Cater Allen Private Bank this week launches two fixed-rate savings bonds paying up to 4.11% AER. The minimum deposit for the two- and three-year bonds are available is £5,000.

There will be an annual opportunity, on the anniversary of the account opening, to withdraw part, or all, of the funds. These withdrawn funds will be subject to reduced interest rates, but the remaining funds will still qualify for the original rate.

"For anyone looking to lock into a fixed rate for a guaranteed return on their savings, these new rates offer a very competitive deal that would beat most high street banks. Not only are the products highly accessible, with a minimum deposit of just £5,000, but they also offer security from the backing and strength from the world's most profitable bank, Santander," said Sally Ann Watts, Head of Banking Products at Cater Allen Private Bank. Santancer acquired Cater Allen in 2004.

Customers can apply for the bonds either by visiting www.caterallen.co.uk or by phoning the client team on 0800 032 5500.

---

Tag this article :