Cahoot 5.5%

System

Opened an account this morning. Do not have to transfer any money immediately. Take your time to print and read the terms & conditions.

Norman-B

I have tried, 6 times, to open this account. If there is a prize for the most difficult site to get around then this it it!
I still have not open the account, so am giving up.

laminki

norman-b

where are you getting stuck?

isn't there a phone number on the website you can call?

Milarky

Since this rate is fixed for 12 months from opening, but won't rise over the next year, it makes most sense to open it with £1 (or whatever) ASAP - since it will soon be withdrawn. My Egg special rate will end about middle of August but I'm betting this cahoot account will be pulled before then.

System

I don't need to open a current account with them also to get the savings account do I?

Norman-B

Laminki, yes there is a telephone number BUT you can only open the ac online. They had problems with the sute all day and despite 4 phone calls i could not open the ac.

Norman-B

Sorry, should read, Site. ::)

Tim_L

Have any existing Cahoot members opened an account yet? I believe I may have done, having opened an account that suggests it's the highest rate variable rate savings they offer, but there were no specific T&C or confirmation of the deal at at any point - just a general Cahoot T&C page. I'm particularly keen to get a confirmation of monthly v. annual interest.

Cahoot have always won the prize for confusing websites, but you'd think they would make more of an effort when launching a market leading rate.

bonecold1

I'm an existing Cahoot member and have been provisionally accepted but the account isn't showing on my personal homepage so will probably have to comply with various money laundering regulations before the account is actually opened.

The interest is definitely being paid annually but couldn't see whether it was on the anniversary of opening the account or whether there is a set date to pay the interest.

JSkimming

I'm also an existing current account holder, but likewise, other then the application process informing me that the I had been provisionally accepted, I've received no indication that the application has been made.

I've just phoned their contact centre and they say that it has been made, and I should be receiving an email in the next couple of days.