Our Treasurer's Savings Account has been designed specifically for not-for-profit organisations like clubs, societies and charities with an annual turnover of up to £250,000. You’ll have the flexibility to access your savings whenever you want, whilst earning interest on your money.
Easy, instant access to your money
Minimum opening deposit of £1 and save up to £2 million
0.50% gross/AER (variable) interest paid on the whole balance up to and including 31 October 2016. After this date the interest rate will reduce to 0.25% gross/AER
Unlimited withdrawals and deposits (up to a balance of £2 million) without penalties
Make withdrawals and deposits online, by phone or at cash machines
You can have an account with up to 3 signatories. Any one signatory can approve any financial transaction (although changes to account details will require the signature of two members of the Board/Committee). There is no option available for more than one signatory to be required to authorise financial transactions.
You can also nominate others to manage the account so you can focus on the business.
Your money, your way
You choose how you bank with us.
Secure, 24/7 banking. Make payments, view statements and much more. More on Online Banking.
Bank from anywhere using our Santander Business Banking app or by using bb.santander.co.uk. Text me the app.
Free text and email alerts
You don’t have to wait for your statement to arrive or to log on to find out something has happened on your account anymore. By setting up the alerts you want in Online Banking we can send you a text or email when it happens – such as when your balance goes above or below a certain amount. More on free alerts.
Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays. More on Telephone Banking.
You can do more than just withdraw cash at our cash machines. For example, pay in the day’s takings in cash or cheques or see your latest transactions and balance.
Interest is paid monthly on the Treasurer’s Savings Account
|Gross Rate p.a.||AER (variable)|
0.50% gross/AER (variable) interest paid on the whole balance up to and including 31st October 2016. After this date the interest rate will reduce to 0.25% gross/AER (variable).
Up to and including 5 April 2016 interest will be paid net, unless evidence is provided to confirm your eligibility to receive interest gross. From 6 April 2016, you'll receive interest gross, with no tax taken off. The gross rate is the interest rate we pay where no income tax has been deducted.
You will have to pay a fee when using services such as ordering duplicate statements.
Please see the Key Facts Document on the Terms & conditions tab for full details.
Rates correct as at 18 August 2016.
Everything you need to know before you apply
We recommend reading the information in the documents below before you apply. You may like to save or print them so you can see them in the future.
General Terms & conditions (pdf) including Terms of Business
To view these documents, you may need to download Adobe Reader.
You can apply for the Treasurer's Savings Account if you:
are aged 18 or over and live in the UK
are a club, society, charity, or other not-for-profit organisation operating in the UK
have an annual turnover of up to £250,000. If your turnover is more than £250,000, visit Corporate and Commercial Banking
Apply by phone
Call us on 0800 218 2352. Lines open from 8am to 7pm Monday to Friday.
Apply in branch: Find your nearest branch
Have you got the right ID?
If you are opening a Santander Treasurer's Savings Account, we need to check your personal identity and we may need to check the existence of your organisation. Check you've got the ID you'll need to open the Treasurer's Savings Account .
Our treasurer’s accounts have been designed specifically for not-for-profit organisations such as clubs, associations/societies and charities, operated in the UK and with annual turnover of up to £250,000.
You can nominate up to three signatories on your treasurer's accounts, though the mandate requires only one of these to authorise any transaction.
To change your account details you will need to complete and return the change of details form for treasurer's accounts (pdf). This form will require the signatures of two members of the Board/Committee.
If you are a club or society holding a different account with us you'll need to complete the change of details form for clubs and societies (pdf) to change your account details.
When you have completed the form please return it to Santander Business Banking, Bridle Road, Bootle L30 4GB. If you'd like help with your request please call the Business Banking contact centre on 0800 731 6666. Lines are open 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays.
Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays.
Yes - you can service your treasurer's accounts via Online Banking, Mobile Banking, over the phone, at participating Post Office branches and at cash machines in exactly the same way that you currently access your business account.
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.
Gross rate explained
The gross rate is the interest rate we pay where no income tax has been deducted.
Net rate explained
The net rate is the interest rate we pay after deduction of income tax at the rate specified by law.