When it comes to everyday we understand that everyone is different with different needs. So to help you choose the right account for you we’ve given you some options below. Just click on the statement that matches what you want or visit our Compare Bank Accounts page for more information.
> I want an account that rewards me for being in credit
This account will pay you 5.00% AER/ 4.89% gross (fixed) (see note 1) on balances up to £2,500 for the first year. After 1 year the rate changes to 1.00% gross/AER (variable) applies you get these rates when you pay £1000 into your account each month.
Plus you’ll get £100 when you switch to us using our Account Transfer Service and pay in at least £1,000 a month.
We will not pay you interest on any amount over £500, or on your whole balance if you do not make the required payments into your account.
> I’m looking for an account with an interest-free overdraft facility
Switch to Santander and with the preferred overdraft rate you’ll receive an interest free overdraft (depending on your circumstances) for 12 months when you pay £1,000 or more each month into your account. After this, it changes to our standard preferred overdraft rate (currently Typical 12.90% EAR (variable) (see Note 2).
>I want an account with a high in-credit interest rate and no charges
Our unique Zero Current Account is available to our mortgage and investment customers. It is the only current account on the market to offer features such as no fees if you exceed your overdraft and no fees from us when you use cash machines or your debit card anywhere in the world. It also pays you a high credit interest rate for the first 12 months.
Plus you’ll get £100 when you switch to us using our Account Transfer Service and pay in at least £1,000 a month
> I’m looking for an account with additional features and benefits
Our Reward Bank Account offers a range of benefits including competitive in-credit and overdraft rates in addition to great insurance, retail and leisure benefits and for a limited time only, we are offering the Reward Bank Account for half price for the first 3 months, so your monthly fee will be just £5 (normal monthly account fee £10). Or if you are looking for even more benefits why not take a look at our Premium Bank Account, which includes an even greater range of benefits for just £20 a month.
Plus you’ll get £100 when you switch to us using our Account Transfer Service and pay in at least £1,000 a month.
> I’m aged 11-15 and want to open a Bank Account
The 11-15 current account is a great way of getting into the swing of saving and managing your money. It comes with a Visa Debit or cash card and 3.00% AER/2.96% gross (variable) (see note 1) interest.
> I’m aged 16 to 18 and want a new account
The 16-18 account offers all the features of the 11-15 account plus a Visa Electron card and chequebook.
> I’m just heading off to university
Our student and graduate accounts are a great companion for your time at university. These accounts offer all the benefits of our bank account, together with an interest-free overdraft of up to £2,000.
This account is designed to help you get into working life. It includes all the benefits of our bank account, plus a three-year interest-free overdraft of up to £2,000.
> I’m looking for a basic, no-frills account
This is our most straightforward account – giving you financial control, without any complications. There’s no chequebook, overdraft or interest, just a safe place to keep your money.
If you’re not sure which one’s best for you, drop into your local branch or call us on 0800 707 6692. Or, visit our Compare Bank Accounts page for a full run down of all the features.
Note 1 AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. Rates may change and we pay interest each month.
Note 2 EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes into account how often interest is charged to the account and does not include any other fees or charges.Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions
Rates correct as at 28 June 2010
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