cahoot Simple Saver

Enjoy 4.10% AER on up to £500,000 in easy access savings


What you’ll get

  • 4.10% AER*/gross** variable rate interest for 1 year.

Things to keep in mind

  • Minimum opening balance £1, maximum £2 million.
  • We pay interest on balances up to £500,000.
  • No interest paid on balances over £500,000.

Our Simple Saver lets you be flexible with your savings. You can save and withdraw your money whenever you like.

Summary box

cahoot Simple Saver (Issue 3)

 Interest rate


Account name/termMaturity dateTierIf interest is paid annuallyIf interest is paid monthly
cahoot Simple Saver (Issue 3)/12 months1 Year/12 months after account opened£1-£500,0004.10% AER*/gross** (variable) for 12 months from account opening4.02% gross** (variable) for 12 months from account opening
0.00% AER*/gross** (variable) for 12 months from account opening0.00% gross** (variable) for 12 months from account opening

We calculate interest daily and pay it annually or monthly. You can decide to have your interest paid monthly or annually. Once decided, you can't change this.



We'll pay the final interest payment to your account on the date it matures. If your interest is due on a non-working day, we may pay you the next available working day. Your interest will then be available for withdrawal on the following working day.

AER is based on funds deposited on the day you open the account. If you deposit funds later than this, you may receive less interest than advertised.

Yes, the rate can go up or down, such as in response to industry and market conditions. If the rate goes down, we’ll let you know around 60 days before the rate changes.

Estimated balance for cahoot Simple Saver

Account name/termInterest earnedBalance at the end of the term of the account
cahoot Simple Saver (Issue 3)/12 months £41.00£1041.00



Estimates assume

  • You open the account and deposit £1,000 that same day.
  • We pay interest annually and back into this account.

These illustrations are only an example. They don’t take into account individual circumstances.

To open the account you must:

  • Be a UK resident.
  • Be 16 years old or over.
  • Be registered or will register for online banking.
  • Provide us with a valid email address. We’ll use this to let you know when we have sent you an e-Document.
  • You can open the account in single or joint names.
  • You need to open the account with a minimum opening balance of £1. The maximum you can pay in is £2 million.


How to pay into the account

  • We’ll send you a sort code and account number you can use to pay in.


Manage the account

  • You can manage the account in Online Banking.

Yes, withdrawals can be made at any time by transfer to another account in online banking.

At the end of the term

The term of the account is 12 months. On maturity, we’ll transfer your money into a cahoot Savings Account. We’ll get in touch with more details, closer to your maturity date. This will include your new interest rate.


  • You can cancel the account within 14 days of opening and your money will be returned in full with interest.
  • Subject to availability and may be withdrawn without notice. Rates and information correct as at 29 January 2024.

*AER stands for Annual Equivalent Rate. It 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 where no income tax has been taken off.

We calculate interest daily and pay it annually or monthly.

Key Information

Before applying, we recommend reading the relevant documents. You can find these below. You may like to save or print them, so you can refer to them in the future.