Sunday, September 24, 2023

Santander offers an account with 5.2% in the UK and BBVA with 4% in Italy

According to the company, the UK subsidiary of Banco Santander has opened a savings account that pays an annual interest rate of 5.20%. This is the Easy Access Saver Limited Edition account and the maximum balance that can be withdrawn is £250,000 (€293,000). It is available until September 17, with the bank reserving the right to withdraw the offer in the event of excessive demand. Customers do not need another account to access this product. In addition, the contract can be concluded both “online” and via the “app”, the telephone or the branch. Customers can deposit funds into the account at any time and withdraw it without commissions or restrictions.

It is recalled that in July the UK’s Financial Conduct Authority presented a set of 14 bullet points aimed at ensuring that banks and lenders appropriately pass on rate increases to savers’ deposits, currently at 5.25%.

For its part, BBVA Italia has increased the remuneration of its current account to 4% gross per year of the available balance, without any conditions or minimum amount. In addition, the company has increased the gross annual return of its 12-month flexible deposit by up to 5%. This product can be taken out without binding conditions from a minimum value of 500 euros up to a maximum of 50,000 euros. In the event of early cancellation, the refund is 1% gross on the remaining amount paid.

World Nation News Desk
World Nation News Desk
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