cahoot re-enters fixed rate savings market - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

cahoot re-enters fixed rate savings market

cahoot re-enters fixed rate savings market

Category: Savings

Updated: 15/11/2011
First Published: 15/11/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Cahoot has returned to the fixed rate bond market with the launch of an internet and telephone operated two year offering.

The fourth issue of the fixed rate bond offers savers 4.01% yearly until 10 January 2014.

To access funds, savers must give six days' notice to shut the account and will incur 120 days' of lost interest. No additions are permitted.

At 4.01%, it is just below the market leader for its term, although a minimum investment of £25K may limit its appeal.

Four out of five Moneyfacts stars have been awarded.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close