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.
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