Get New Year Cash Upfront With Santander's New Upfront Interest Savings Bond

    LONDON, ENGLAND, November 30, 2011 /24-7PressRelease/ -- Upfront interest savings bonds introduced by Santander.

- Latest issue of Santander's revolutionary new fixed rate savings bond, that pays three years interest upfront, now available
- Customers get GBP1,000 net interest upfront for every GBP12,000 they save
- Customers can get the upfront interest at start of New Year when they open an account before 20 December
- Interest paid into a Santander Current account on 3 January 2012
- National TV campaign continues, starring Santander's new Brand Ambassador US Open Winner Rory McIlroy

Savers who need access to extra cash for the New Year sales or to pay off their post Christmas bills can now take advantage Santander's new Upfront Interest savings Bond.

Santander Upfront Interest Bond

Examples of returns:

Initial Deposit - GBP10,000
Gross Interest - GBP1,041.66
Net Interest - GBP833.33
Gross AER (fixed) - 3.36%

Initial Deposit - GBP12,000
Gross Interest - GBP1,250
Net Interest - GBP1,000
Gross AER (fixed) - 3.36%

Note: Term starts 1 January 2012, matures 1 January 2015. Interest is not earned for the period before the term starts. No withdrawals during the term.

Matt Hall, Head of Savings at Santander: "Our revolutionary new Upfront Interest Bond is proving popular with customers wanting more control over their money, allowing them to spend or save the upfront interest however they choose. Customers can get three years of interest paid upfront on 3 January if they open an account before 20th December - giving a cashflow boost to customers who need a little extra cash to help with the January bills or to treat themselves at the sales."

To celebrate the success of the new Upfront Interest Bond, Santander is launching an exciting new video competition which gives customers the chance to win GBP12,000 paid into a 3 year Upfront Interest Bond, and get GBP1,000 of interest paid upfront into a Santander current account.

For further details on how to enter and full terms and conditions, go to www.youtube.com/meetrory@santander.

The Upfront Interest Bond is the latest in a series of great initiatives designed to reward customer loyalty, including the 123 Cashback Credit Card and the GBP300 cash back incentive to people who switch their current account to Santander.

Customers can apply by visiting any Santander branch or by calling Santander on 0800 032 4264.

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

About Us

Santander UK plc is a full-service retail and commercial bank providing services such as Santander mortgages to 32 million customers, with more than 1,400 branches and around 4,200 cash machines. It is a wholly owned subsidiary of Banco Santander. Santander UK plc is autonomous from its parent in terms of capital and liquidity, raising its own funds to run its business.

Media Enquiries
Nicola Hussey Tel: 020 7756 4209
Lara Lipsey Tel: 020 7756 4518

The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.

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