Cahoot’s fixed rate bond aims high - Savings - News - Moneyfacts

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

Cahoot’s fixed rate bond aims high

Cahoot’s fixed rate bond aims high

Category: Savings

Updated: 19/03/2009
First Published: 19/03/2009

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 It is now over 6 months old so the content may be out of date.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 launched a new 2 year fixed rate bond that has leapt into the upper echelons of the longer term fixed rate market.

Paying 4.01% gross/AER, this internet operated account requires a minimum £30K investment which must be new money to the Santander Group.

Maturing on 30 April 2011, if you need to access your money early, you will have to close the account and lose 120 days' interest, so it's best to make sure you can leave the investment untouched for the full two year term.

A rate sitting comfortably amongst the market leaders in its field has seen this product awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.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.