Santander's New Year fixed rate bonds offer rates up to 3.70%

For savers keen to get a guaranteed return this New Year, Santander's new range of fixed rate bonds is launched today, Tuesday 3 January and includes a two year fixed rate paying up to a competitive 3.70 per cent gross AER.

Customers must be happy to lock their money away for the full term as early closure or withdrawals are not permitted until maturity.

For savers who want the opportunity of improved returns should interest rates start to rise, Santander's one year Tracker Bond offers a competitive return that tracks the Bank of England base rate.

Matt Hall, Head of Savings at Santander:  "For those savers keen to get their New Year budgets in order our latest savings bonds could be just what they are looking for, offering a fixed income which lets them know exactly what return they will receive from the outset. Our latest two year bond offers up to a very competitive 3.70 per cent while for those customers looking to track any changes in the Bank of England base rate our Tracker Bond tracks 2.70 per cent over the base rate for 12 months. Customers wishing to take advantage should act now to secure these rates as they are a limited offer."

And for savers who need access to extra cash as they tighten their belts for New Year, the latest issue of the Santander Upfront Interest Bond is also available. Customers can get three years of interest paid upfront on 1 February 2012 if they open an account before 22 January 2012.