McIlroy's Kiawah triumph gave Santander customers a better interest rate
PGA Championship PGA Tour Rory McIlroy News

McIlroy’s Kiawah triumph gave Santander customers a better interest rate

FOLLOW: iHEART | TUNEIN


Rory McIlroy's bank account balance went up by $1.44 million for winning the PGA Championship last week.

The Ulsterman's second major championship victory also helped boost the credit side of the ledger of several hundred thousand bank customers in Europe.

Over 600,000 customers of Santander bank, a Spain-based bank that sponsors the 23-year-old, saw a boost in the interest rate on their savings account because of McIlroy's win, according to the U.K.-based Telegraph. For customers with money in a particular individual savings account (what's known as a certificate of deposit in the United States), their interest rate will be bumped up from 4 percent to 4.1 percent since McIlroy won a major this season.

The savers won't be able to bump up their account balance to take advantage of the hike in the interest rate, as the interest will be paid on the initial deposit when the note matures. The minimum deposit was one pound, with a maximum of 5,640 GBP.

About the author

Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he talks about golf on various social platforms:

X or Twitter: https://twitter.com/ryanballengee
Facebook: https://facebook.com/ryanballengeegolf
Instagram: https://instagram.com/ryanballengee
YouTube: https://youtube.com/@ryanballengeegolf

Ballengee can be reached by email at ryan[at]thegolfnewsnet.com

Ryan occasionally links to merchants of his choosing, and GNN may earn a commission from sales generated by those links. See more in GNN's affiliate disclosure.

Add Comment

Click here to post a comment