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Treasurer's Savings Account

Summary box

Account name Treasurer's Savings Account
What is the interest rate?
  • 0.25% AER/ Gross (variable)

  • Interest calculated daily and added to the account monthly

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 at least two months before the rate changes. This is detailed in Condition 18 in our General Terms & Conditions.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Account name Interest earned Balance after 12 months
Treasurer's Savings Account £2.50 £1,002.50

Estimate assumes that deposit made on 1st of the month and no change to interest rates.

This illustration is only an example and doesn't take into account individual circumstances.

How do I open and manage my account? Eligibility
You can apply for a Treasurer's Savings Account if:
  • You are a UK resident aged 18 or over and your organisation is not-for-profit such as a club, society, or charity.

  • We provide dedicated banking services for organisations with an annual turnover of up to £250,000.

  • If your annual turnover is greater than £250,000 please visit santandercb.co.uk to see the products and services available to our corporate and commercial customers.

Opening
You can apply:

  • In branch. Contact your local branch to see if a Local Business Manager is available to support you.

  • Or by calling 0800 731 6666. Lines are open Monday to Friday 8am to 9pm and 8am to 2pm on Saturdays.

Deposits

  • Minimum opening and account balance of £1, maximum of £2 million

  • Deposits can be cash, cheque, electronic payment and faster payments via CHAPS & SWIFT. You can also transfer to/ from another Santander account

Managing the account

  • Via online/ mobile, cash machine, post or telephone by calling our Business Banking Centre on 0800 731 6666

  • 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 any more. 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 alerts.

Can I withdraw money?
  • Yes, withdrawals can be made by post, telephone, online/ mobile banking and from any LINK cash machine. There is no charge for withdrawals from UK LINK machines.

  • Cash withdrawals (at Santander or LINK network machines) are limited to £500 per day.

Additional information

Cancellation period

  • You can cancel the account within 14 days of opening and your money will be returned in full with any interest
Closing the account
  • You or we may close your account at any time by giving the other party notice. If we decide to close your account, we will, wherever possible, give you at least two months' notice as described in our Business Banking Terms and Conditions and Important Information, unless there are exceptional circumstances, such as fraud. You can close your account by calling the Business Banking Centre on 0800 731 6666.
Tax status

  • Interest payments will be calculated using the gross rate. This means all the interest we pay you will be without tax deducted.

Full Account details can be found in the Key Facts Document on the Terms and Conditions tab

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Your money, your way
You choose how you bank with us.

Online Banking
Secure, 24/7 banking. Make payments, view statements and much more. More on Online Banking.

Mobile 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.

Telephone
Call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays. More on Telephone Banking.

Cash machines
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.

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.

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 

Frequently asked questions

AER explained
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.

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