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

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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 It is now over 6 months old so the content may be out of date.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.

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