Cahoot Sunny Day Saver 5%

friolento

https://forums.moneysavingexpert.com/discussion/comment/82125580#Comment_82125580

I haven't looked at the Trustpilot reviews for Cahoot, as I never consult Trustpilot for opinions on financial providers.

If you are guided by Trustpilot, and the Cahoot ratings are bad, you are doing the right thing to stay clear. If you are using expert guidance, such as you can get on the MSE Forum, you could have - like myself and many other forumites - earned 5% AER on your instant access savings for a considerable length of time. As they say, each to their own.

trickydicky14

https://forums.moneysavingexpert.com/discussion/comment/82125580#Comment_82125580

I've used Cahoot for years as well as Santander, never had any problems and the interest rate is good. What's not to like.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/82125589#Comment_82125589

What do you find clunky about it? I despise the ridiculously long OTP (a billion+ combinations) that Android can't copy and the fact that all payees to yourself are listed with the same name.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82126540#Comment_82126540

I can see the clunkiness @jimjames points out. When you compare to the modern fintechs, Santander's interface (white labelled for Cahoot) could be described as "retro" to be kind. But a reliable 1980s tractor is fit for purpose if you just want the best harvest. I've no interest in making compromises for appearances' sake.

subjecttocontract

I agree, when an organisation offers an attractive interest rate I'm prepared to put up with quite a high degree of aggravation to get a piece of it.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82126739#Comment_82126739

Case in point: Monmouthshire's app.

I too find Cahoot (and Santander's web interface) a tad outdated, same goes for Nationwide, but it doesn't stop me using them.

jimjames

https://forums.moneysavingexpert.com/discussion/comment/82126786#Comment_82126786

I had one of the first Cahoot current accounts in around 2001/2002. The interface hasn't changed much in that time which certainly explains the dated look!

friolento

https://forums.moneysavingexpert.com/discussion/comment/82127741#Comment_82127741

I also had a Cahoot account for a couple of decades, long before app banking became fashionable. I can't remember what the original Cahoot online banking looked like but Santander obviously felt it was better / may be cheaper to adopt the Santander online banking, and switched to it in March 2016.

PixelPound

If using for an emergency fund, it's good due to the quick transfers you expect from banks rather than the delayed you get from BSocs

Slinky

I opened and funded Cahoot accounts for myself and OH before we went on holiday a couple of weeks back. Only just been able to register to login, and have found that we've both got 3 Sunny Day Saver accounts. We each have a single account, a joint account and one other with a nil balance. Is that normal? Or have we struck lucky and got a 3rd account each we can fund with another £3K and get 5%?