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Business Reward Saver

Rewarding savings

An account designed to reward businesses who have a longer term savings goal with a higher rate of interest.

Why choose the Santander Business Reward Saver?

  • Rewards: a variable rate account paying a higher rate of interest when you make no withdrawals in the first 12 months of account opening 
  • Interest: is paid monthly or annually 
  • Instant access: you can withdraw money but you will receive a lower rate of interest for that month only 
  • Deposit:  any amount from £30,000 up to £2 million
  • Flexible: you can give colleagues access to your account if you choose

The bonus rate is valid for the first 12 months after account opening, after which standard rates (excluding bonus) apply.

Call us now on 0845 607 0666 to open an account
Lines are open Monday to Friday 8am to 6pm and Saturdays 8am to 1pm.
Or print off an application form

Tier Gross p.a. / AER
(including bonus)1 		Net p.a. (including bonus)1 Gross rate p.a. (excluding bonus) Net rate p.a. (excluding bonus)
Less than £30,000 0.10% 0.08% 0.10% 0.08%
£30,000 + 1.84% 1.47%  0.92%  0.74%

Interest rates if one withdrawal is made during the first 12 months
1Includes a variable rate bonus for the first 12 months of 1.00% gross/AER.  A reduced rate of 0.10% gross/AER will be paid on the full balance on the account for the month in which a withdrawal is made.

Interest rates if no withdrawals are made in the first 12 months

Tier Gross p.a. / AER
(including bonus)1 		Net p.a. (including bonus)1 Gross rate p.a. (excluding bonus) Net rate p.a. (excluding bonus)
Less than £30,000 0.10% 0.08%  0.10%  0.08%
£30,000 + 2.00%  1.60%  1.00%  0.80%

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 change and we pay interest each month or year.

These products are available to businesses with a turnover of £1 million or less

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