Santander ups interest rates on mortgages and savings after Bank of England rate rise | Personal Finance | Finance

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Savings rates are beginning to creep up again after the Bank of England increased interest rates by 0.25 percentage points in May and June.

Currently, Santander’s 123 Regular e-Saver offers an attractive rate of 2.5 percent interest but this is only for the first 12 months.

At the end of the 12 month period, savers will have a maximum balance of £2,400 a year plus £48 in interest.

To qualify for this interest rate, customers only need £1 to open an account.





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