Santander Loyalty Fixed Rate Monthly Saver pays up to 5%

Santander has launched its new Loyalty Fixed Rate Monthly Saver account, rewarding new and existing qualifying current account customer with a fantastic 5 per cent AER. 

The account is available to existing Santander current account customers who have credited at least £1,000 into their account in the previous three months and to those who switch their main current account to Santander using our account transfer service.

Reza Attar-Zadeh, Director of Savings and Investments at Santander, said: "We're pleased to offer this new, highly competitive account for all our qualifying current account customers, paying a fantastic rate of 5 per cent gross AER, fixed for 12 months.

The account is designed to encourage people to save regularly and build up a nest egg over time.

"This offer continues to cement our approach to rewarding loyalty, so that the more business you do with us, the more benefits you will receive."

*If the customer misses a payment, pays in less than £20 per month they will receive a lower interest rate of 0.10% gross/AER (variable) on the whole savings balance for that month only. If the customer pays in more than £250 per month they will earn a lower rate of 0.10% gross/AER (variable) on the whole of the balance for the remainder of the term.