New Santander current account interest rates 'available fee free'

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New Santander current account interest rates 'available fee free'

Tue 1st Mar 2011

A pair of new Santander current accounts are being launched which the bank has stated are a pivotal moment for it in providing simpler overdraft charges.

The Preferred Current Account pays a five per cent in-credit interest rate on balances of up to £2,500, with a free overdraft arranged for the first 12 months.

A second Everyday Current Account is described as being a simple and straightforward option that will make it easy for its consumers to comprehend.

Nici Audhlam-Gardiner, Santander's director of banking, said: "The launch of these two new accounts marks a pivotal moment in Santander's ongoing aim to provide easy to understand current accounts for a wide range of people and to simplify overdraft charging."

For those consumers who are looking to save their money, Santander has recently released a cash Isa with an interest rate of 3.3 per cent which can be accessed by both new and existing customers.

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