Santander sets new savings standard - Savings - News - Moneyfacts


Santander sets new savings standard

Santander sets new savings standard

Category: Savings

Updated: 23/08/2011
First Published: 23/08/2011

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 It is now over 6 months old so the content may be out of date.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 bonus on its E-Saver account to improve this popular internet-operated deal's position in the market.

The higher rate of 3.10% has been achieved by way of an increase to the bonus to 2.60% - the underlying rate remains unchanged.

It is now far more competitive, raising its ranking amongst its peers so that it sits just below the market leaders.

As is always the case with bonus accounts, a review of its competitiveness will be required after 12 months when the bonus expires.

Four out of five Moneyfacts stars are richly deserved.

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