Cahoot Sunny Day Saver/Simple Saver/Fixed Rate Bonds - Upgrade Available

sparky0138

When I logged into Cahoot the other day, I noticed an upgrade link on my accounts page which I've not seen before. My Sunny Day Saver (interest rate 4.75%) was due to end on the 31st and I was able to upgrade to the latest issue which is 5% so it's possible it's not there all the time, maybe just when an account anniversary is coming up.

I've searched and I don't think it's been posted about before. I thought some people might benefit from this option as there have been questions about being able to open a new account when the old one ends.

The upgrade link also works for the Simple Saver and 1 and 2 Year Fixed Rate Bonds.

friolento

Posted and discussed for the last few days in the Top Easy Access Accounts thread.

sparky0138

friolento said:

Posted and discussed for the last few days in the Top Easy Access Accounts thread.

Thanks. I searched a few times with different keywords. I wonder why it didn't come up. Oh well, maybe my post will help someone who, like me, didn't see it.

slinger2

For their Sunny Day Saver their site still says (https://www.cahoot.com/products-and-services/cahoot-sunny-day-saver):

Things to keep in mind ...

• You can have a maximum of 1 sole account and 1 joint account per person.

but does nothing to enforce such a rule. In their T&Cs it says:

"If you don’t keep to these terms, we might switch your account to a cahoot Savings Account."

hoc

friolento said:

Posted and discussed for the last few days in the Top Easy Access Accounts thread.

Who would search through hundreds of posts in a general thread?

sparky0138 said:

friolento said:

Posted and discussed for the last few days in the Top Easy Access Accounts thread.

Thanks. I searched a few times with different keywords. I wonder why it didn't come up. Oh well, maybe my post will help someone who, like me, didn't see it.

Did the right thing posting here.

masonic

hoc said:

Did the right thing posting here.

Well it's certainly more likely to come to the attention of Cahoot and get shut down now.

AndyTh_2

masonic said:

hoc said:

Did the right thing posting here.

Well it's certainly more likely to come to the attention of Cahoot and get shut down now.

which bit? the part about upgrade available showing? I don't see slinger2's comment referred to by those posters

Bobblehat

hoc said:

friolento said:

Posted and discussed for the last few days in the Top Easy Access Accounts thread.

Who would search through hundreds of posts in a general thread?

Me! ..... sometimes I just have to, in order to find something relevant to an intended account transaction/closure/opening etc!

slinger2

It's difficult to believe that cahoot are not aware of what's happening. But for whatever reason they're choosing to ignore it. at least for now.

NorthYorkie

I managed to open a new Sunny Saver at 5% and transfer the funds from the old Sunny Saver at 4.65%. Couldn't see any easy way of closing the old account, so left it. Both accounts are still showing up when I log in, so Cahoot don't seem to be enforcing the '1 account' rule.
CORRECTION; I have just noticed that my old Sunny Saver account has been re-classified as a savings account.

DRS1

NorthYorkie said:

I managed to open a new Sunny Saver at 5% and transfer the funds from the old Sunny Saver at 4.65%. Couldn't see any easy way of closing the old account, so left it. Both accounts are still showing up when I log in, so Cahoot don't seem to be enforcing the '1 account' rule.
CORRECTION; I have just noticed that my old Sunny Saver account has been re-classified as a savings account.

Does it allow you to upgrade it to a new Sunny Day Saver?