Santander issues new savings bonds

Monday, 01 February 2010 12:00

Santander and Alliance & Leicester are preparing to launch a new range of fixed-rate bonds which pay up to 3.9 per cent interest.

The new savings products, which go on the market tomorrow, include one-year, 18-month and two-year bonds.

While the top rate of 3.9 per cent is available for customers saving more than £25,000 into the two-year bond, rates for the one year bond start at 2.5 per cent for savers with a minimum of £1.

Reza Attar-Zadeh, director of savings and investments at Santander, said: "Our current range of fixed rates are only available while stocks last so we encourage any customers wishing to take advantage to act now to secure what are highly competitive rates in the current low base rate environment."

The bonds are available to both new and existing customers.

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