Santander: Fixed rate bonds at 4.15%

Wednesday, 05 August 2009 12:31

Santander's UK has introduced new fixed rate bonds paying up to 4.15 per cent for customers of their Abbey, Alliance & Leicester and Bradford & Bingley.

To apply investors must deposit at least £1. The tiered rates start at 3.15 per cent for any amount under £10,000 and run up to 3.75 per cent before £25,000 and 4.15 per cent thereafter.

Interest can be paid either monthly or annually and the funds are unavailable without penalty after the bond's opening.

"We're pleased to continue offering competitive rates of up to 4.15 per cent and believe that these bonds provide excellent value for customers looking for a fixed income," said Santander's director of savings and investments, Reza Attar-Zedah.

The bank is also offering a fixed rate ISA in Alliance & Leicester branches with a tax free rate of up to 3.05 per cent for balances over £9,000.

"We remain committed to offering competitive savings accounts to help people save and plan for their future and with the backing of Santander, one of the largest banks in the world, savers have peace of mind and confidence when saving with us," he added.

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