New 2 year fixed rate bond from Santander

Santander, via Abbey, Alliance & Leicester and Bradford & Bingley, is launching a new 2 year fixed rate bond at 4.2% gross/AER.

Santander fixed rate bondThe new fixed rate bond will be available from 1 September and will pay a fantastic interest rate of 4.2% gross/AER, net rate pa of 3.36%.

The minimum deposit is £10,000 and the maximum £2,000,000.

Reza Attar-Zadeh, Director of Savings and Investments, commented ‘We continue to remain committed to offering customers savings accounts with competitive rates that enable people to save and plan for their futures.

With the backing of Santander, as one of the world’s largest banks, savers have peace of mind and confidence when saving with us.’

The new fixed rate bond is available to new and existing customers and can be applied for at a branch, online or via the phone.

Whilst the account can be closed early, this is not encouraged as it is subject to a charge of 120 days interest.

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