Santander digital banking offshoot cahoot increases interest to 5.12% on Simple Saver account
cahoot, the UK-based online bank, has today increased the interest offered on its Simple Saver account. cahoot Simple Saver (issue 2) now pays customers 5.12% AER/gross variable rate interest for 12 months, on balances up to £500,0001.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Simple Saver (issue 2) is an easy access account which lets customers deposit as often as they like, as well as withdrawing their funds without any fees or restrictions.
A customer with £10,000 saved in the account will earn £512 a year in interest.
The account can be opened online with a minimum opening balance of £1. The Simple Saver can be opened as either a single or joint account.
To be eligible for the cahoot Simple Saver account, customers must:
be a UK resident
be aged 16 or over
be registered or will register for Online Banking with a valid email address.