Santander launches 4.01% fixed-rate bond

Santander’s UK banks have launched a new two year fixed-rate bond paying interest at 4.01% gross p.a./AER.

Minimum deposit is £30,000, and maximum deposit is £2 million.

The bond is available in store from branches of Abbey, Bradford & Bingley, and Alliance & Leicester.

Reza Attar-Zadeh, director of savings and investments at Santander UK, said Santander customers benefit from ‘the safety and security of one of the world’s largest banks’.

Attar-Zadeh added that the account pays more than 3.5% above the Bank of England’s current base rate.

Santander also recently launched a new Fixed Rate Monthly Saver, paying 4% interest on regular savings of up to £250 per month, and a one year fixed-rate bond paying interest at 3.5%.

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