cahoot joins the 7% club

From 16 July cahoot will launch a special 12-month bond paying a competitive 7.01% gross/AER. Customers should be happy to lock away between £1,000 up to £2m for the term in order to receive this fantastic rate. This is a strictly limited offer and will be subject to availability.

cahoot is part of Abbey, which is backed by the financial strength and stability of Santander - a top ten global bank by tier one capital, profit and market capitalisation.

cahoot 12 month Bond (Issue 1)

For customers who want a guaranteed rate of interest for a fixed period of time, the 12-month bond offers the below rates:

Annual

Term - Tier - Gross rate p.a./AER - Net rate p.a.

12 months - £1,000 upto £2m - 7.01% - 5.61

Minimum investment is £1,000, maximum investment is £2,000,000.

Customers can apply for the bond by visiting the cahoot website at www.cahoot.com This bond is on offer from 16th June 2008 until 31st August 2008 (subject to availability).

Matthew Timms, Head of cahoot, said "The current environment for savers is exceptional. This highly competitive bond complements cahoot's existing range of competitive products, and with the financial backing of one of the worlds largest banks savers should have piece of mind from product to provider"