Santander Increases Savings Rates

- eSaver Issue 4 rate increased by 0.35 per cent to 3.10 per cent gross AER (variable)

Marketwired

LONDON, UNITED KINGDOM--(Marketwire -08/23/11)- From today, Friday 19 August, Santander has increased rates on eSaver Issue 4 and its latest range of fixed rate bonds.

eSaver Issue 4 has been increased to a highly competitive rate of 3.10 per cent gross AER (variable), an increase of 0.35 per cent.   The rate applies to both new and existing eSaver 4 customers.

The one year Fixed Rate Bond is now offering a return of up to 3.20 per cent and the two year Fixed Rate Bond offering up to 3.80 per cent gross AER.   Both bonds can now be opened with a GBP 1 deposit and are available for a limited time only.

Fixed Rate Bond range

  ---------------------------------------------------------------------------- Annual Gross Monthly Rate Gross Term Save (AER) Rate Access ---------------------------------------------------------------------------- No withdrawals or early 1 Year GBP 1+ 3.05% 3.01% closure until maturity --------------------------------------------------- GBP 25k+ 3.20% 3.15% --------------------------------------------------- --------------------------------------------------- 2 Year GBP 1+ 3.30% 3.25% --------------------------------------------------- GBP 25k+ 3.80% 3.74% ---------------------------------------------------------------------------- 

Reza Attar-Zadeh, Director of Savings and Investments at Santander: "I'm delighted that Santander is able to offer even better returns to savers on a range of savings accounts.   On the one hand our fixed rate bonds provide peace of mind to savers looking for certainty of return, whilst on the other hand our eSaver account allows easy access to those who may need their money quickly.   As always with such great offers, they may change at any time so I would encourage savers to act now to secure these rates."

Customers can apply for eSaver Issue 4 on the Santander website at www.santander.co.uk or by calling 0800 234 6065.   Fixed term bonds can be opened by visiting any Santander branch, going to the Santander website or by calling Santander on 0800 234 6065.

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

Notes

eSaver Issue 4 rate of 3.10% includes a bonus of 2.60% for 12 months from account opening.

Santander UK plc is a full-service retail and commercial bank providing services such as Santander car insurance, loans and mortgages to 25 million customers in more than 1,400 branches and around 4,200 cash machines.   It is a wholly owned subsidiary of Banco Santander.

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 tenth in the world by market capitalization.   Founded in 1857, Santander had EUR 1,374 billion in managed funds, more than 100 million customers, 14,679 branches - more than any other international bank - and 190,000 employees at the close of June 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 the first half of 2011, Grupo Santander registered EUR3,501 million in net attributable profit.

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