Santander launches new fixed rate savings bond

Tuesday, 24 January 2012 11:42

Santander has announced the launch of a new issue of its fixed rate savings bond, designed to help savers make the most of their money.

A three-year product, it pays interest upfront so could be ideal for people seeking an immediate return but also the assurance that their capital will remain intact.

The Upfront Interest Savings Bond promises to pay £1,000 of upfront interest for every £12,000 saved. The minimum deposit is £10,000 and the bond can be applied for in any branch or over the phone.

However, the offer only lasts until February 20th 2012, so anyone who is interested is advised to act quickly.

Santander's Matt Hall commented: "Our revolutionary Upfront Interest Bond has proved popular with customers keen to have more control over their finances as it enables them to take advantage of the upfront interest - whether they wish to spend or save it."

With more than 1,400 branches and 4,200 cash machines, Santander provides services to around 25 million customers in the UK.
 

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