Santander launches new issue fixed-term bonds

Savers looking for the best savings rates may want to take a look at Santander's new bond issues which offer competitive rates.

The bank has issued fixed-rate bonds available for fixed terms of 15 months or two years and a tracker bond range for a fixed term of one year.

An interest rate of 2.75 per cent AER is available for the lowest tier investors in the 15 month fixed-rate bond with an increased rate of three per cent for savers investing £10,000 or more.

Santander's best saving rate is available on the two year account which offers a rate of 3.50 per cent for customers investing more than £10,000.

Reza Attar-Zadeh, director of savings and investments at Santander, said: "We're pleased to introduce our latest range of competitive fixed-rate bonds for those savers looking for the security that a fixed-rate saving product offers, so they know exactly what returns they will receive from the outset."

For savers not looking to lock in a fixed-rate, Santander is offering a one year tracker bond with competitive returns of 3.25 per cent gross/AER and track the Bank of England base rate.

Santander recently announced it was cutting some of its mortgage rates and introducing a new two-year tracker product.
 

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2010-10-06 12:55:36 © Moneyextra.com