Santander UK has launched a new regular saver account paying 8.00% AER, which includes a 5.00% variable bonus for the first 12 months. The account is available to all Santander current account customers, including fee-free Everyday current account holders, and allows deposits of up to £200 per month with a minimum balance of £1. After 12 months, the interest rate reduces to a variable 3.00%, and customers can make withdrawals at any time without penalties. The account is limited to one per customer, and new customers may also benefit from a £180 current account switching offer, subject to terms and conditions.
Banco Santander S.A.Santander UK launches a high-interest savings account, likely to attract deposits and current account customers, boosting retail banking revenue.