The three UK-based retail businesses of Spain-based Santander, Abbey, Alliance & Leicester and Bradford & Bingley are launching a new range of fixed rate bonds, available to both new and existing customers.
For those customers who do not want to lock their money away for the long term, the rate on one year fixed rate bond has been increased to pay up to 3 percent. Similarly, two year fixed rate bond offer has been extended to allow more customers to take advantage of the 4 percent gross/AER offered for balances over GBP10,000.
Reza Attar-Zadeh, director of savings and investments, said: “We’re pleased to offer these increased rates and believe that this bond provides excellent value for customers looking for a fixed income. This new bond complements our competitive range of fixed rate savings which continues to include our 2 year fixed rate bond paying 4 percent gross/AER and our one year fixed rate monthly saver, a regular savings account also paying 4 percent gross/AER, allowing savers to put aside as little as GBP20 a month up to GBP250 a month.”
“We remain committed to offering competitive savings accounts to help people save and plan for their future and with the backing of Santander, one of the world’s largest banks, savers have peace of mind and confidence when saving with us.”
