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Cahoot launches six-month bond paying 6.87%

30th April 2008 Print
cahoot has announced the launch of a short-term fixed-rate bond paying 6.87 per cent AER. The bond is available from 30 April 2008 to 31 May 2008 (subject to availability), and customers can apply online at cahoot.com.

On maturity, the bond converts into the cahoot savings account. The cahoot Savings account is placed by Moneyfacts in their top five most consistent internet savings accounts. The cahoot savings account is instant access, offers annual or monthly interest and maintains the same rate with unlimited withdrawals.

Reza Attar-Zadeh, Director of Savings and Investment, cahoot said "cahoot is committed to encouraging a culture of saving. cahoot offers consistently strong savings rates on all its accounts, and this is an excellent rate for savers prepared to lock away their money for six months."