rates and fees

cahoot offers 24-hour Internet banking†. You can carry out online banking transactions whenever you want and it won't cost you a penny - except for your own Internet or telephone connection. If there is a charge, such as for a copy of a statement, we will let you know the cost up-front so that you can make an informed decision about your banking options.

Jump to cahoot current account, savings account, credit card, flexible loan, fixed rate loan or fixed rate bond rates and fees.


In addition to the fees and charges listed on this page, you will be responsible for any other reasonable costs which cahoot incur as a result of your failure to carry out your obligations including but not limited to the cost of notifying you about any failure to meet your obligations and enforcing payment of any amounts due under the agreement.

cahoot current account

Your everyday banking transactions - deposits, cheques, standing orders, Direct Debits, transfers, and bill payments in the UK - are absolutely free.

Interest rates on your credit balance:

For screen reader users, please switch to tables mode to read the table below.

 without chequebookwith chequebook
account balanceA.E.R. without cheque bookGross p.a. without cheque bookA.E.R. with cheque bookGross p.a. with cheque book
up to £249,9993.75%3.69%3.65%3.59%
£250,000 +3.00%2.96%3.00%2.96%
‡ Click here to see previous rates (opens new window)

Overdraft interest rates

As a cahoot customer you'll automatically get a £100 interest-free overdraft buffer. The following table is an example based on a typical customer who requests an overdraft limit of £1,000.
The typical rate reflects a rating we anticipate offering to the majority of new customers. The rate that you are offered will depend on your credit rating and your agreed overdraft limit.

For screen reader users, please switch to tables mode to read the table below.
overdraft limitmonthly interest ratetypical A.P.R.
£1,0000.9367%11.8%


cahoot debit card charges

You can use the cahoot debit card at millions of outlets worldwide - wherever you see the VISA symbol. You'll have unlimited use of over 41,000 LINK cash machines in the UK and you can use any of the 700,000 VISA cash machines worldwide.

LINK network cash machinesNo charge
VISA cash withdrawal handling charge¹
(cash machine or over the counter)		1.5% withdrawn amount
(£1.50 minimum)*
Overseas Card usage:
VISA cash withdrawal handling charge		1.5% of the value (minimum £1.50)*
overseas commission chargeAdditional 2.25% of the withdrawal
or purchase amount

¹From banks, organisations or cash machines displaying the VISA symbol but which are not part of the LINK cash machine network.
Please allow for local bank holidays in the country where the beneficiary has his/her account.

* Please note that the purchase of travellers cheques or foreign currency with the card in the UK is treated as a Visa cash withdrawal and is subject to the same handling charge.

Other charges

Other services are charged based on the necessary administrative support, postage and other costs incurred.

Fixed rate loan paper statement£1
Duplicate cheque, voucher or summary of transactions£5
Bankers reference £10
Data Protection Subject Access Request £10
Foreign cheque processing fee£10
Stopped cheque£12
Returned cheque, Direct Debit or standing order£25
Late repayment on cahoot flexible loan, cahoot fixed rate loan£30 per late repayment
Late repayment on cahoot credit card£12 per late repayment
CHAPS payment£25
Large cash delivery charge£25
Unauthorised overdraft fee **£30
Unauthorised overdraft rate (A.P.R.)21.9%
** payable for each statement period during which you exceed your overdraft limit.

cahoot savings account

Your savings account that rewards you for saving your hard earned cash with cahoot.

Savings rates for savings accounts:

For screen reader users, please switch to tables mode to read the table below.
Rates for interest paid annually:
account balanceA.E.R.Gross p.a.
£1 plus 5.00%     5.00%    
£50,000 plus 5.25%*** 5.25%***
£100,000 plus 5.50%*** 5.50%***
£250,000 plus 5.75%*** 5.75%***
£500,000 plus 6.00%*** 6.00%***
£750,000 plus 6.25%*** 6.25%***
£1,000,000 plus 6.55%*** 6.55%***
£2,000,000 plus 5.00%*** 5.00%***

Rates for interest paid monthly:
account balanceA.E.R.Gross p.a.
£1 plus 5.00%     4.89%    
£50,000 plus 5.25%*** 5.13%***
£100,000 plus 5.50%*** 5.37%***
£250,000 plus 5.75%*** 5.60%***
£500,000 plus 6.00%*** 5.84%***
£750,000 plus 6.25%*** 6.08%***
£1,000,000 plus 6.55%*** 6.36%***
£2,000,000 plus 5.00%*** 4.89%***
The maximum investment amount is £2,000,000. Deposits of more than £2,000,000 will receive a variable rate of 5.00% gross p.a./AER annually and 5.00% AER (4.89% gross p.a.) monthly.

***You will receive this variable rate on this balance until 30th April 2009. From 1st May 2009 you will receive the rate applicable to balances from £1 on all the money in your account.

‡ Click here to see previous rates (opens new window)

Annual or monthly interest can be chosen at account opening. Once chosen it cannot be altered at a later date.

Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the total balance.
Rates subject to variation.

For information about the Bank of England Repo Rate or 'Base Rate' please visit www.bankofengland.co.uk/Links/setframe.html (opens new window).


Savings rates for cahoot fixed rate bond account:

For screen reader users, please switch to tables mode to read the table below.

Rates for interest paid:
account balanceA.E.R.Gross p.a.
£1 - £2,000,000 6.87%     6.76%    

The maximum investment amount is £2,000,000. Interest will be paid upon maturity. Upon maturity the cahoot fixed rate bond will transfer to a cahoot savings variable rate account.


cahoot credit card - (Not currently on sale).


cahoot flexible loan- (Not currently on sale).



cahoot fixed rate loan- (Not currently on sale).

a division of Abbey National plc

†Whilst we aim to provide 24 hour access to your accounts this service may very occasionally be reduced, for example when improvements / updates are made to the site.

A.E.R. stands for Annual Equivalent Rate and illustrates the interest rate as if paid and compounded each year. Gross p.a. means the yearly rate of interest before income tax deduction, if applicable. Cash deposited into the cahoot current account will earn interest from the following working day. Rates subject to variation. Interest for non introductory savings account and current account is calculated daily based on the amount in your account at the end of each day and added to your account each month.

cahoot is a division of Abbey National plc. Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. www.fsa.gov.uk/register. cahoot and Abbey are registered trademarks.