Santander launches 15 month bond

Category: Savings
Date: 7/21/2010

Santander has launched a new 15 month account that should appeal to investors looking for an alternative to a one year product.

The 15 month Fixed Rate Bond matures on 1 November 2011 and pays a yearly rate of 3.00% (2.96% monthly) on a minimum investment of £10K.

No early access or further additions are permitted.

While it is one of the leading products in the short term market, this product does not appear in Moneyfact.co.uk Best Buy tables as it is not eligible for the one year category and cannot compete with two year accounts because of its term.

However, this is still a strong product that should offer some good news at a time when rates are predominantly falling.

Four out of five Moneyfacts stars have been awarded.

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