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Cahoot launches new two-year fixed rate bond paying 2.40%

12th February 2013 Print

Following the launch of several successful one year bonds during 2012, cahoot is launching a new two-year fixed rate bond paying 2.40 per cent AER.  The bond is available from 12 February to 12 March 2013 (subject to availability).
On maturity, the bond converts into a new cahoot savings account with on-line access and a tiered variable rate, dependant upon the balance in the account.
Matt Hall, Head of cahoot, said: "Term products are currently very popular as savers look for a fixed return in an unpredictable market, so cahoot has launched a two year bond, paying a guaranteed fixed rate of 2.40%.  This bond will be a limited offer, so customers will need to buy early to avoid missing out."

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