Santander offers attractive interest rates of 2.5 percent for savings | Personal Finance | Finance

Savings rates are starting to rise again with Santander offering one of the best interest rates in the market. His savings account offers 2.5 percent interest, as well as long-term rewards.

Santander’s 123 Regular e-Saver now offers those looking to build their savings fund an attractive interest rate of 2.5 percent, but only for the first 12 months.

Current 123, Private and Select account customers will automatically receive this attractive interest rate, but only with savings of up to £200 per month.

Santander customers will receive up to three per cent cash back on selected household bills, capped at £5 at each cash back level each month.

However, Santander does not currently offer a £140 bank bribe to incentivize people to switch current accounts.

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The account offers an additional 15 percent cash back on deals at select retailers, including Co-op, Morrisons and Costa.

Although these offers are available to everyone, customers will need to go to your app to activate them.

Santander doesn’t currently offer an incentive to switch, but its cash-back-on-bills offer is piquing the interest of many.

Money saving expert Martin Lewis recently named it one of the best accounts for long-term rewards.

When choosing a new savings account, people should consider:

  • Identify your ideal account: checking, savings, easy access?
  • Do you have a monthly fee?
  • Do you need a local branch?
  • Could you get by on just digital?
  • Would you benefit from budgeting tools?
  • Consider credit unions
  • Would you benefit from enhanced digital features?
  • Read the reviews.

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