Fixed rate savings bonds from Santander 'in limited supply'

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Fixed rate savings bonds from Santander 'in limited supply'

Consumer considering applying for a fixed rate savings bond from Santander should act quickly, a finance expert from the firm has suggested.

Reza Attar-Zadeh, director of savings and investment at the company, explained that a new range of fixed rate bonds are only available while stocks last.

Santander is offering monthly returns of 2.76, 2.96 and 3.15 per cent interest for terms of one year, 15 months and two years respectively, although customers who invest more than £10,000 in the latter product will be rewarded with a 3.54 per cent rate.

Interest is also available at annual rates.

"Our latest range is available with varying terms to suit people's needs, offering savers, who are happy to lock their money, a competitive return in the current climate," said Mr Attar-Zadeh.

Last week, the company revealed that Britons could collectively pay up to £49 million in foreign transaction fees this summer, which it described as an unnecessary expense.

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