Santander ups savings rates
Spanish bank Santander has increased the rate of return across several of its savings products.
The interest paid on its eSaver online account has increased by 0.35 percentage points to 3.10 per cent gross AER (variable) for both new and existing customers.
In addition, its one-year Fixed Rate Bond is now providing a return of up to 3.20 per cent, while the two-year Fixed Rate Bond is offering up to 3.80 per cent.
Both of these bonds can now be opened with a £1 deposit, but are available for a limited time only.
Reza Attar-Zadeh, director of savings and investments at Santander, said: "I'm delighted that Santander is able to offer even better returns to savers on a range of savings accounts.
"On the one hand our fixed rate bonds provide peace of mind to savers looking for certainty of return, whilst on the other hand our eSaver account allows easy access to those who may need their money quickly," he added.
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