|Account name||eSaver (Issue 15)|
|What is the interest rate?||
Interest is calculated daily and added to this account annually or monthly. Once the frequency has been chosen (annual or monthly interest) this can’t be changed.
|Can Santander change the interest rate?||Yes, the rate can go up or down e.g. in response to industry and market conditions. If the rate goes down, we’ll let you know around 2 months before the rate changes.|
|What would the estimated balance be after 12 months based on a £1,000 deposit?||
Estimates assume that the account is opened and deposit made on 1st of the month, interest is paid annually and no change to interest rates.
At the end of term
We’ll contact you around 2 months before maturity to tell you your options. If we don’t hear from you we’ll transfer your account to an Everyday Saver, currently paying 0.10% AER/Gross (variable) for balances of £1+.
Estimated balance of Everyday Saver after 12 months:
Estimates assume no further deposits or withdrawals made and no change to interest rates.
These illustrations are only examples and don’t take into account individual circumstances.
|How do I open and manage my account?||
To open the account you must be:
To be eligible for the higher interest rate you must be a 1I2I3 World or a Santander Select customer at point of opening. For joint accounts, at least one person must be either a 1I2I3 World or a Santander Select customer.
Minimum opening and account balance of £1, maximum of £2 million. Deposits can be made at any time via standing order, one-off payments or online transfers.
Manage the account
|Can I withdraw money?||Yes, withdrawals can be made at any time by transfer to another account in Online and Mobile Banking.|
|Additional information||You can cancel the account within 14 days of opening and your money will be returned in full with interest.|
The eSaver is subject to availability. Rates and information correct as at 3 April 2017.
The gross rate is the interest rate we pay where no income tax has been deducted.
- Pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or
- Maintain £75,000 in any Santander investment(s), savings or current account; or
- Have a property worth at least £500,000 with a Santander mortgage.