New savings bond introduced by Santander

Santander has launched two new savings bonds packages.

Savings bonds being offered by Santander are to be re-issued with different rates from tomorrow (September 2nd), the lender has revealed.

People with Santander savings - or just those looking to compare savings on the most competitive deals available in the market following the recession - could be interested in the financier's updated Loyalty Tracker Bond and Tracker Bond products.

The former is now available at a rate of 3.25 per cent gross annual equivalent rate (AER), while the latter can be taken out at an AER of three per cent.

Both products will track any changes in the Bank of England base rate up until October 1st 2011, meaning that customers will benefit from any rises over the next 13 months.

Reza Attar-Zedah, director of savings and investments at Santander, commented: "Our tracker bonds have been specifically designed to provide an assured return to savers."

Meanwhile, in another alteration to the lender's personal finance range following the downturn, Santander last week reduced rates on some of its mortgages.

By Nate Sawyer
ADNFCR-2079-ID-800047155-ADNFCR

Wednesday, 01 September 2010 00:00

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Comments (5)

The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.

j barrett 2010-09-16 16:21:52

can I get 3.25% guaranteed on the tracker bond above as a fixed 1 yr bond for £60.000
Admin 2010-09-16 17:04:16

If you are an existing Santander customer, you can earn a variable rate of 3.25% gross/AER, tracking 2.75% above the Bank of England base rate until the end of the one year fixed term.

This rate is offered on balances between £10,000 and £100,000
mrs c price 2010-09-18 15:25:20

Is the existing uk deposit guarantee limit increasing from its current £50,000 limit? Is Santander covered by this as a uk bank or is it spanish limits?
Admin 2010-09-20 10:59:38

Santander is covered by the UK's FSCS, which currently offers up to £50,000 in compensation, should it be required.

I think it is unlikely that this limit will increase, going by the actions of some banks such as government owed Northern Rock which recently lowered its 100% protection guarantee back to the standard £50,000.

Some countries operating under the Passport scheme cover up to 100,000 Euros - which is around £84,000 based on today's rates, but in some cases it is down to the country's protection scheme to provide the compensation in the event of a collapse.

However, if you spread your funds between several institutions you can benefit from several lots of £50K protection.

For more information about which banks are covered and those that offer grouped protection, see the savings accounts section - www.which4u.co.uk/savings-accounts
Mr Willcox 2012-02-07 12:54:07

I've have a 5 year bond with this lot , after 2 years still haven't any money , I'm begining to wonder if was such a great idea , I was promised so much , but nothing has materialised all Ivan do is hang on for the present ..............very disappointed

Top 5 Savings Accounts

Provider	AER	Notice	Interest Paid	Min Bal	Apply
View Full Table >

	ING Direct Savings Account				Apply > More Info
	2.90%	Instant	Monthly	£1	Apply > More Info

	Halifax Online Saver				Apply > More Info
	2.80%	Instant	Annually	£1	Apply > More Info

	Barnsley Building Society Online Saver				Apply > More Info
	2.50%	Instant	Monthly	£1	Apply > More Info

	Halifax Reward Saver				Apply > More Info
	2.50%	Instant	Annually	£1	Apply > More Info

	Nationwide Regular Savings				Apply > More Info
	2.50%	Instant	Monthly	£1,000	Apply > More Info

ING Direct Savings Account

New customers can enjoy a rate of 2.90% AER (2.86% gross p.a.) including a 2.36% gross bonus fixed for 12 months from account opening.
After 12 months the rate will revert to our ING Direct Savings Account variable rate, currently 0.50% AER
Move your money when you like, with no penalties or restrictions
Start saving from £1, with no minimum or maximum monthly deposits required
Open an account in minutes
Award winning UK call centres

Halifax Online Saver

2.80% gross/AER variable including 12 month fixed bonus of 2.70%
Speed & convenience of 24/7 online access
Unlimited withdrawals
Unlimited deposits
Open from just £1
Online access only
Available from age 16 onwards
Access your money by transferring to another account online
Interest paid annually
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Barnsley Building Society Online Saver

Great on-going rate of 2.50% gross pa/AER† variable with NO bonus period!
Apply online with Barnsley Building Society award-winning, paperless application. No forms to sign.
Open an Online Saver with as little as £1
Make withdrawals at any time as long as you leave a minimum balance of £1
Check your balance and view your statements whenever you wish
Log into our secure website to transfer money to your nominated bank or building society account or a nominated account held with us
Rate includes a bonus of 0.50% until 31/12/2010.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax Reward Saver

2.50% gross/AER variable or 2.25% gross/AER variable if five or more withdrawals have been made
Further withdrawals available should you need them however these will suffer 30 days loss of interest on the amount you withdraw.
Access your money by transferring to another account online
Interest paid annually
You need to be a UK resident personal customers aged 11+
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Nationwide Regular Savings

