Fixed rate bonds fly high at Santander - Savings - News - Moneyfacts


Fixed rate bonds fly high at Santander

Fixed rate bonds fly high at Santander

Category: Savings

Updated: 14/03/2011
First Published: 14/03/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Santander has improved the rates on its short term fixed rate bonds.

Its One Year Fixed Rate Bond now pays 3.20% yearly (3.15% monthly) on investments over £25K, and 3.00% yearly (2.96% monthly) on anything less.

Meanwhile, its Two Year Fixed Rate Bond pays slightly more, rewarding those with at least £25K to invest with 3.70% yearly (3.64% monthly), and those will anything less 3.50% yearly (3.45% monthly).

Both bonds require a minimum investment of £1, while additional investments are not allowed.

As with many fixed rate bonds, early access to funds is not allowed.

With the rates available on both bonds riding high over their respective terms, Santander has been awarded four out of five Moneyfacts stars.

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