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Cahoot Savings (Intro Rate) reduced from 5.3% to 5% - Effective Today
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djblamire
Posts: 299 Forumite
As of today 22nd March, Cahoots rate for the previous 5.3% savings account (Opened between 24th June 2004 and 1st September 2004) has been reduced to 5%.
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Savings rates for introductory rate accounts available between 24 June 2004 and 1 September 2004
Account balance AER/Gross p.a.
Up to £49,999 5.00%
£50,000 to £249,999 4.50%
£250,000 + 4.00%
Interest is calculated daily based on the amount in your account at the end of each day and is added to your account annually. Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the amount of funds held within that tier and not the total balance. e.g. an account balance of £60,000 will attract an interest rate of 5.00% up to £49,999 and 4.50% on the remaining £10,001
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Thanks
Daniel
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Savings rates for introductory rate accounts available between 24 June 2004 and 1 September 2004
Account balance AER/Gross p.a.
Up to £49,999 5.00%
£50,000 to £249,999 4.50%
£250,000 + 4.00%
Interest is calculated daily based on the amount in your account at the end of each day and is added to your account annually. Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the amount of funds held within that tier and not the total balance. e.g. an account balance of £60,000 will attract an interest rate of 5.00% up to £49,999 and 4.50% on the remaining £10,001
==========================================================
Thanks
Daniel
0
Comments
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so, where do we take our nest eggs now?0
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Thanks for the info. I knew it wouldn't last forever.0
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Deemy will be p!ssed!0
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0
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When did they last downgrade their rate or are they likely to follow the downward spiral?0
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mary wrote:When did they last downgrade their rate or are they likely to follow the downward spiral?
"The current rate of interest on HiSAVE Accounts, with effect from November 1, 2005 is an annual rate of 5.03% gross, Annual Equivalent Rate (AER) of 5.15% and would apply to both new and existing HiSAVE customer accounts."
Anything is possible...
Daniel0 -
This is a shame because it was a good rate.0
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It still is a good rate, and they've hung on to it longer than most - I'll stick with it for now...0
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Yes still very good, and we were lucky to keep 5.3% for all those months (Sept to March) And as '5%' accounts go it's very easy to manage.ManAtHome wrote:It still is a good rate, and they've hung on to it longer than most - I'll stick with it for now........under construction.... COVID is a [discontinued] scam0
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