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

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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.

Find the best savings rates for you - Compare savings accounts


Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.
 
Close