Santander offers ‘top rate’ savings rates of 2.5% plus cash back on bills | Personal finance | Finance

Savings rates are starting to climb again after the Bank of England raised interest rates by 0.25 percentage points to 1% last month.

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

Customers with a 123, Private and Select current account will automatically receive this interest rate on savings up to £200 per month.

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

READ MORE: Universal Credit: How to get £812 budget loan on top of £650

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