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Santander to pull market-leading savings deal tonight: Go quick if you want in

Paloma Kubiak
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Paloma Kubiak

Santander will pull its market-leading 5.2% AER easy access savings account tonight, just a week after launch. If you want this top rate, you need to move fast.

The Santander Easy Access Saver Limited Edition (Issue 3) has a rate of 5.2% AER / 5.08% gross (variable) on savings between £1 and £250,000.

It was launched on Monday last week, offering savers the top-paying rate for the first 12 months after opening the account, which can be done online, via app, phone or in branch.

As it’s easy access, holders can deposit and withdraw cash at any time without fees or restrictions.

One of the big draws of this account – aside from the rate – is that you don’t need to be an existing Santander customer or bank with the lender. Anyone can open the account and save up to £2m, though the 5.2% AER only applies to the first £250,000 held.

At the time of launch, Santander confirmed the account was only available until Sunday 17 September, but could close sooner if there was high demand.

It confirmed the move to withdraw the product early follows “significant demand” as savers look to make the most interest on their money while retaining penalty-free access to their cash.

If this product is right for you – see YourMoney.com’s Santander launches market-leading savings account paying 5.2% for more information – you may want to move fast to secure it. Any applications received by the 23:59 deadline tonight (12 September) will be opened.

From tomorrow, Santander’s Easy Access Saver account returns to sale offering 2.5% AER/gross for 12 months.

Elsewhere, it offers the following savings products which can be opened online or in branch:

  • Santander Edge Saver (7% AER/6.78% gross for 12 months)
  • Fixed rate ISA (5.05% – 5.1% AER/tax-free depending on term length)
  • Regular Saver (5% AER/gross for 12 months)
  • Easy Access ISA (3.2% AER/tax-free variable for 12 months)
  • Easy Access Saver (2.5% AER/gross for 12 months).

Related: How to get 7.5% interest without tying up your savings for years