Regular saver offers top-3 rate | Product News | moneyfacts.co.uk

Product 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.

Regular saver offers top-3 rate

Regular saver offers top-3 rate

Category: Savings
Date: 13/03/2017

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 It is now over 6 months old so the content may be out of date.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 issue of its regular savings account, which retains the number three spot in the Best Buy chart for its sector and earns itself a high Moneyfacts rating.

The basics…

The Regular eSaver Issue 4 boasts a variable rate of 2.50%, which is paid on its anniversary.

The finer details…

This account requires a minimum initial investment of just £1, and requires customers to have or open a Santander current account for all transactions. There is no penalty for missed payments and no minimum number of payments, with the maximum monthly deposit standing at £200.

Unlimited contributions (up to the monthly maximum) are allowed, with additions having to be made via standing order. Unusually for this sector, an unlimited number of withdrawals can also be made, though it should be noted that withdrawn funds cannot be replaced. The account can be opened in branch or over the phone, and then operated online and by mobile app.

Why we like it…

The rate on this account remains attractive, with the flexibility it offers only adding to its appeal. It therefore fully deserves its top three spot in the Best Buys and its high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
Close