Santander has launched a new issue of its one year fixed rate bond offering a rate of up to 2.75 per cent AER.
New and existing customers of Santander who deposit between £1 and £10,000 will be eligible to receive a rate of 2.50 per cent AER, while savers looking to lock away more than £10,000 will earn 2.75 per cent AER on their savings.
Meanwhile, Santander – formerly known as Abbey or Bradford and Bingley to many UK customers – is also launching new editions of its 18 month and 2 year fixed rate bond products, offering savers up to 3.90 per cent AER.
Commenting, Reza Attar-Zadeh, director of savings and investments at Santander said: "Our current range of fixed rates are only available while stocks last so we encourage any customers wishing to take advantage to act now to secure what are highly competitive rates in the current low base rate environment.
"Available to both new and existing customers, these bonds could be ideal for those savers looking for a guaranteed fixed income, knowing exactly what return they will receive."
© Fair Investment Company Ltd
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