-

Santander Bank Lowers Its Prime Rate to 8.00%

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. announced today it has lowered its prime rate from 8.50% to 8.00% effective September 18, 2024.

Santander Bank, N.A. is one of the country’s leading retail and commercial banks, with $102 billion in assets. With its corporate offices in Boston, the Bank’s more than 5,100 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN), recognized as one of the world’s most admired companies by Fortune Magazine in 2024, with approximately 168 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.

Contacts

MEDIA:
Caroline Connolly
caroline.connolly@santander.us

Industry:

Santander Bank, N.A.

NYSE:SAN
Release Versions
English

Contacts

MEDIA:
Caroline Connolly
caroline.connolly@santander.us

More News From Santander Bank, N.A.

Verizon & Santander Bank Partner to Bring Openbank’s Digital Banking Experience to Verizon Customers

BOSTON & NEW YORK--(BUSINESS WIRE)--Verizon and Santander Bank, N.A., part of the global banking leader Santander1, today announced a multi-year U.S. partnership to bring a new, competitive high yield savings account to millions of Verizon mobile and 5G Home customers. Introducing Verizon + Openbank Savings: a digital high yield savings account with a rate 10 times the national average and the ability to save up to $180 a year on your Verizon bill. Verizon + Openbank Savings joins Verizon’s por...

Now Is the Time to Prioritize Saving, But Americans Are Not Using Accounts That Accelerate Progress, Santander Survey Finds

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank”) today announced the results of a new survey that found while nearly eight in 10 consumers (78%) say saving is a high priority, seven in 10 (69%) do not use higher-rate accounts — such as high-yield savings accounts, money market accounts and certificates of deposit (CDs) — that would accelerate progress toward their goals. The findings were part of the fourth installment of Santander Bank’s Openbank Growing Personal Savings (“GPS”...

CORRECTING and REPLACING Openbank by Santander hits $2 billion in deposits in the United States

BOSTON--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: OPENBANK BY SANTANDER HITS $2 BILLION IN DEPOSITS IN THE UNITED STATES Santander Bank, N.A. (“Santander Bank” or “the Bank”) today announced that the Openbank digital bank platform topped $2 billion in total deposits* since going to market in the United States in the fourth quarter of 2024. This achievement represents a significant milestone in the Santa...
Back to Newsroom