Santander rolls out online Savings and Investments calculator

By Megha Bhattacharya

Santander has announced the launch of a Savings and Investments calculator for enabling users to understand and compare returns on money in both cash savings and investments. The calculator allows users to select the amount of money they would like to save and the time period, in a bid to create a graphic showing the difference in potential returns between cash savings and investments.

Alexia Kilby, Head of Savings and Investments at Santander UK, said, “With the new tax year approaching, and the change we’ve seen in consumer savings as a result of the pandemic, people looking to put money aside will be thinking about how they can make their money, and their tax-free allowance, work harder for them. Our innovative Savings and Investments calculator will help people be more informed about their options, improve their understanding of investments and help them on the way to deciding the right next step for them.”

The calculator highlights that it is a long-term commitment and that the amount of money invested can go down as well as up, while cash savings will provide a more definite return. Users are then able to explore their options, which include both advised and non-advised investments.

Recently, Santander UK announced the appointment of Graham Calder as interim Chief Information Officer and Daryl Brookes as Director of IT Operations & Service Delivery. Graham will lead the delivery and development of Santander UK’s ambitious technology strategy and IT transformation plan. Daryl will report to Graham and focus on delivering industry-leading levels of IT service provision and performance across all areas of the bank.