The New Top Easy Access Savings Discussion Area

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%.

dgpur

https://forums.moneysavingexpert.com/discussion/comment/81986826#Comment_81986826

I have 10. I must have misread a reference to 15 somewhere.

masca

Any more thoughts on Lemfi, I wonder??? I've registered on the app, but the savings account isn't showing as available for me... but perhaps I have to fund the main account/wallet first? Or maybe I should just keep my other 'traditional' savings accounts and delete the Lemfi app??!! 😂 The interest rate gain for me would be approx. 0.5%. 🤔

friolento

https://forums.moneysavingexpert.com/discussion/comment/81987182#Comment_81987182

May be they have withdrawn the account whilst they are busy working out the correct amount of interest a 5% AER account pays after 6 months? Just a guess 😂

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81987182#Comment_81987182

Yep, need to fund before the savings product appears.

I stuck a tenner in there more out of curiosity than as a serious savings contender. Don't think I'll be taking it further unless their rate suddenly becomes very attractive.

Mr._H_2

https://forums.moneysavingexpert.com/discussion/comment/81987182#Comment_81987182

The rate is attractive for me having maxed out various other options - so yes, at first the savings account option didn't appear for me but it did after a few hours. I did a couple of test transactions in and out and then transferred a chunk (not all) of my savings over, but now I am unable to withdraw anything because when I go to the savings section, it just says "Error. Something went wrong, please […] refresh", and of course refreshing doesn't help. It does still show the correct amount deposited, I just can't interact with any of the interface that would allow me to make a withdrawal. I've sent support a message and await a response (haven't tried calling them as I do not require immediate access).

So, if you are of a nervous disposition, don't touch it with a bargepole, and whatever the case, certainly don't put all your savings in it without first verifying that it operates reliably over the course of an extended time period. Good luck!