The New Top Easy Access Savings Discussion Area

Hattie627

Thanks for the replies, very helpful.

I've actually got 2 X Cahoot Sunny Day Savers each holding £3K instant access at 5%. The overspill of instant access funds are held in the Simple Saver.

I've seen discussion about opening more than 2 Sunny Day Savers but would feel that having two is already more than allowed.

I always leave moving funds from instant access to current account to feed Regular saver SO's to the last day, so cutting it fine if there is a delay.

Yes, I'm going to refresh my Simple Saver Issue 10 to Issue 16 on or after 11 May (assuming available)

SH88SH88

https://forums.moneysavingexpert.com/discussion/comment/81984096#Comment_81984096

One thing to note, If I remember correctly… absolutely nothing happens at a weekend/Bank Holiday with Skipton, not even an INTERNAL transfer.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81984096#Comment_81984096

@ Hattie627 - Thought of upgrading your Simple Saver account to another 'Sunny Saver' and also applying for a new Sunny Saver before hand to cover the full £5k between 2 accounts? 😉

Iaapita

https://forums.moneysavingexpert.com/discussion/comment/81982803#Comment_81982803

I was still on issue 71 when I opened the account a few months ago, so just opened issue 74.

Took an hour or so for new account to show, but the option to close and transfer to new was there.

I like the monthly interest option with Charter, but site seems clunky and not keen on the Login compared to Cynergy, so will transfer to them I think as interest is a little better.

SH88SH88

Cahoot

Can anyone please confirm if transfers (outward ... to another bank or BS) are still almost instantaneous on a UK Bank Holiday ? Thanks in advance.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/81984969#Comment_81984969

Yes I believe it is as quick

flaneurs_lobster

CAHOOT

They (or rather Santander) are a direct participant in the UK Faster Payments Service so transfers should be near-real-time 24/7/365 (to another direct participant), barring any scheduled maintenance to either participant or the FPS.

StayinAlive

Cahoot

So after 12 months, SS and SDS accounts "mature into a savings account".

Has anyone had this happen yet (not sure when the above a/c's started) and, if so,

what interest rate are they giving? I can't find any more details on their web site.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/81984992#Comment_81984992

1% I think, although you can upgrade it easily to a new issue SS (Issue 16 4.17% AER) or a SDS (3K only Issue 6 5% AER)

janusd

https://forums.moneysavingexpert.com/discussion/comment/81984992#Comment_81984992

when you login and look at the account, it should show the opening date - note that that account's visible start date will not change after any upgrade.

also, weeks before any maturity, you will be sent a reminder - so check your e-documents section cos if its occuring soon, it will be in there… the letter will tell you the rate is dropping to 1% and suggest upgrading is an option.