Santander eSaver Issue 2 'can help build a nest egg'

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Santander eSaver Issue 2 'can help build a nest egg'

Consumers looking to build up a nest egg for the future could sign up for the Santander eSaver Issue 2, a spokesperson for the firm has suggested.

Director of savings and investments Reza Attar-Zadeh claimed that such a strategy could give people added security in the future by putting money aside.

He cited research by the company suggesting one in four consumers do not have any savings at all and observed that perhaps competitive rates will help entice people to make a change.

Mr Attar-Zadeh said: "Given the current economic backdrop, it remains a concern that so many people are still not saving anything at all."

The Santander eSaver Issue 2 is an instant access account offering interest of 2.75 per cent interest for the first 12 months, with customers able to access the account online.

Earlier this month, chief economist at the firm Barry Naisbitt suggested that the current economic climate implies interest rates could be set to stay low for a while yet.

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