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Fixed Rate Monthly Saver (Issue 12)
If you’re a dedicated saver, Santander's Fixed Rate Monthly Saver could be the perfect option. This regular savings account offers you the peace of mind of fantastic fixed-rate savings for 13 monthly payments so you know exactly what return you will get. Whether you’re saving for a car, a holiday or just a rainy day, call into your local branch now and start getting more from your money.
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Fixed Rate Monthly Saver (Issue 12) Fixed Rate paid for 13 monthly paments after opening. After which account changes automatically to Monthly Saver. |
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Monthly Savings |
Gross rate p.a./AER |
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£20 - £250 a month |
4.00% |
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If you pay in less than £20 per month you will receive a rate of 0.10% gross/AER for that month only. If you pay in more than £250 per month you will receive a lower rate of 0.10% gross/AER on your savings balance for that month and the remainder of the term. For further details on interest rates please visit our rates and fees page.
Interest is calculated on the daily balance of the account, and is paid after the end of the 13th monthly payment. For example, if you saved £100 per month for the whole 12 month term of the account, you will get back your deposits totaling £1,200 (12 x £100), and will have received in total approximately £26.00 gross interest during the year.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.
Rates may vary and are effective from 27th July 2009.