Cahoot raises interest rates for savers with over £1m
Tuesday, 08 Apr 2008 12:33
Cahoot has raised its interest rates for savers – but only for those with a million in the bank.
The online savings bank has also increased its maximum deposit from £1 million to £2 million.
Those with £1 million can now earn 6.35 per cent on their savings, up from 5.25 per cent.
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."
Online bank cahoot, a division of Santander-owned Abbey, will be changing its rates from today.