Santander's Fixed Rate Bonds Offer Rates up to 3.70 Per Cent

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Jun 13, 2012, 07:05 ET

LONDON, June 13, 2012 /PRNewswire/ --

Competitive fixed rates of up to 3.70 per cent gross AER
Choose from one or two years
Save from £500

Santander has a new range of fixed rate bonds which includes a two year fixed rate paying up to a competitive 3.70 per cent gross AER.

Fixed Rate Bond range

                                      Annual Gross    Monthly Gross
           Term            Tier        Rate (AER)          Rate
          1 Year          GBP500+         2.50%           2.47%
          1 Year         GBP5,000+        3.00%           2.96%
          1 Year        GBP25,000+        3.20%           3.15%
 
          2 Year          GBP500+         3.20%           3.15%
          2 Year         GBP5,000+        3.40%           3.35%
          2 Year        GBP25,000+        3.70%           3.64%

Matt Hall, Head of Savings at Santander: "Fixed rate bonds are popular for those savers looking to lock in returns, knowing exactly what income they will receive from the outset. Our latest range of savings bonds continues to offer solid returns with our two year bond offering up to a very competitive 3.70 per cent. These bonds are a limited offer whilst stocks last, so customers wishing to take advantage should act now to secure them."

Customers can apply for the fixed rate bonds either by visiting any local branch of Santander, http://www.santander.co.uk or by contacting Santander by telephone on 0800 234 6065. There are different options of saving bonds with various savings interest rates. Customers must be happy to lock their money away for the full term as early closure or withdrawals are not permitted until maturity.

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

About Us

Santander UK plc is a full-service retail and commercial bank providing services to 25 million customers, with more than 1,300 branches and 28 regional business centres. It is a wholly owned subsidiary of Banco Santander. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Over 90% of the assets on Santander UK plc's balance sheet are UK based and it is subject to full supervision of the Financial Services Authority (FSA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.

Sovereign exposures to Europe (excluding UK) as at March 2012 are not significant at less than 1% of total assets and primarily relate to Swiss government. Total exposure to periphery countries is c. 0.3% of total assets.

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone and is among the top fifteen in the world by market capitalization. Founded in 1857, Santander had EUR 1.383 trillion in managed funds, more than 102 million customers, 14,760 branches - more than any other international bank - and 193,000 employees at the close of 2011. It is the largest financial group in Spain and Latin America. Furthermore, it has significant positions in the United Kingdom, Portugal, Germany, Poland and the U.S. northeast. Santander Consumer Finance operates in the Group's core markets as well as in the Nordic region. In 2011, Grupo Santander registered EUR 7,021 million in recurring net profit.

SOURCE Santander