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Santander launches leading one year bond

Santander launches leading one year bond

Category: Savings

Updated: 17/06/2010
First Published: 17/06/2010

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 It is now over 6 months old so the content may be out of date.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 has launched a new, short term bond that will reward new savers with a leading rate of interest.

The 1 Year New Money Fixed Rate Bond pays a yearly rate of 2.60% (2.57% monthly) on a minimum investment of just £1. Deposits of £10K or more are rewarded with a rate of 3.01% (2.97%).

No early access or further additions are permitted, so savers should be sure they can afford to invest. Any funds must be new to Santander.

This extension of Santander's fixed rate product range offers investors who can rustle up new funds one of the leading one year rates – particularly good news in a market that has seen many falls recently.

Four out of five Moneyfacts stars have been awarded.

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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 Any products featured may be withdrawn by their provider or changed at any time.

 
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