The New Top Easy Access Savings Discussion Area

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82085921#Comment_82085921

My account actually matures on the 5th so if l upgraded late evening of the 4th l will get more or less the full interest due?

So whenever you upgrade you will get any interest up to that point?

janusd

https://forums.moneysavingexpert.com/discussion/comment/82085929#Comment_82085929

yes - interest is usually paid next working day (sometimes 2 if it's a weekend).

aren't you just upgrading a 5% account to another 5% account - so there is no "loss" of interest in upgrading early… I suppose you could argue that you would lose a few days interest this time next year if you upgraded now, but there will be a new SDS issue before that situation occurs.

the risk of delaying would be if Cahoot replaced the current issue with a lower one before the 4th - unlikely I would have thought, but you never know.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82085940#Comment_82085940

Thank you very much for the reply. The information was very helpful to me.

janusd

@soulsaver - the Plum Easy Saver at 4.52% has gone NLA (replaced by 3.05% - 3.65% dependent upon subscription tier).

oz0707

Apologies if i've missed the boat here on this.

I see Saga are offering a 4.5% account. It's one of the best ones with non app only access. I tried to open through my existing account log in but it seems Saga have been taken over. I have followed the link provided by moneyfactscompare.com I am guessing this is all above board?

Thanks

Rheumatoid

https://forums.moneysavingexpert.com/discussion/comment/82087643#Comment_82087643

Effectively Natwest

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82085940#Comment_82085940

Cahoot interest payments

I think it's next day including weekends. Over the last couple of years, I've made many additions and upgrades at random dates. Some of them must have fallen on weekends, and I'm sure I always had interest paid on the set date. The same for Santander. Have you had any interest payments delayed because of weekends?

oz0707

Unfortunately I have an Ulster account at 4.25% and these now share fscs with Saga. Luckily I spotted that the Ulster log in is very similar to Natwest

Barney1954

https://forums.moneysavingexpert.com/discussion/comment/82087747#Comment_82087747

Thanks, I missed that, I've a house comimg up and I was going to split funds between Ulster and Saga for a month.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82088014#Comment_82088014

Don't know what your balance might be after the sale but FSCS protection is increased to £1.4M after a "life event" (house sale, inheritance..) for 6 months.

https://www.fscs.org.uk/making-a-claim/claims-process/temporary-high-balances/