New fixed-rate bond range unveiled by Santander

Wednesday, 30 June 2010 12:00

Santander has announced it is launching its new competitive fixed-rate bonds range this week.

The products will pay up to 3.75 per cent gross annual equivalent rate.

A new £25,000 tier has been introduced and customers will have the option of choosing from terms of one year, 18 months or two years, with saving starting from as little as £1.

Reza Attar-Zadeh, director of savings and investments at the organisation, noted the offer will enable people to earn extra with the more money they set aside.

"Savers can choose a term that suits their needs knowing exactly what income they will receive from the outset," the expert added.

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