 30 years, clunky, non-user-friendly - and I din't even get a good call centre experience as it is all automated with delays in it nowadays, it seems.

Anyways, my recent user experiences over, maybe it will help someone. probably lost in this thread but hey ho!

Byeeeee!

Our Cahoot payments have always been instant, with no exceptions! I use the Santander app to withdraw money from my accounts which works well for us. 

hoppy2

Cahoot offers instant payments, decent interest rates and at least 60 days notice of a rate drop. Must be a disgruntled ex-employee?