Rate up on Santander savings account - 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.

Rate up on Santander savings account

Rate up on Santander savings account

Category: Savings

Updated: 27/07/2010
First Published: 27/07/2010

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 It is now over 6 months old so the content may be out of date.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 seems to be on the side of savers after increasing the interest rate available on its e-Saver savings account.

The 12 month introductory bonus on its no notice internet operated savings account has been increased to 2.25%, taking the overall rate to 2.75%.

The low minimum investment of £1 and the ability to make unlimited withdrawals both add to its appeal.

However, savers must make sure they review the competitiveness of the savings deal when the bonus period expires after 12 months.

A welcome boost for savers happy to conduct their financial affairs via the internet, the 2.75% headline rate sits just below the market leaders in its field and earns four out of five Moneyfacts stars.

Find the best internet savings account online - Compare all 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 Any products featured may be withdrawn by their provider or changed at any time.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