A competitive rate of interest of up to 2.50% AER, (2.50% gross p.a.)
Flexibility to make unlimited withdrawals if you need to giving you the highest level of flexibility available.
Open an account with as little as £1!
Save up to £1000 each month.
Open and manage your account online using the Nationwide MySave Online Savings site.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Natwest e-Savings

No penalties – we don't charge you for withdrawing your money
Start saving with £1 - and there's no minimum balance
Monthly interest – paid directly into your account
No need for an existing NatWest account – although if you have one, it's quick and easy to move money between e-Savings and your other NatWest accounts
Get the savings habit – we can set up a regular transfer from another NatWest account
Set up and track your own personal savings goals - through Online Banking
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

RBS Direct Saver

you will earn the following rate of interest: 1% AER/Gross (variable)
Instant access to your funds with no penalties
Monthly tax-free interest – RBS can pay the interest into your Direct Saver or another RBS account.
Manage your ISA by Phone, post, in branch and online
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 2 Year Fixed Rate Online Saver

Account gives you a great rate of 3.75% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Scottish Widows Direct Transfer Account

Rate includes a bonus of 0.89% for 12 months
Minimum balance £1000
Deposits can be made by internet banking, telephone or post
No notice period or penalties for withdrawals
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

ING Direct Cash ISA

Act now and you can enjoy a great tax free rate of 3.0% AER variable (2.96% gross p.a variable, including a 1.96% gross p.a bonus fixed for 12 months from opening)
This rate then reverts to a variable Cash ISA rate currently 1.00% gross/AER.
The interest is calculated daily and paid monthly.
You can invest from £1 up to £5,340 each tax year and benefit from tax free savings.
You can NOT transfer your existing ISA balances to this ISA
The tax year runs from 6 April to 5 April the following year.
You can invest in one lump sum or in any number of smaller payments up to the annual subscription limit (£5,340).

Natwest e-ISA

Save from £1 and save up to £5,340 per tax year
If you wish to transfer your existing ISAs balances to this ISA you will earn the following rate of interest:
£0 - £9,999 = 2.00% AER
£10,000 - £29,900 = 2.25% AER
£30,000+ = 2.50% AER
Instant access to your funds with no penalties
Monthly tax-free interest – Natwest can pay the interest into your Cash ISA Plus or another NatWest account.
Manage your ISA by Phone, post, in branch and online
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax ISA Saver Online

2.60% tax free/AER variable including 12 month fixed bonus of 2.35%
Interest paid tax free
Open from just £1 and save in a way that suits you
Easy access to your savings
Transfers in benefit from our ISA Promise
Maximum savings £5,340 annually (tax year 2011/2012)
Available from age 16 onwards
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Top 5 Fixed Rate Bonds

Provider	AER	Duration	Min Bal	Apply
View Full Table >

	Scottish Widows 5 Year Fixed Rate Bond			Apply > More Info
	4.60%	Fixed term for 5 years	£10,000	Apply > More Info

	Lloyds TSB International 1 Year Bond			Apply > More Info
	3.40%	Fixed term for 1 year	£10,000	Apply > More Info

	Halifax 3 Year Fixed Rate Online Saver			Apply > More Info
	4.10%	Fixed term for 3 years	£500	Apply > More Info

	Halifax 2 Year Fixed Rate Online Saver			Apply > More Info
	3.75%	Fixed term for 2 years	£500	Apply > More Info

	First Save 1 Year Fixed Rate Bond			Apply > More Info
	3.45%	Fixed term for 1 year	£1,000	Apply > More Info

Scottish Widows 5 Year Fixed Rate Bond

The Scottish Widows 5 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 4.60%AER over a period of five years. The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
Fixed annual rate 4.60% Gross
Minimum deposit £10,000
Deposit Term - 5 years
No partial withdrawals permitted during deposit term.
*Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Lloyds TSB International 1 Year Bond

Save for 1 year
Fixed interest rates of 3.40% AER/Gross*.
Save from £10,000 up to £5,000,000
No withdrawals are allowed.
Rate is fixed for the term of the deposit.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 3 Year Fixed Rate Online Saver

Account gives you a great rate of 4.10% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 2 Year Fixed Rate Online Saver

Account gives you a great rate of 3.75% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

First Save 1 Year Fixed Rate Bond

Minimum Deposit £1000 - No Maximum!
Monthly or Annually interest payment option:
- Minimum investment of £1,000 to get your interest paid annually = 3.45% AER
- Minimum investment of £5,000 to get your interest paid monthly = 3.40% AER
Deposit for a period of 1 year
Online Access allowing you to deposit funds and view your cash at all times.
Access can be given to funds if required in emergencies within the year; however this will result in loss of interest accrued to date.
FirstSave accounts are provided by FBN Bank (UK) Ltd, a UK bank which began trading in 2002 and is authorised and regulated by the Financial Services Authority.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

