The Latest Breaking News from Santander

Standard variable rate reached 4.91% at the start June – before last week’s rise in base rate by the Bank of England

Scammers used a fraud tactic called social engineering that makes victims share personal information or perform actions that benefit the scammer without knowing

Travellers advised to ‘avoid travelling where possible’

Those on a tracker rate mortgage will see their interest rates go up automatically - high street banks have started to confirm the dates when customers will be hit with higher costs

Spanish multinational financial services provider Banco Santander, S.A. (NYSE:SAN) has appointed Héctor Grisi as its Chief Executive Officer, effective January 1, 2023. He will succeed Jose Antonio Alvarez who will remain on the board and serve as non-executive vice chair. Grisi joined Santander in 2015 as CEO of Santander Mexico and was appointed…

Millions of homeowners are set to be affected by the rise

He succeeds José Antonio Álvarez who will remain on the board of the Spanish-owned bank

The society has made the appointment after Mr White was poached by Santander

The Bank of England (BoE) yesterday confirmed it has upped its base rate from 1% to 1.25% in a move that affects around two million homeowners. It means those on a tracker mortgage and most SVR deals will see their mortgage go up

The effect of the interest rate increase on mortgages, savings, annuities, house prices and rents

Fraudsters use "social engineering" scams to lure victims into sharing personal information