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> Current Accounts with Added Value
> Student, Graduate and Postgraduate Accounts
Whatever your banking needs we have a great range if current accounts for you to choose from.
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After year 1 |
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Minimum amount paid in each month |
In-Credit AER (see note 1) |
Overdraft (typical) EAR (see note 2) |
In - Credit AER (variable) |
Overdraft (typical)EAR (see note 2) |
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Preferred in Credit rate |
£1,000 |
5.00% AER/4.89% gross (fixed) on balances up to £2,500 |
19.9% |
1.00% gross/AER (variable) on balances up to £2,500 |
19.9% |
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Preferred Overdraft rate |
£1,000 |
0% |
0% |
0% |
12.9% |
Apply for our Preferred Overdraft Rate Account
Apply for our Preferred In-Credit Rate Account
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 annual 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.
Note 3. We will not pay you interest on any amount over £2,500, or on your whole balance if you do not make the required monthly payments of £1,000
Note 4. 0% EAR overdraft will apply for the first year if you switch using our Account Transfer Service. If you choose not to switch to Santander you will receive an overdraft rate of 12.9% EAR typical (variable). If you do not pay in £1000 each month the overdraft rate will be 19.9% EAR
Current Accounts with Added Value
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After year 1 |
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Minimum monthly credit* |
In-Credit AER (see note 1) |
Overdraft (typical) EAR (see note 2) |
In-Credit AER (see note 1) |
Overdraft (typical) EAR (see note 2) |
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Reward Current Account |
£1,000 |
5.00% AER/ 4.89% gross (fixed) on balances up to £2,500 |
12.9% |
1.00% gross/AER (variable) on balances |
12.9% |
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Premium Current Account |
£1,000 |
5.00% AER/ 4.89% gross (fixed) on balances up to £2,500 |
12.9% |
1.00% gross/AER (variable) on balances |
12.9% |
Apply for a Reward Current Account
Apply for a Premium Current Account
You can find all the important account and policy information by clicking on the following links (Reward, or Premium). If you currently hold a Family Reward or Travel Reward Current Account (no longer available to new customers) you can view your important information including policy documents here.
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After year 1 |
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Minimum amount paid in each month |
In-Credit AER (see note 1) |
Overdraft (typical) EAR (see note 2) |
In - Credit AER (variable) |
Overdraft (typical)EAR (see note 2) |
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Zero Current Account(see note 3) |
£1,000 |
5.00% AER/4.89% gross (fixed) on balances up to £2,500 |
12.9% |
1.00% gross/AER (variable) on balances up to £2,500 |
12.9% |
Apply for a new Zero Current Account
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Minimum monthly credit (see note 5) |
In-Credit AER (variable) (see note 6) |
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11-15 Account |
1 credit of any value |
3.00% AER/2.96% gross (variable) on balances up to £500 |
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11-15 Youth Plus Account |
1 credit of any value |
5.00% AER/4.89% gross (variable) on balances up to £500 |
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16-18 Account |
£50 |
3.00% AER/2.96% gross (variable) on balances up to £500 |
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16-18 Youth Plus Account |
£50 |
5.00% AER/4.89% gross (variable) on balances up to £500 |
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Note 5. We will not pay you interest on any amount over £500, or on your whole balance if you do not pay in the required monthly payments.
Note 6. AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. The gross rate is the interest rate we pay before income tax is taken off.
Note 7. To be eligible for this rate, customer's parent or guardian must hold a primary current account with Santander.
Student, Graduate and Postgraduate Accounts
| In-credit interest rate AER (see note 8) (variable) | On balances up to £500 | On balances over £500 |
| Student Account (see note 10) | 2.00% AER (1.98% gross) |
0% |
| International Student Account (see note 10) | 3.00% AER (2.96% gross) | |
| Graduate & Postgraduate | 0% | |
| Arranged Overdraft interest rates EAR (see note 9) for Student Accounts, Santander University Accounts and Postgraduate Accounts | ||
| When you open your account you will automatically get an Arranged Overdraft limit of £250. Once you have credited your account with £500 you will receive the allowances below. We will automatically withdraw 0% overdraft allowances at the end of your course or, on taking an Overdraft Manager. We can reduce the yearly interest-free Arranged Overdraft allowance as shown, if we are not satisfied with how you have managed your account. | ||
| Year 1 allowance up to £1,000 | 0% | |
| Year 2 allowance up to £1,250 | 0% | |
| Year 3 allowance up to £1,500 | 0% | |
| Year 4 and over allowance up to £1,800 | 0% | |
| Year 5 allowance up to £2,000 (not available to postgraduates) | 0% | |
| Arranged Overdraft agreed above the allowance | 9.90% EAR (variable) | |
| Arranged Overdraft interest rates for graduates | ||
| Year 1 allowance up to £2,000 Year 2 allowance up to £1,000 Year 3 allowance up to £500 Arranged Overdraft agreed above the allowance |
0% |
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| Unarranged Overdraft Rate for all current accounts | 28.7% EAR (variable) | |
Note 8. AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added each year. The gross rate is the interest rate we pay before income tax is taken off.
Note 9. EAR stands for Effective Annual Rate and represents the annual 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.
Note 10. 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.
Rates correct as at 5 July 2010
