Internet bank cahoot has announced that it will be launching its new easy-access savings account from January 18th.
This savings account offers a savings interest rate of 4.85 per cent annual equivalent rate (AER), which is "one of the highest" savings interest rates available on the market for new and existing customers, cahoot said.
A balance of up to £250,000 can be held in the savings account and unlimited deposits and withdrawals can be made.
John Goddard, managing director at cahoot, said: "With this savings account, what you see is what you get.
"This is not a limited offer, there are no catches and no frills, just a really good rate."
Meanwhile, for individuals wishing to invest between £15,000 and £100,000, the cahoot bonus savings account is still offering a savings interest rate of 4.93 per cent AER until January 17th.
Customers interested in either of the savings accounts can contact cahoot via the provider's website or by phone.
Abbey, the parent company for cahoot, is one of the UK's leading personal financial services companies.
The company's range of services includes mortgages and savings, bank accounts, loans and credit cards, long-term investments including pensions and unit trusts, life, critical illness and unemployment cover and household insurance. It also provides offshore banking for expatriates.
Abbey is the sixth largest bank by assets and the second largest provider of mortgages and savings in the UK.
Savings account offer by cahoot
Savings account offer by cahoot
Fri, 06 Jan 2006
Recommended links
Online savings bond offered by West BromCompare todays top savings account providers
How to choose savings and investments
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Savings accounts flourishing, expert claims - Fri, 18 Jul 2008 |
| Inflation warning over savings accounts - Thu, 17 Jul 2008 |
| Savings accounts vital for tough times, expert claims - Tue, 15 Jul 2008 |
| More News |
