New Santander fixed rate savings bonds up to 4.15%

Wednesday, 03 June 2009 02:24

High street banks Abbey, Alliance & Leicester and Bradford & Bingley are launching new fixed-term savings accounts paying up to 4.15 per cent.

The new bonds, available from this week, will be offered to new and existing customers, for a limited time.

Reza Attar-Zadeh, director of savings and investments, said: "Fixed rate savings are in demand as savers look for base rate beating returns - they offer security of capital and a fixed, guaranteed return. Our fixed rate accounts also offer monthly interest for those looking for a regular income from their savings.

"Santander UK is committed to offering competitive savings accounts to help people save and plan for their future. With the backing of Santander, the world's third largest bank by profit, savers have peace of mind and confidence when saving with us."

The 4.15 per cent AER rate (3.32 per cent net) applies to savings over £25,000 in the two-year bond.

Rates fall across the range as the amount saved falls and the length of the bonds.

For under one year and under £10,000 saved the rate is at 3.00 per cent.

Compare Santander savings bonds now alongside offers from all the major providers of bonds and savings accounts.

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