Rates

cahoot savings account

Your savings account that rewards you for saving your hard earned cash with cahoot.

Variable Savings rates for savings accounts:

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Rates for interest paid annually:
account balanceAERGross
£1 plus 0.50%     0.50%    
£50,000 plus 0.55%*** 0.55%***
£100,000 plus 0.60%*** 0.60%***
£250,000 plus 0.76%*** 0.76%***
£500,000 plus 1.01%*** 1.01%***
£750,000 plus 2.50%*** 2.50%***
£1,000,000 plus 2.50%*** 2.50%***
£2,000,000 plus 0.50%*** 0.50%***

Rates for interest paid monthly:
account balanceAERGross
£1 plus 0.50%     0.50%    
£50,000 plus 0.55%*** 0.55%***
£100,000 plus 0.60%*** 0.60%***
£250,000 plus 0.76%*** 0.76%***
£500,000 plus 1.01%*** 1.01%***
£750,000 plus 2.47%*** 2.47%***
£1,000,000 plus 2.47%*** 2.47%***
£2,000,000 plus 0.50%*** 0.50%***
The maximum investment amount is £2,000,000. Deposits of more than £2,000,000 will receive a variable rate of 0.50% gross /AER annually and 0.50% gross /AER monthly.

These rates are variable and correct as at 1st May 2010. Gross/AER assumes that the deposit was made on 1st May 2010.

***These tiered variable interest rates are only applicable until 31st May 2011. From 1st June 2011 you will receive the variable rate applicable to balances from £1 on all the money in your account

‡ Click here to see previous rates (opens new window)

Annual or monthly interest can be chosen at account opening. Once chosen it cannot be altered at a later date.

Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the total balance.
Rates subject to variation.

For information about the Bank of England Repo Rate or 'Base Rate' please visit www.bankofengland.co.uk (opens new window).


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cahoot fixed rate loan- (Not currently on sale).

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Cash deposited into the cahoot current account will earn interest from the following working day. Rates subject to variation. Interest for non introductory savings account and current account is calculated daily based on the amount in your account at the end of each day and added to your account each month.

cahoot is a division of Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England.

www.santander.co.uk. Telephone 0870 607 6000 calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority except in respect of its consumer credit products for which Santander UK plc is licensed and regulated by the Office of Fair Trading. FSA registration number 106054.

Santander UK plc advises on mortgages, a limited range of life assurance, pension and collective investment scheme products and acts as an insurance intermediary for general insurance.