Finance Choices
Cahoot Savings Account
With a Cahoot Savings Account your money will be working harder for you, as you'll be earning up to 5.1% on all your in-credit balance.
Unlike some banks, your interest is calculated daily so you'll be earning on all your balance at all times, and all interest is deposited straight into your account every month. This great feature means that you can easily transfer any excess funds you have into the account whenever is suitable for you and start earning interest on it immediately.
Accessing your money is simple, you can transfer funds to any other account at any time with no access restrictions. You can access your money 24 hours a day, 365 days a year. No bank holidays, no weekend closing. Your money, when you want it.
If you already have a Cahoot current account then applying for a Cahoot savings account makes perfect sense and enables you to keep all the benefits of banking with Cahoot neat and tidy.
Summary
Applying for your Cahoot Savings Account is an easy and straightforward process. Simply click the link below and fill in the questions on the Cahoot website and away you go.
Apply for your Cahoot Savings Account now
PS See how the Cahoo Savings Account compares with other savings accounts
Unlike some banks, your interest is calculated daily so you'll be earning on all your balance at all times, and all interest is deposited straight into your account every month. This great feature means that you can easily transfer any excess funds you have into the account whenever is suitable for you and start earning interest on it immediately.
Accessing your money is simple, you can transfer funds to any other account at any time with no access restrictions. You can access your money 24 hours a day, 365 days a year. No bank holidays, no weekend closing. Your money, when you want it.
If you already have a Cahoot current account then applying for a Cahoot savings account makes perfect sense and enables you to keep all the benefits of banking with Cahoot neat and tidy.
Summary
- Monthly interest deposited directly into your savings account.
- 24 hour access, 365 days a year
- Each month you can transfer any excess funds to your cahoot savings account and maximise the interest you earn.
- If you already have a current account, by also taking a savings account, you can keep all the benefits of banking with cahoot.
Applying for your Cahoot Savings Account is an easy and straightforward process. Simply click the link below and fill in the questions on the Cahoot website and away you go.
Apply for your Cahoot Savings Account now
PS See how the Cahoo Savings Account compares with other savings accounts
posted by Barbara Gordon at 4:45 PM
Cahoot Savings Account
9 Comments:
Hello all,
I want to set-up an instant access account and cahoots intrest seem to be good. What are the minimum payments needed to be going into the account for the intrest rate to remain the same? Is it best to set up a current account aswell - what would be the benifits?
Thanks
Rich
For their saving account there is no requirments for minimum monthly credits.
The only advantage of the current account is 4% interest rate and fee-free interest-free £100 overdraft.
Sounds good. The interest rate on the savings account seems very high - higher then some accounts that require montly pay-in. Is it likely to change? And can you reasure me that I can get instant access to my money if I need it please.
The current account does not intrest me as I have no need of an overdraft at the moment.
Any additional help/advice would be appriciated.
Thanks
Yes, I can, although I am not Cahoot and everything can happen. However, it is not the best account on the market. For example, A&L Online Saver pays 5.15% (max. balance £25K). And best regular saving account pays 10% on £250 p.m.
Not sure if it helps, but I've been with Cahoot for the last 3 years with a current account and 2 savings accounts and I have found them VERY good. I had a HSBC current account before which obviously had a crap interest rate so as I always had over £1.5K in my current, why not earn a bit of interest on it, so I swapped to Cahoot which was also very easy......
As of today 22nd March, Cahoots rate for the previous 5.3% savings account (Opened between 24th June 2004 and 1st September 2004) has been reduced to 5%.
================================================== ========
Savings rates for introductory rate accounts available between 24 June 2004 and 1 September 2004
Account balance AER/Gross p.a.
Up to £49,999 5.00%
£50,000 to £249,999 4.50%
£250,000 + 4.00%
Interest is calculated daily based on the amount in your account at the end of each day and is added to your account annually. Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the amount of funds held within that tier and not the total balance. e.g. an account balance of £60,000 will attract an interest rate of 5.00% up to £49,999 and 4.50% on the remaining £10,001
================================================== ========
Thanks
Daniel
When did they last downgrade their rate or are they likely to follow the downward spiral?
It still is a good rate, and they've hung on to it longer than most - I'll stick with it for now...
Thanks for the info. Still a great rate, especially when used in tandem with the current account and given the ability to "pull in" funds via direct debit. Having opened a Coventry First account last week (5.1% AER for the first year with bonus - £1000 per month funding requirement) I think I'll be diverting future savings to there for a while.
Post a Comment
<< Home