Reza Attar-Zadeh, Director of Savings and Investments, said: “Structured products are designed for those looking to invest for the longer term, offering potentially greater returns than those currently available on standard cash based savings accounts.
“The protected return of capital is provided by Santander UK plc, which is currently rated ‘AA-stable’ by Fitch, thus giving savers the additional reassurance that their money is with a financially safe and secure bank.”
These offers are only available for a limited time and investors who wish to apply can visit a Santander branch to book an appointment with a Financial Advisor.
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
Fixed Term Investments
1 -– The Santander Growth Plan is provided by Santander ISA Managers Limited which is a wholly owned subsidiary of Santander Asset Management UK Holdings Limited. The capital guarantee is provided by Santander Guarantee Company and depends on the continued solvency of Santander UK plc. The capital guarantee only applies if the investment is held to the end of its term.
Investors can apply to the Fixed Term Investments either within a Stocks & Shares ISA or outside of an ISA, where returns are subject to Capital Gains Tax Allowance.
Returns on Structure Products are only paid at the end of the term.
Minimum investment £1,500
Santander UK plc is a full-service retail and commercial bank providing services, such as Santander home insurance, personal loans and mortgages to 25 million customers in more than 1,400 branches and around 4,200 cash machines. It is a wholly owned subsidiary of Banco Santander.
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. At the end of 2010, Santander was the largest bank in the euro zone and 10th in the world by market capitalization. Founded in 1857, Santander had at year-end EUR 1,362 billion in managed funds, more than 95 million customers, 14,082 branches -– more than any other international bank -– and 179,000 employees. It is the largest financial group in Spain and Latin America. Furthermore, it has relevant positions in the United Kingdom, Portugal, the U.S. northeast and, through its Santander Consumer Finance arm, in Germany and Poland. Santander registered €8,181 million in net attributable profit in 2010.
Source: Sacramento Bee