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Regular saver strengthens top-3 spot

Regular saver strengthens top-3 spot

Category: Savings
Date: 03/04/2017

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 It is now over 6 months old so the content may be out of date.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 has strengthened its number three spot in the Best Buy chart for its sector and once again earned it a high Moneyfacts rating.

The basics…

The Regular eSaver Issue 5 boasts a fixed rate of 2.50%, which is paid on its anniversary (interest must be compounded).

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Unusually for this sector, an unlimited number of withdrawals can also be made, though it should be noted that withdrawn funds cannot be replaced.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 online, and then operated online and by mobile app.

Why we like it…

The rate on this account is highly attractive, with the flexibility it offers only adding to its appeal. It therefore fully deserves its top-three spot in the Best Buys and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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