The New Top Easy Access Savings Discussion Area

Yellowman

I have seen very little discussion of this Lemfi offering on here. Is there something to be wary of?

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81994835#Comment_81994835

Unfamiliarity I guess, rather than wariness. The savings product is held at Clearbank so is covered by the usual guarantees. I've stuck some funds with them, it'll be useful if my Cahoot SDSs are filled or fall.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81994861#Comment_81994861

Same here, but logging in my spreadsheet, that the boost upto 5% only lasts for 6 months from date of account opening.

happybagger

https://forums.moneysavingexpert.com/discussion/comment/81994095#Comment_81994095

For anyone inclined, they stll have the branch version available.

gwapenut

The Lemfi website is too glitchy for my liking. I can't even bring up the savings T&Cs, which they tell me to refer to for certain questions.

My spidey senses are telling me to give this one time to stabilise before jumping in.

DaveG247

https://forums.moneysavingexpert.com/discussion/comment/81995393#Comment_81995393

I've signed up logged in and deposited which all seemed easy but can't to open a savings account just says "nothing left to add" maybe I need to give it a few hours

SnowMan

Just a reminder that the Cahoot Simple Saver (issue 13) that was paying 4.4%pa AER reduced to 4.15% AER on 11th May.

I think the other versions that have been paying 4.4%pa AER (which I think are issues 10 and issue 11) similarly reduced to 4.15%pa AER on 11th May although I don't hold those so can't confirm that.

The currently available Cahoot Simple Saver (issue 16) is paying 4.17% AER so someone with an issue 13 (or 10 or 11) might want to upgrade to that issue for a marginally higher rate and to restart the 12 months that the account runs for.