Santander increases savings rates

Santander has increased rates on eSaver Issue 4 and its latest range of fixed rate bonds.

eSaver Issue 4 has been increased to a highly competitive rate of 3.10 per cent gross AER (variable), an increase of 0.35 per cent. The rate applies to both new and existing eSaver 4 customers.

The one year Fixed Rate Bond is now offering a return of up to 3.20 per cent and the two year Fixed Rate Bond offering up to 3.80 per cent gross AER.  Both bonds can now be opened with a £1 deposit and are available for a limited time only.

Reza Attar-Zadeh, Director of Savings and Investments at Santander:  "I'm delighted that Santander is able to offer even better returns to savers on a range of savings accounts.  On the one hand our fixed rate bonds provide peace of mind to savers looking for certainty of return, whilst on the other hand our eSaver account allows easy access to those who may need their money quickly.  As always with such great offers, they may change at any time so I would encourage savers to act now to secure these rates."

Customers can apply for eSaver Issue 4 on the Santander website at santander.co.uk.