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 phone connection. If there is a charge, such as for a copy of a statement, we will let you know the cost so that you can decide whether you want to order it. (We try to provide internet banking at all times. However, the service may be reduced if we have to, for example, update the site.)

Jump to cahoot current account, savings account, credit card, flexible loan, fixed rate loan or 2 year fixed rate bond (issue 2) rates and fees.


As well as the fees and charges listed on this page, you will be responsible for any other reasonable costs which we may have to pay as a result of your failure to carry out your responsibilities. This includes the cost of letting you know about any failure to meet your responsibilities and making you pay amounts due under the agreement.

cahoot current account

Your everyday banking transactions - paying money in, writing cheques, setting up standing orders, direct debits and transfers, and paying bills in the UK - are absolutely free.

Interest rates on the money in your account

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

 Without a chequebookWith a chequebook
Account balanceAnnual Equivalent Rate Before tax each yearAnnual Equivalent RateBefore tax each year
up to £249,999 1.10% 1.09% 1.00% 1.00%
£250,000 + 0.10% 0.10% 0.10% 0.10%
‡ Click here to see previous rates (opens new window)

AER stands for annual equivalent rate and shows what the interest rate would be if we paid interest and compounded it (interest paid on interest) each year. Cash paid into your current account will earn interest from the following working day. These rates may change. We work out the interest for your account each day and pay it into your account each month.

Overdraft interest rates

As a cahoot customer you'll automatically get a £100 interest-free overdraft. The following table is an example based on a typical customer who asks us for an overdraft limit of £1,000.
The typical rate reflects a rating we expect to be able to offer to most new customers. The rate we offer you 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 APR
£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.

Using LINK network cash machinesNo charge
VISA cash withdrawal handling charge(see note 1)
(cash machine or over the counter)		1.5% of the amount you withdraw
(at least £1.50 minimum) (see note 2)
Using your card overseas
VISA cash withdrawal handling charge		1.5% of the value (at least £1.50)
Overseas commission chargeExtra 2.25% of the amount you withdraw
or amount you pay for goods or services

1 This applies from 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 you have your account.

2 We treat buying traveller's cheques or foreign currency with the card in the UK as a VISA cash withdrawal, so you will pay the same handling charge.

Other charges

We charge for other services based on the administration, postage and other costs we may have to pay.

A paper statement for a fixed rate loan £1
A copy of a cheque, voucher or summary of transactions£5
Banker's reference £10
If you ask to see the information we hold on you under the Data Protection Act£10
The fee for processing a foreign cheque£10
The fee for stopping a cheque£12
The fee for returning a cheque, direct debit or standing order£25
Late repayment on a cahoot flexible loan or cahoot fixed rate loan£30 for each late repayment
Late repayment on cahoot credit card£12 for each late repayment
CHAPS payment£25
Charge if you withdraw more than £600 (up to £2500)£25
Unauthorised overdraft fee (see note 3)£30
Unauthorised overdraft rate (APR)21.9%
3 You pay this for each statement period when you are over your overdraft limit.


Plain English Campaigns Crystal Mark does not apply to the following text.

cahoot savings account

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

Variable 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 balanceAERGross
£1 plus 0.50%     0.50%    
£50,000 plus 0.52%*** 0.55%***
£100,000 plus 0.54%*** 0.60%***
£250,000 plus 0.61%*** 0.76%***
£500,000 plus 0.71%*** 1.01%***
£750,000 plus 1.33%*** 2.50%***
£1,000,000 plus 1.33%*** 2.50%***
£2,000,000 plus 0.50%*** 0.50%***

Rates for interest paid monthly:
account balanceAERGross
£1 plus 0.50%     0.50%    
£50,000 plus 0.52%*** 0.55%***
£100,000 plus 0.54%*** 0.60%***
£250,000 plus 0.61%*** 0.76%***
£500,000 plus 0.71%*** 1.01%***
£750,000 plus 1.33%*** 2.47%***
£1,000,000 plus 1.33%*** 2.47%***
£2,000,000 plus 0.50%*** 0.50%***
The maximum investment amount is £2,000,000. Deposits of more than £2,000,000 will receive a variable rate of 0.50% gross /AER annually and 0.50% gross /AER monthly.

These rates are variable and correct as at 1st January 2010. Gross/AER assumes that the deposit was made on 1st January 2010.

***These tiered variable interest rates are only applicable until 31st May 2010. From 1st June 2010 you will receive the variable 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 (opens new window).

cahoot 2 year fixed rate bond (issue 2) - (Not currently on sale).


cahoot credit card - (Not currently on sale).


cahoot flexible loan- (Not currently on sale).



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

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. 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 Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England.

www.santander.co.uk. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority except in respect of its consumer credit products for which Santander UK plc is licensed and regulated by the Office of Fair Trading. FSA registration number 106054.

Santander UK plc advises on mortgages, a limited range of life assurance, pension and collective investment scheme products and acts as an insurance intermediary for general insurance.