The New Top Easy Access Savings Discussion Area

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.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81984146#Comment_81984146

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

Yes, I can confirm this. Instant 24/7.

flobbalobbalob

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

I got 2 calendar months notice by email that it will convert to a 1% saver. I upgraded to their 4.17% SS. Very simple to do. I really like Cahoot for it's long notice of interest changes. I would not like to miss out on this account.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/81984762#Comment_81984762

Got it thanks, I hadn't waited for new account to show, so that explains why I had no option other than linked account. I will try to remember to be more patient next time.

dgpur

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

I have the Cahoot Simple Saver as dropping to 3.55% on 26 May. From an email. Have I missed something?

janusd

https://forums.moneysavingexpert.com/discussion/comment/81986773#Comment_81986773

which Cahoot SS issue? I have 10,11,13 dropping to 4.15% on the 11th May; 14 is currently 4.05% and 15 is 3.55%.