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Shawbrook Bank, Cahoot, and Vanquis announce high-interest savings partnerships

1 report, 1 independent Updated Sep 24
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Shawbrook Bank and Cahoot have announced a partnership concerning funds transfers and market-leading savings returns. One product mentioned involves the Sunny Day Saver account, which offers 5% AER on balances up to £3,000 for 12 months. After this period, funds transfer to a Cahoot Savings account at 1%.

From which.co.uk

Why it matters

Some supportBrind's analysis of the reports

Providers have been steadily raising savings rates since March 2026, with the best deals having previously reached 6.2%. The partnership highlights the competitive landscape among providers offering high-interest fixed-term and instant-access savings accounts.

From which.co.uk

Who's involved

  • Shawbrook BankRetail and commercial bank in the United Kingdom, involved in funds transfer partnerships.
  • cahootBank in the United Kingdom, involved in funds transfers and partnerships.
  • Vanquis BankFixed rate bond service competitor offering market-leading returns.

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The entities involved

Coverage

Newest first; wire copies grouped