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Santander raises fixed rate bond roof

Santander raises fixed rate bond roof

Category: Savings

Updated: 03/05/2011
First Published: 03/05/2011

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 It is now over 6 months old so the content may be out of date.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 increased the rates on certain fixed rate bonds to startling effect.

Now paying 3.35% yearly (3.30% monthly), the one year bond is highly competitive in the short term field.

Meanwhile, the return of 3.80% yearly (3.74% monthly) on offer from the two year option of the bond more than holds its own too.

As is typical of many fixed rate bonds, withdrawals are not allowed during the term, while additional investments are not permitted either.

Four out of five Moneyfacts stars are richly deserved.

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