Santander Bank, N.A. Articles

Banks are trying to differentiate themselves by quirky products. One challenge is how brick and mortar banks can compete with internet banks. Sovereign is trying its best. One of their newest products allows one to triple their interest.

While there is a great stress on all citizens to save, we are often presented with sub-par rates. Banks need deposit accounts to fund their loan and mortgage business, but are giving little in return. Yet, there is a push to get customers to come back (or in) the bank as well and curb the purely internet use. Sovereign Bank is one of thise banks and is currently offering a 3.00% APY 5 year CD.