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Rate up on Santander savings account

Rate up on Santander savings account

Category: Savings

Updated: 27/07/2010
First Published: 27/07/2010

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 It is now over 6 months old so the content may be out of date.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 seems to be on the side of savers after increasing the interest rate available on its e-Saver savings account.

The 12 month introductory bonus on its no notice internet operated savings account has been increased to 2.25%, taking the overall rate to 2.75%.

The low minimum investment of £1 and the ability to make unlimited withdrawals both add to its appeal.

However, savers must make sure they review the competitiveness of the savings deal when the bonus period expires after 12 months.

A welcome boost for savers happy to conduct their financial affairs via the internet, the 2.75% headline rate sits just below the market leaders in its field and earns four out of five Moneyfacts stars.

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