Cahoot raises interest rates on savings accounts

Following recent changes in the Internet savings market, cahoot has decided to increase the rates on the cahoot savings account.

£500k to £1m tier is increasing 0.10 per cent to best in market.

cahoot savings account is instant access, offers annual or monthly interest and offers no penalties for withdrawal.

Reza Attar-Zadeh, Head of Savings, said “There has been a lot of competitor activity in the internet savings market recently and we wanted to make sure that cahoot continues to reward our customers with market leading rates. By increasing the rates to 6.45 per cent for balances of £500,000 to £1m we are ensuring that the account remains the best in the market on this tier.”