Cahoot, the UK-based online bank, has today announced the launch of new competitive Fixed Rate Bond products.  The better than high street rates mean savers can safely lock away their money for a fixed term that suits their savings goals, and watch their cash grow with guaranteed returns.

Fixed Rate Bonds are available immediately:

  • 1 Year Fixed Rate Bond: 3.10% AER/Gross
  • 2 Year Fixed Rate Bond: 3.45% AER/Gross
  • 3 Year Fixed Rate Bond: 3.60% AER/Gross

All accounts are protected by the Financial Services Compensation Scheme (FSCS)1 up to £85,000 to provide customers with peace of mind.  A Fixed Rate Bond product can be opened with only a £500 deposit, with a maximum balance of up to £2 million. 

Cahoot has delivered safe and secure online banking for UK customers for over 22 years since 2000. It currently serves over 60,000 customers providing financial services including personal loans, savings, and current account services.  Find out more about cahoot savings accounts and financial services by visiting the cahoot website.  

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Notes to editors

1)    The Financial Services Compensation Scheme (FSCS) is a body, funded by the financial services industry, providing automatic protection if your bank, building society or credit union goes out of business. The FSCS covers financial services firms that have been authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) to do business in the UK. Santander UK plc is authorised to take deposits under this name as well as the cahoot and Santander Corporate Bank trading names. More information can be found here