The only current account on the market to offer:
What you need to do:
New customers: Please remember that if you want to receive £100 cashback and 5% AER, you need to make sure you select and complete the Account Transfer Service section in your application form.
Existing Santander current account holders: Please note if you would like to upgrade your existing Santander current account you will need to call us on 0800 234 6058 between 8am and 9pm Monday to Friday, Saturday from 8am to 4pm, or go into your local branch.
It is important that you feel confident about switching and what is involved, so please click here to read more about our free Account Transfer Service.
You will earn 5.00% AER /4.89% gross (fixed) for the first 12 months on balances up to £2,500 when you pay at least £1,000 into your account each month. After 12 months you will earn 1.00% gross/AER (variable).
For balances over £2,500 or in any month you cannot pay at least £1,000 into your account, you will not earn any interest.
Your Overdraft interest rate will be 12.9% EAR typical (variable) (overdrafts are offered depending on your circumstances) or 19.9% EAR in any month you cannot pay at least £1,000 into your account.
Please be aware that there are no fees from Santander for using your Visa Debit card abroad providing you select to have the cash withdrawal or transaction processed in the local currency. Choosing sterling means the retailer or bank will handle the currency conversion and may apply a conversion fee and/or a foreign usage fee.
Other cash machine providers may charge a fee for using their cash machine.
Santander Zero Credit Card is the only credit card in the UK that charges you zero usage fees whenever you use it. Plus, there’s 0% interest to pay on balance transfers (see note 3) for 12 months and a 0% balance transfer fee (see note 3) as a new current account customer.
You are eligible if:
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.
EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest 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
£100 offer: You are not eligible for this offer if you currently hold, or have held in the past three months, any Santander UK, Alliance & Leicester, cahoot and Cater Allen current account. Offer is only open to customers accepted for a Preferred In Credit Rate, Reward, Zero or Premium account. £100 will be paid into your new account within 3 months of account opening providing you have at least one active direct debit (paid at least once) set up on the account within 11 weeks and have paid in at least £1,000 each month. If you do not have any direct debits to
switch you will not receive £100. Limit of one £100 switcher account per person. Offer is limited and may be withdrawn at any time.
Note 3 You cannot transfer balances from other Santander Group accounts (including cahoot). The 0% balance transfer fee is available if you have a current account or a mortgage with Alliance & Leicester plc or Santander UK plc. If you haven’t you can still benefit from 0% interest on balance transfers for 12 months, with an initial 3% (minimum £5) transfer fee applied.
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