Santander increases rate on eSaver issue 2

Santander has increased the rate on its eSaver issue 2 for new and existing customers.  The account will now pay a highly competitive 2.75 per cent gross/AER with a minimum opening balance of £1 and penalty free instant access available online. The account offers great value for savers looking for a competitive rate without restriction.

Reza Attar-Zadeh, Director of Savings and Investments, said: "With one in four consumers confessing they have no savings at all to fall back on, the need has never been greater for savings providers to do what they can to help by offering attractive rates and easy access to funds.  Given the current economic backdrop, it remains a concern that so many people are still not saving anything at all
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"Saving today could mean security for tomorrow and our new eSaver rate is designed to help encourage customers to build a nest egg for their future.  This new highly competitive rate offers instant, penalty free access via the internet 365 days a year, so really couldn't be easier."