It has appeared many times at the top of most best-buy tables in the personal finance press with a range of market leading products.

• Go now Cahoot

Posted on 26 / 04 / 2006

What attracted to Cahoot was their "In Credit" interest rate, the fact you can increase this figure if you opt not to get a cheque book. Alongside this they also have class leading APR for any loans and credit cards you use. The site also simple to understand and use. You can easily pay money into your account electronically, the only inconvenience is the work required in setting up these things in the first place. It's also just as easy to receive money into your account via the standard BACS transfer protocol. Problems? well you are restricted to only three accounts, if you complex financial needs like myself this is a problem, because I need a current and savings account, and so does my partner. Also add in the fact we are both self-employed and need a couple of business accounts too and your way over the limit. So personally Cahoot has only met my personal banking needs. Sometimes the site has been down for maintenance causing inconvenience, and the statements I receive need to include a few more details. But overall the great rates are excellent all-round, and make up for these minor bad points. I find the big banks quite arrogant at times and it's nice to bank with Cahoot who seem more welcoming of my custom. This is something that the big boys have failed at.

User Rating -
from - D. Gilbert

Overall design
How easy is it to use
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9
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9
9

9

Since its launch in 2000, they have become one of the UK’s most successful online banks.

Address -
Telephone -
Email - contact.us@cahoot.com