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Business Reward Saver

Santander Business Reward Saver

All the benefits of an instant access account, plus a better rate of interest when you don't make withdrawals. For businesses with an annual turnover of up to £250,000.

  • Easy, instant 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
Use your smartphone to bank on the go with our Business Banking App, available on iPhone, iPad and Android. To access it just search for 'Santander Business Banking' in your app store and log on using your existing Online Banking log on details. Or type bb.santander.co.uk into your mobile’s browser and use your usual Online Banking log on details. More on Mobile Banking

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 0845 607 0666. 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.

For the full list of interest rates and fees, see the Business Savings Accounts Key Facts Document.

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.

To view these documents, you may need to download Adobe Reader

 

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

  • turnover up to £250,000 annually. If you turnover more than £250,000, visit Corporate and Commercial Banking

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

  • are aged 18 or over.

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.

Frequently asked questions