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SANTANDER ESAVER (ISSUE 2) REVIEW
Santander eSaver (Issue 2) - Savings Account
(Which Way To Pay - 22/2/2010)

The Santander eSaver (issue 2), from Santander, is an online-only, instant savings account that not only offers a broad range of practical services but also a competitive 12 month bonus rate of 2.00%, which you can choose to receive monthly or annually. Unfortunately, this interest rate will however drop to 2.50% after 12 months, so it may be necessary to readdress your savings at this point.

One important benefit of the Santander eSaver (issue 2) is that it is a flexible savings account with instant access to funds. A cash card is provided with the account, allowing 300.00 to be withdrawn from a cash machine in one day. A reduced interest rate will, however, be paid on the full balance of any month that a withdrawal is made, suggesting that this is not in fact penalty free access as Santander promote.

As this is an online account you are able to open you account online in just a few minutes and manage your account online hassle free, 24 hours a day, everyday, with secure and simple internet banking.

Santander eSaver is ranked 4 out of 5. Based on 1 review.

4 Star Rating        
            
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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