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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