What interest rate does the Cahoot 1 Year Fixed Rate Bond pay?

The Cahoot 1 Year Fixed Rate Bond pays 4.20% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £420 at 4.20% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £500 and up to £2,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Cahoot customers can open it. You can open it online or by post.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 4.20% AER it ranks 52nd of 70 one-year fixed rate bonds we track. The best pays 5.12% and the average is 4.49%.

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Fixed Rate

Cahoot 1 Year Fixed Rate Bond Review

A one-year fixed rate bond from Cahoot. It ranks 52nd of 70 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

4.20%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£2,000,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 52nd of 70

1-year fixed bonds we track

Below average

This account 4.20%

UK CPI (Aug 2026): 3.10%; Pays 1.10% more
Average 1-year fixed: 4.49%; Pays 0.29% less
Best 1-year fixed: 5.12%; Pays 0.92% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 1 year

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Estimated returns with Cahoot's Fixed Rate

What you could earn with Cahoot's 1 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£42.00

At 4.2% AER

£5,000 saved

£210

At 4.2% AER

£10,000 saved

£420

At 4.2% AER

£2,000,000 saved

£84,000

At 4.2% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Cahoot 1 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Cahoot's 1 Year Fixed Rate Bond pays 4.20%, which does beat August 2026 CPI of 3.1% by 1.10%, but it sits below the market average for fixed-rate bonds and 1.15% behind the category leader at 5.35%. For a one-year fix, alternatives worth checking include OakNorth Bank's Fixed Term 12 Months at 4.96% and Atom Bank's 1 Year Fixed Saver at 4.90%. The key catch is the usual one for fixed bonds: no access until maturity, with a minimum of £500 to open.

Compare Fixed Rate Bonds