Cahoot one-year fixed rate savings bond paying 3.65%

Following the success of issue 1, cahoot is launching a second market-leading one-year fixed bond (issue 2) paying 3.65 per cent AER.  The bond is available from 26 March 2012 to 23 April 2012 (subject to availability), and customers can apply online at cahoot.com.

On maturity, the bond converts into a new cahoot savings account which will be instant access with a variable rate.

Michelle Kent, Head of cahoot, said: "cahoot is pleased to offer our latest fixed rate bond which offers an excellent rate to savers looking for a fixed income.  As always, bonds are a limited offer, so customers wishing to take advantage should act now to secure these rates."