5.2% Santander easy-access savings account rate is cut to 4.2%.

Savings warning: Best-buy accounts are being replaced with lower interest rates. Research by Investec Bank found that five of the top 50 instant access savings accounts were closed and six replaced with lower returns between Oct-Nov 2023. Santander is cutting its 5.2% easy-access savings account rate to 4.2% on May 20. Martin Lewis, a prominent financial expert, advises Santander customers to move their money elsewhere, as the new rate is beatable by other accounts.

May 08, 2024
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