The New Top Easy Access Savings Discussion Area

clivep

https://forums.moneysavingexpert.com/discussion/comment/81892495#Comment_81892495

No need to do the downgrade first… You can renew an SDS by upgrading it directly to a SDS. The a/c details stay the same and show the original opening date, but you get the accrued interest paid and the 12 month bonus clock is reset.

janusd

https://forums.moneysavingexpert.com/discussion/comment/81892678#Comment_81892678

I think that is only the case if you can upgrade to a newer issue.

if I choose upgrading a SDS, i'm only shown my Simple Savers as dropdown options; if I choose to upgrade a Simple Saver, i'm shown the Simple Savers not of the current issue and all my SDS.

clivep

https://forums.moneysavingexpert.com/discussion/comment/81892723#Comment_81892723

You are quite correct.

My original SDS issue 5 sole & joint a/cs were closed and then opened again last June/July in order to push the new 12 month maturity date into the 26-27 tax year.

It was indeed the SDS issue 3 ones that were upgraded last August.

Bridlington1

@soulsaver

Chip Instant Access now 4.2% (includes 0.8% bonus for new customers)

hoppy2

Does anyone know if I try to upgrade my 4.4% simple saver (don't know issue number but its nearly a year old) will it go down to the 4.05% one so really a downgrade?

happybagger

https://forums.moneysavingexpert.com/discussion/comment/81892997#Comment_81892997

Yes, because the current issue offered is 4.05%

You won't be able to upgrade to a no-longer-available account!

Sherbertfizz

Apologies if this has been covered elsewhere. I see from Moneyfactscompare today that Mansfield Building Society is offering a Triple Access Bonus Saver at 4.25% (includes 1% 12m bonus). It's a bit of a faff to open as can only be done in branch or by post. Three penalty-free withdrawals per year allowed (including closure).

Can't see it listed in the @soulsaver top ten - is this because of the restrictive terms? Or has it only just appeared?

Triple Access Bonus Saver (1st issue) - Mansfield

Thanks all

Update: Have spoken with Mansfield - there is an downloadable application form on the website which needs to be posted. I'm told that if you're on the electoral role, ID not required. Here's the link if anyone up for old school transactions!

Useful Downloads for Savers - Mansfield Building Society

gpman

https://forums.moneysavingexpert.com/discussion/comment/81893661#Comment_81893661

Yes, soulsaver only lists accounts "available to open & manage online" in the ToTP.

It might gain a mention in the trail if you are lucky

happybagger

Cahoot upgrades

If you "upgrade" a cahoot account before it's anniversary, does the interest get paid when it's upgraded, or stays with the original anniversary date?

I have a simple saver where I want to bring the interest into the current tax year rather than next, this way would be better than calling them to close it, if it works that way.

clivep

https://forums.moneysavingexpert.com/discussion/comment/81894638#Comment_81894638

Yes, it gets paid when upgraded.

The 12 month anniversary for annual interest and any 12 month interest bonus period get reset to using the date of upgrade.