First Save 6 Month Bond

Earn an Annual Equivalent Rate (AER) of 3.0%
Minimum Deposit £1000 - No Maximum!
Monthly or Annually interest payment option:
- Minimum investment of £100 to get your interest paid annually = 2.98% AER
- Minimum investment of £5,000 to get your interest paid monthly = 3.00% AER
Online Access allowing you to deposit funds and view your cash at all times.
FirstSave accounts are provided by FBN Bank (UK) Ltd, a UK bank which began trading in 2002 and is authorised and regulated by the Financial Services Authority.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 1 Year Fixed Rate Online Saver

Account gives you a great rate of 2.50% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

NatWest 1 Year Fixed Rate Bond

Save between £5,000 - £500,000 and leave it untouched for the term
Available to personal NatWest customers aged 18 or over
No partial withdrawals or additional deposits are allowed. Early closure will result in an interest charge equivalent to:
90 days' gross interest for our 1 year Fixed Rate Bond
180 days' gross interest for our 2 year Fixed Rate Bond
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Nationwide 1 Year Fixed Rate Bond

Get higher savings rate the more you deposit
Deposit £1 - £49,999 = 2.65% AER fixed for 1 year
Deposit £50,000+ = 2.90% AER fixed for 1 year
You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
Manage your savings bonds online via our secure Internet Bank
Enjoy the security of a guaranteed rate of return
Choose between monthly or annual interest
Open several e-Bonds (the combined savings bonds balance mustn't exceed £3m)
Use your own e-Bond account nickname instead of having to remember a lot of numbers
Your online security protected with Nationwide's Internet Banking Promise
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Nationwide 1 Year Fixed Rate Bond

Get higher savings rate the more you deposit
Deposit £50,000+ = 2.90% AER fixed for 1 year
You need to have a Nationwide Flexi-Current Account to deposit funds in to this bond. If you do not have one you will be asked to set one up as part of your application process.
Manage your savings bonds online via our secure Internet Bank
Enjoy the security of a guaranteed rate of return
Choose between monthly or annual interest
Open several e-Bonds (the combined savings bonds balance must not exceed £3m)
Use your own e-Bond account nickname instead of having to remember a lot of numbers
Your online security protected with Nationwide's Internet Banking Promise
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

NatWest 2 Year Fixed Rate Bond

Save between £5,000 - £500,000 and leave it untouched for the term
Available to personal NatWest customers aged 18 or over
No partial withdrawals or additional deposits are allowed. Early closure will result in an interest charge equivalent to:
90 days' gross interest for our 1 year Fixed Rate Bond
180 days' gross interest for our 2 year Fixed Rate Bond
You will need to have a NatWest current account or instant access savings accounts (excluding all Cash ISA accounts) for the payment of interest
This is a limited offer and may be withdrawn from sale at any time
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 4 Year Fixed Rate Online Saver

Account gives you a great rate of 4.15% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Halifax 5 Year Fixed Rate Online Saver

Account gives you a great rate of 4.25% AER
You can open an account with just £500.
The maximum balance is £9,000,000.
Great fixed rates of interest - so you are protected against changes in interest rates and know exactly what you'll earn.
On maturity you'll still get a good rate as your savings and interest are transferred into the Variable Rate Web Saver (which is opened at the same time as your Fixed Rate account).
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Hinkley and Rugby 1 Year Fixed Rate Bond

Account gives you a great rate of 3.10% AER
You can open an account with just £100.
The maximum balance is £100,000.
Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme

Progessive BS 2 Year Fixed Rate Bond

Account gives you a great rate of 3.50% AER
You can open an account with just £100.
The maximum balance is £100,000.
Early access on full closure only and subject to an Early Closure Charge equivalent to 270 days interest at 3.1% plus a £15 (ex VAT) admin charge
YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 3 Year Fixed Rate Bond

Available Online Only.
Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
Annual or Monthly interest options available.
Sole or Joint Accounts.
Restricted to UK residents 18 years or older.
No additional deposits, withdrawals or closure during term.
Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Vanquis Bank 5 Year Fixed Rate Bond

Available Online Only.
Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate.
Annual or Monthly interest options available.
Sole or Joint Accounts.
Restricted to UK residents 18 years or older.
No additional deposits, withdrawals or closure during term.
Vanquis Bank is a UK bank with operations and call centres in London, Chatham, Bradford and Newcastle, and is part of the Provident Financial Group, a FTSE 250 company founded over 130 years ago.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 BY THE FSCS - Financial Services Compensation Scheme

Saffron BS 3 Year Fixed Rate Bond

Account gives you a great rate of 4.00% AER
You can open an account with just £100.
The maximum balance is £100,000.
Early access on full closure only and subject to an Early Closure Fee
YOUR SAVINGS ARE PROTECTED UP TO £50,000 BY THE FSCS - Financial Services Compensation Scheme

Scottish Widows 3 Year Fixed Rate Bond

The Scottish Widows 3 Year Fixed Rate Bond is a fixed interest rate account offering a competitive 4.00% AER over a period of three years.
The account is available to new and existing Scottish Widows Bank customers and is not linked to any investment products.
Fixed annual rate 4.00% Gross
Minimum deposit £10,000
Deposit Term - 3 years
No partial withdrawals permitted during deposit term.
*Stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

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