Santander runs fixed-term bond offer

Monday, 06 July 2009 12:00

Santander has extended the offer period in which savers can take advantage of its fixed-term savings bond.

The account, which offers a top rate of 4.15 per cent for savers with more than £25,000 who take out a two-year account, is available through Abbey, Alliance & Leicester and Bradford & Bingley.

A minimum of £1 is required to open the account and savers have the option to lock their cash away for one year, 18 months or two years.

Reza Attar-Zadeh, director of savings and investments for the firm, said: "We're pleased to be able to extend the rates available on our competitive fixed rates, offering excellent value for anyone looking for a fixed income."

Customers opting for the one year bond can take advantage of rates of up to three per cent if they have up to £9,999 to deposit. Savers with more than £25,000 will receive interest of 3.75 per cent.

The 18-month bond pays a top rate of four per cent. There is also the option to take interest on a monthly basis.

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