cahoot Simple Saver

Enjoy 4.41% AER/gross (variable) for 12 months, on up to £500,000 in easy access savings

Please read the summary box before applying

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What you’ll get

4.41% AER/gross (variable) for 12 months

Things to keep in mind

There’s a minimum opening balance of £1, with a maximum of £2 million.
We pay interest on all balances up to £500,000.
We don't pay interest on balances over £500,000.
Variable rate interest means we can change it during the 12 month period. We can only do this by giving you notice, which is outlined in the terms and conditions.
This is a paper-free account – learn more in ‘How do I open and manage my account?’ below.

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

Summary box

Interest rate

Account name/term	Maturity date	Tier	If interest is paid annually	If interest is paid monthly
cahoot Simple Saver (Issue 9)/12 months	1 Year/12 months after account opened	£1-£500,000	4.41% AER/gross (variable) for 12 months from account opening	4.41% AER/4.32% gross (variable) for 12 months from account opening
cahoot Simple Saver (Issue 9)/12 months	1 Year/12 months after account opened	£500,000+	0.00% AER/gross (variable) for 12 months from account opening	0.00% 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.

Estimated balance for cahoot Simple Saver

Account name/term	Interest earned	Balance at the end of the term of the account
cahoot Simple Saver (Issue 9)/12 months	£44.10	£1044.10

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.

This is a paper free account, which means:

Your documents, statements and letters will be sent as e-Documents to your secure inbox on online banking (unless you notify us that you require documents in an alternative format, such as braille).
You can update your account settings at any time to get statements and other documents by post.

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 28 April 2025.

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.

How we manage scam claims

We’ll support you if you’ve fallen victim to fraud. Find out more about our approach to fraud.

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.

Not sure which savings account is right for you? See all of our savings accounts

cahoot Simple Saver

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Online Banking

In this section

Products and services

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Help and support

In this section

cahoot Simple Saver

What you’ll get

Things to keep in mind

Summary box

Account name

What is the interest rate?

Can cahoot change the interest rate?

What would the estimated balance be after 12 months based on a £1,000 deposit?

How do I open and manage my account?

Can I withdraw money?

At the end of the term

Additional information

Key Information

cahoot Simple Saver