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Cahoot saving ac deal ending early

j.a.mcguire
Posts: 50 Forumite

Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April.
Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a con though when it's supposed to be 12 month fixed.
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Can't really assist without the account name, but it won't have been a fixed rate if they're dropping it.1
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j.a.mcguire said:Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April.Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a con though when it's supposed to be 12 month fixed.1
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j.a.mcguire said:Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April.Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a con though when it's supposed to be 12 month fixed.
Anybody who had it earlier was being payed 5.2% but it will drop shortly to 5% limited to £30001 -
I did wonder if that was the account OP was thinking of so checked mine for messages and nothing. And their terms give 60 days notice of any changes (IIRC) so the December window is very short.0
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It's the Simple Saver that drops from c.5.12% to c.1.2% after 12 months.0
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soulsaver said:It's the Simple Saver that drops from c.5.12% to c.1.2% after 12 months.0
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happybagger said:I did wonder if that was the account OP was thinking of so checked mine for messages and nothing. And their terms give 60 days notice of any changes (IIRC) so the December window is very short.
Received a email stating that there was a message sent to the Cahoot inbox as well as the letter but never received the inbox message
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EthicsGradient said:j.a.mcguire said:Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April.Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a con though when it's supposed to be 12 month fixed.they possibly mean that the telephone isn't a freephone number and they don't have inclusive calls ??however, you can login and send them a secure message - no cost for doing that and you'll likely get a reply back in a couple of days.0
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35har1old said:j.a.mcguire said:Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April.Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a con though when it's supposed to be 12 month fixed.
Anybody who had it earlier was being payed 5.2% but it will drop shortly to 5% limited to £3000
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