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Santander's Monthly Saver is a great choice if you want to build up regular monthly savings. Simply set up a standing order to save a minimum amount of £20 a month and you’ll receive a variable rate of interest. It’s easy to start your regular monthly savings account. Just call us on 0800 389 9875 for an application pack.
|
Monthly Saver rate with 1 withdrawals made (variable) |
Monthly Saver rate with 0 withdrawal made (variable) |
|
|
Tier |
Gross rate p.a./AER |
Gross rate p.a./AER |
|
£100,000 plus |
0.47% |
0.50% |
|
£50,000 plus |
0.15% |
0.15% |
|
£1 plus |
0.10% |
0.10% |
All rates are variable. For more detailed information on rates please visit our rates and fees page.
You will receive a rate of 0.10% gross/AER (variable) for every month in which you make a withdrawal or credit less than £20 into your account.
Interest is calculated on the daily balance of the account, and is paid annually on the anniversary of account opening. For example, if you saved £100 per month for the whole 12 month term of the account, you will get back your deposits totaling £1,200 (12 x £100), and will have received in total approximately £3.25 gross interest during the year (provided no withdrawals are made during the year).
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.
Rates may vary and are effective from 1st April 2009.
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