The New Top Easy Access Savings Discussion Area

SnowMan

I've opened the Saga easy access account. No ID checks at all. All opened and accessible within about one minute.

I've no related savings accounts but do have a Saga insurance policy (that uses a different email to that registered for the savings account). So my guess is that that has enabled me to avoid the ID checks.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82071285#Comment_82071285

with existing payees, there should be a radio button to either pay now, or to schedule a payment..

the option is also there when setting up a new payee…

now in all honesty, i've never scheduled a payment from a Cahoot savings account (everything goes through their current account) - but that latter screenshot is from setting up a payee from a Simple Saver.

Pompeydave1967

https://forums.moneysavingexpert.com/discussion/comment/82071290#Comment_82071290

I’ve got an old easy access a/c with saga.co.uk with a rate of 3.69% but still managed to open a new 4.5% easy access in 2 mins.

Like yourself avoided all id checks.

wiseonesomeofthetime

https://forums.moneysavingexpert.com/discussion/comment/82071295#Comment_82071295

It does work. I have used it from a Sunny Day Saver account directly to a regular saver. One-off schedule payment (i.e. not as a regular payment/standing order - per Chase)

Sherbertfizz

https://forums.moneysavingexpert.com/discussion/comment/82070167#Comment_82070167

Have just clarified that withdrawals above £20,000 per day can be increased via a phone call without limit but that limit only lasts for 24hrs, and you still have to make withdrawals in amounts of no more than £10,000 (so 10 withdrawals for £100,000).

Opened account in minutes without any ID checks and £1 test deposit from nominated account appeared instantly.

gpman

https://forums.moneysavingexpert.com/discussion/comment/82071295#Comment_82071295

I used that function earlier this month, and payment was received this week on the day specified.

I think (but I may be confused as I set up a couple of scheduled payments with different providers) but when you select a forward date, it then gives an option to make it a repeating payment - so a standing order.

I don't have a cahoot current account, as there is no requirement. No nominated external account either, you can pay who you want. and pay in from wherever (subject to usual checks and safeguards)

I didn't even know cahoot ever offered current accounts; they now operate as a dedicated savings arm of Santander.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82071396#Comment_82071396

Cahoot - re "I didn't even know cahoot ever offered current accounts"

I still have my Cahoot debit card (expired 2019) with Cahoot cheque book, paying in book and a pile of Cahoot cheque deposit envelopes (used to pay in at a post office)

My "current" account is still there, but suspect it is a savings account now as there is no overdraft facility and they no longer issue me replacement debit cards, not sure what would happen if I wrote a Cahoot cheque, would they honour it?!

janusd

https://forums.moneysavingexpert.com/discussion/comment/82071408#Comment_82071408

off-topic, but Cahoot do send replacement cards - just checked online and the option is still there for me to order one (Account services → other services)…. perhaps if you cannot see it, then as you suspect it is not a current account - calling them would be your only option… they continue to send them automatically for me every few years.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82071295#Comment_82071295

Yes, see where I'm mistaken now. I've always taken scheduled payment functionality to mean setting up, in effect, a standing order - so pay someone £10 every 1st of the month for a year.

Seems scheduled payment here is taken to mean a single payment which should happen on a future date - what I would call a future-dated payment.

Probably a hangover from when I worked on big corporate payment systems, different names for the same thing.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82071295#Comment_82071295

Cahoot scheduled payments

Just to confirm. I use it for most of my deposits to RSs. Works from both, SS and SDS. Payments leave Cahoot accounts at around 5-6am including weekends.