Santander fixed rate bonds 'offered for a limited time'

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Santander fixed rate bonds 'offered for a limited time'

Consumers have been urged to move quickly if they want to sign up for one of Santander's new fixed rate bonds.

Reza Attar-Zadeh, director of savings at the company, encouraged people to "act now", since the range of one and two-year deals will only be available for a limited time.

The one-year arrangement offers a return of 2.8 per cent for an investment of less than £50,000 and three per cent for sums above that, up to £2 million.

Meanwhile, the two-year deal rewards consumers with 3.2 per cent interest for under £25,000 and 3.55 per cent above that threshold, up to the same maximum as the one-year product.

"Our new range of competitive fixed rate bonds is ideal for those savers looking for a fixed annual or monthly return," said Mr Attar-Zadeh, referring to the fact that customers are not required to receive their yield on a yearly basis.

Last month, the company urged the public to act quickly if they want to take advantage of a £100 reward for switching their current account to the provider, since the promotion finishes on December 12th 2010.

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