savings - the penny has dropped, savers want great rates!

the features

  • Earn a great rate of up to 6.05%* gross p.a./5.28% AER on your savings.
  • No penalties for withdrawals, just generous rates for all customers
  • Annual or monthly interest deposited directly into your savings account
  • 24 hour access, 365 days a year**

This AER is correct as at 6th November 2008 and assumes that the deposit was made on 6th November 2008. This rate will change over time until 1st May 2009 when you will receive the rate applicable to balances from £1 on all the money in your account.

Making deposits & withdrawals

  • It’s easy to manage your account online
  • You can pay in money from your current account - whether or not you bank with cahoot
  • You can withdraw by transferring funds to your bank account - whether or not you bank with cahoot
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up to 6.05% gross p.a./5.28% AER up to 6.05% gross p.a./5.28% AER

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more about rates
a division of Abbey National plc

*The cahoot savings account rates apply as follows:
4.50% gross p.a./AER for credit balances under £50,000; and,
4.75% gross p.a./4.63% AER for credit balances of £50,000+ ***
5.00% gross p.a./4.75% AER for credit balances of £100,000+ ***
5.25% gross p.a./4.88% AER for credit balances of £250,000+ ***
5.50% gross p.a./5.00% AER for credit balances of £500,000+ ***
5.75% gross p.a./5.13% AER for credit balances of £750,000+ ***
6.05% gross p.a./5.28% AER for credit balances of £1,000,000+ ***

The maximum investment amount is £2,000,000. Deposits of more than £2,000,000 will receive a variable rate of 4.50% gross p.a./AER annually and 4.50% AER (4.41% gross p.a.) monthly.

***These rates are variable and correct as at 6th November 2008. The AER assumes that the deposit was made on 6th November 2008. From 1st May 2009 you will receive the rate applicable to balances from £1 on all the money in your account.

Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the total balance. Quoted rates are for interest paid annually. Monthly interest rates are available on request and on our rates and fees page.

** Whilst we aim to provide 24 hour access to your accounts this service may very occasionally be reduced, for example when improvements / updates are made to the site.

AER stands for Annual Equivalent Rate and illustrates the interest rate if paid and compounded each year. Gross p.a. means the yearly rate of interest before income tax deduction, if applicable. Rates are variable.

cahoot is a division of Abbey National plc. Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. www.fsa.gov.uk/register. cahoot and Abbey are registered trademarks.