cahoot raises interest rates on savings account

cahoot will be changing its savings rates on 8 April 2008 with the launch of new tiers offering savers enhanced interest rates.

cahoot savings accounts are instant access, offer annual or monthly interest with no penalties for withdrawal. Customers will also now be able to save even more money with cahoot as the maximum balance on the accounts has increased from £1million to £2million.

Reza Attar-Zadeh, Director of Savings and Investment, cahoot said: “cahoot is committed to encouraging a culture of long-term savings. These changes reward loyal customers who save more with cahoot.”