News Tag: Santander
March 9, 2010
Santander's ISA has been rated top in Moneynet.co.uk's best buy charts.
The ISA, paying 3.5%, pipped Barclay's offering to the top spot.
Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.
"The Isa market is really taking shape as we approach the annual hot bed of activity as providers look to lure savers yet to make their move in the ...
Top ISA deal pays 3.5%
by David Masters
March 8, 2010
According to a report in The Times, Spanish banking giant Santander is the frontrunner for taking over Royal Bank of Scotland's (RBS) 318 Williams & Glyn’s branch network since it is believed to be one of the few bidders with enough resources.
Santander became a household name in the UK when it acquired Abbey for £9.5 billion back in 2004. ...
Santander eyes RBS’ Williams & Glyn’s network
by Kay Murchie
February 16, 2010
Brits travelling abroad last year wasted £122 million on unnecessary foreign exchange fees when using their credit cards, according to research by Santander.
Overseas holidaymakers spent £1.5 billion on credit cards last year, an average of £600 per traveller.
Many credit card providers charge foreign exchange fees of up 2.75%, Santander revealed, equivalent to £16.50 on a £600 spend.
"Foreign exchange fees are ...
Brits waste money on currency exchange fees
by David Masters
February 4, 2010
Spanish banking giant Santander has today revealed a 13% rise in fourth-quarter net profit to €2.2 billion (£1.9 billion).
Meanwhile the bank, which is the second largest banking group in the world after HSBC, said gross income grew almost 24% to €10 billion.
For the 2009 year as a whole, net profit was up 1% to €8.94 billion, with good performances in continental Europe, Latin ...
Santander profit grows 13%
by Kay Murchie
Santander announces new two-year mortgages
by David Masters
January 11, 2010
Spanish banking giant Santander is to begin its integration of UK High Street banks - Abbey and Bradford & Bingley (B&B).
Santander, which is the second largest banking group in the world after HSBC, became a household name in the UK when it acquired Abbey for £9.5 billion, back in 2004.
In July 2008, it rescued troubled mortgage lender, Alliance ...
Santander begins rebranding of Abbey and B&B
by Kay Murchie
January 8, 2010
Santander's high street banks have launched a range of new fixed-rate bonds paying interest at up to 4.1%.
The bonds, available through Abbey, Bradford & Bingley, and Alliance & Leicester, can be opened by new and existing customers with a minimum deposit of £1.
The one year bond pays interest at 2.5% gross per annum/AER for investments up to £9,999, and 3% on investments over ...
Santander launches fixed-rate bonds
by David Masters
November 20, 2009
Mortgage borrowers with Santander will soon be able to take advantage of a bank current account that attaches no fees to overdrafts, whether authorised or unauthorised.
The Spanish banking giant is launching a “Zero” current account on 11th January 2010 to coincide with its rebranding of Abbey, Bradford & Bingley and Alliance & Leicester to the group name.
Customers going into ...
Santander entices mortgage borrowers with Zero current account
by Gill Montia
November 13, 2009
Santander is attempting to lure new customers into opening a premium current account with an introductory special offer.
New customers opening a Premier 50 Current Account at Alliance & Leicester or a Reward Bank Account at Abbey will pay account fees of just £5 per month for the first three months.
After this introductory period, the monthly payment will rise to the standard rate of ...
Santander discounts premium accounts
by David Masters
November 7, 2009
Alliance & Leicester customers are being offered free software to protect them from internet fraudsters.
The Santander-owned bank said the Rapport software is designed to protect customers from phishing attacks and malware.
Rapport makes sure sensitive information entered into websites, such as passwords and User IDs, is protected from hackers seeking to gain valuable personal details and banking information.
Tim Brunt, Alliance & ...
Alliance & Leicester provides free anti-phishing software
by David Masters
October 26, 2009
Santander-owned Abbey, Alliance & Leicester, and Bradford & Bingley have launched a new two-year fixed-rate bond paying interest at 4% gross/AER.
The bond is available to new and existing customers, and requires a minimum investment of £10,000.
Customers opening the account can choose to have interest paid when the account matures, or monthly with a slightly reduced interest rate.
The 4% gross interest rate works ...
Santander launches 4% fixed-rate bond
by David Masters
September 23, 2009
Bradford & Bingley (B&B) has launched a new online Notice Saver account paying interest at a variable rate of 3.3% gross/AER.
New and existing B&B customers can open the account with a minimum balance of just £1.
The account includes an instant access option for savers who need to withdraw their money.
Account holders can choose to have interest paid monthly or annually.
"For ...
Bradford & Bingley launches 3.3% Notice Saver
by David Masters
September 15, 2009
Bradford & Bingley has launched a new two-year fixed-rate bond paying 4.35% interest.
The bond requires a minimum deposit of £10,000, and no withdrawals are permitted during the life of the bond.
Savers looking to take advantage of the bond must have internet access as it is only available online.
Reza Attar-Zadeh, director of savings and investments, said: “We are committed to offering ...
Bradford & Bingley launches 2.35% two-year bond
by David Masters
September 7, 2009
Abbey and Alliance & Leicester (A&L) are offering new customers a £100 incentive to switch to their current accounts.
The Santander-owned banks are offering the bonus to new customers opening an Abbey Preferred Overdraft Rate account or an A&L Premier Account from today.
To receive the cash bonus, customers must fund the account with a minimum of £500 per month at A&L, or ...
Santander offers £100 to new customers
by David Masters
September 2, 2009
Santander plans to discontinue the 6% current account at its UK banks.
The 6% + 6% offer, which pays new Abbey and Alliance & Leicester customers 6% interest on their current account and on monthly savings, will close later this week.
Savers taking maximum advantage of the offer could earn nearly £250 interest in the next 12 months.
"This cracking deal is about to ...
Santander to close 6% current account
by David Masters
Santander banks launch 4.2% bond
by David Masters
August 17, 2009
Millions of Brits have made drastic cuts to their holiday budget this summer, new research has discovered.
Santander Cards found that a quarter of Brits taking a well-earned break in the sun this year plan to reduce holiday spending.
Eating out is the biggest target of cutbacks, with 54% of those reducing their budget planning to dine out less.
Just under half (46%) are ...
Credit crunched Brits cutback holiday budget
by David Masters
August 5, 2009
Abbey Business this week launched two new bonds paying up to 3.2% interest and aimed at SMEs.
The bonds, available to businesses with a turnover of up to £1 million, are available for business savings between £50,000 and £2 million.
The 12 month Fixed Rate Business Bond pays 3.2% gross pa/AER, maturing on 1 September 2010.
The 9 month Fixed Rate Business Bond pays 2.8% ...
Abbey launches 3.2% business bond
by David Masters
August 4, 2009
Santander's UK banks are offering interest rates of up to 6% on monthly savings accounts and current accounts.
Abbey's Super Fixed Rate Monthly Saver and Alliance & Leicester's (A&L) Premier Regular Saver are both paying the headline rate to savers who invest a fixed amount between £20 and £250 per month.
However, there's a catch.
To open these top paying savings accounts, customers must either ...
Santander pays 6% on savings
by David Masters
July 31, 2009
Abbey and Alliance & Leicester (A&L) are together claiming to be the UK's second-biggest mortgage lenders, behind HBOS.
Both banks belong to Spanish group, Santander, which reported its half-year results this week.
The figures reveal that Abbey and A&L were responsible for 16.3% of the UK's gross mortgage lending during the six months to the end of June.
The group's UK operation also turned ...
Abbey becomes UK’s second-biggest mortgage lender
by Gill Montia
