Our Client Saver Account offers a competitive rate of interest to regulated businesses that need to keep their clients’ money separate from their own, such as solicitors. It is available to existing Santander Business Current Account customers.
With this account you get
Easy access to your money
The ability to save from £1 to £2 million
0.15% gross/AER (variable) interest up to and including 31 October 2016. After this date the interest rate will reduce to 0.10% gross/AER (variable)
Unlimited withdrawals and additional deposits up to a balance of £2 million
The ability to make withdrawals or deposits online or by phone
Interest paid monthly
We offer two types of Client Saver Account:
A designated account is for businesses that need to hold money on behalf of a single client such as auditors, tax advisers or property managers for holding rental income
A general (pooled) account is for regulated businesses, such as solicitors, who’re involved in financial and property transactions, as well as landlords and property managers for holding tenants’ service charges and security deposits
Please read the full product details and terms & conditions before applying. Other
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
For account servicing, call us on 0800 731 6666. Lines open 8am to 9pm Monday to Friday and 8am to 2pm Saturdays. More on Telephone Banking
Client Saver - Interest Rates
Interest is paid monthly.
|Tier||Effective rate if withdrawal is made|
|£1+||Gross Rate p.a.||AER (variable)|
0.15% 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 0.10% 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.
Rates Correct as at 18 August 2016.
Please see the Key Facts Document on the Terms & conditions tab for full details.
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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.
General Terms & Conditions (pdf) including Terms of Business
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 for a Client Saver if:
Please note: we may need to verify that you’re regulated by an appropriate body.
Apply in branch
Contact your local branch to see if a Local Business Manager is available to support you.
No - as you are an existing Santander Business Current Account customer, we have already conducted the necessary checks on you and your business. We may, however, need to verify the source of your clients’ funds once you deposit into your Client Current Account.
No - there are no cards available on either the Client Current Account or the Client Saver. You can, however, operate your client accounts through our Online Banking and Mobile Banking apps and via the telephone.
If your client’s funds are held in an undesignated account along with other clients’ funds, you don’t need to change any details.
If your client’s funds are held in a designated account and it is no longer required, you should close the existing account. If a designated account is required for another client’s funds, you should open a new designated account. You should contact your local branch if you need to apply for a new account.
Speak to the Local Business Manager who opened your account and they can advise on progress.
You can access your client account via Online Banking, Mobile Banking and over the phone in exactly the same way that you currently access your business account.