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Branch Saver (Issue 6)

Important Information

Key product information

Account name

Branch Saver (Issue 6)

Interest Rates (AER)

View our current rates

After 12 months the account will become an Everyday Saver account, paying 0.50% gross/AER (variable)

Tax status

Net interest earned unless an R85 is registered on the account for receipt of gross interest.

Conditions for bonus payment

For any month in which a withdrawal is made, a lower rate of 0.10% gross/AER variable is earned.

Withdrawal arrangements

Withdrawals can be made via branch, over the telephone, via Internet Banking or at a cash machine.

Money can be transferred internally to another Santander account or externally to another bank or building society account. External transfers are not possible via Internet Banking.


This account can be opened in branch or via the telephone.


Rates are subject to availability, variable, effective from 23rd July 2013


  • UK residents aged 16 or over;
  • One account per person;
  • Account can only be held in single or joint names.


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 and information correct as at 23rd July 2013