New fixed-rate bonds launched by Santander

Santander has launched a new range of fixed-rate bonds, news which may interest consumers looking for the best savings interest rates.

The high street bank will pay up to 3.75 per cent interest on consumers' savings through the new accounts.

Reza Attar-Zadeh, director of savings and investments at Santander, said the bonds pay the top level of interest on the bank's new £25,000 tier, so the more people save, the more interest they earn.

"With terms of one-year, 18 months and two years available, savers can choose a term that suits their needs knowing exactly what income they will receive from the outset," he stated.

"As always, these bonds are a limited offer whilst stocks last, so customers wishing to take advantage should act now."

Earlier this month, Phil Cliff, director of mortgage marketing at Santander UK, claimed that the bank remains committed to providing cheaper mortgages for first-time buyers.

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2010-06-30 13:31:01 © Moneyextra.com