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Business Reward Saver

Santander Business Reward Saver

Our Business Reward Saver account is designed for small to medium sized start-up and established businesses with up to two directors, owners (shareholders) or partners. This account gives you all the benefits of a savings account, plus a better rate of interest when you don't make withdrawals.

  • Easy access to your money.

  • Save from £1 up to £2 million.

  • 0.75% gross/AER (variable).

  • You get 0.10% gross/AER (variable) in any month when withdrawals are made (for that month only).

  • Unlimited additional deposits (up to a balance of £2 million).

  • Make withdrawals and deposits online, by phone, and at cash machines.

  • Monthly interest.

  • After 12 months, the account will become a Business Everyday Saver

Nominate colleagues to manage the account
Give them access so you can focus on the business and leave the accounts to your team.

Single and joint accounts are available.

 

Please read the full product details and terms & conditions before applying. Other
accounts are available; see our business savings account range to find out more.

 

 

 

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
For account servicing, call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm on Saturdays. More on Telephone Banking

Business Reward Saver (Issue 6) - interest rates

Interest is paid monthly.

The minimum balance for this account is £1. If you make any withdrawals during the month you will receive a lower rate of interest for that month only.

After 12 months, the account will become a Business Everyday Saver.
 

Tier Effective rate if withdrawal is made
Gross Rate p.a. AER (variable) Net Rate p.a.
£1+ 0.10%  0.10% 0.08%
Tier Effective rate if no withdrawals are made
Gross Rate p.a. AER (variable) Net Rate p.a.
£1+ 0.75% 0.75% 0.60%

 

Interest will be paid net, unless evidence is provided to confirm your eligibility to receive interest gross.

Businesses such as Limited Companies, Charities, Local Authorities and Pension Funds are eligible to receive interest without deduction of tax, subject to the correct documentation being provided.

All interest rates are effective as at 21 July 2014.

Please see the Key Facts Document on the Terms & conditions tab for full details.

If you opened your account before 21 July 2014, you have slightly different rates and fees. See Interest rates and fees for products no longer on sale

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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 refer to them in the future.

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Please make sure you read the product terms and conditions, including the product factsheet, before you apply.

You can apply if you:

  • have a business that's registered in the UK

  • live in the UK - all account operators must live in the UK

  • are aged 18 or over.

  • have up to two directors, owners (shareholders) or partners

  • are either a sole trader, or your business is a partnership, limited liability partnership, private limited company, or a trust.

If you have more than two directors, owners (shareholders) or partners or your business entity isn't listed above, please visit Corporate & Commercial Banking.

You can apply for a single account or a joint account with up to 10 account holders.

Apply by phone
Call us on 0800 077 8839.

Lines open 8am to 7pm Monday to Friday.

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

Frequently asked questions