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Santander UK has launched a brand new common saver account paying 8% curiosity.
The account has a fee of 8.00% AER (annual equal fee), which features a 5.00% variable bonus for the primary 12 months.
The financial institution mentioned it’s obtainable to all Santander present account clients, together with its fee-free On a regular basis present account clients.
Clients can save as much as £200 per 30 days within the account, which is offered from Tuesday.
After 12 months, the curiosity reduces to a variable fee of three.00%.
Santander mentioned clients could make withdrawals after they want, with out penalties.
Some savers with a giant lump sum of greater than £200 to place away could take into account trying to find a deal which will have a decrease fee however permits larger preliminary deposits.
New clients to Santander may probably profit from the financial institution’s £180 present account switching supply, in the event that they transfer over to the financial institution, topic to phrases and circumstances.
The minimal steadiness for the common saver is £1, and Santander mentioned the account is restricted to 1 account per buyer.
