You are in

Client Saver

A holding account for clients' money

Summary box

Account name Client Saver
What is the interest rate?
  • 0.10% AER/ Gross (variable)

  • Interest calculated daily and added to the account monthly on the anniversary date of account opening

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
Client Saver £1.00 £1,001.00

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 Client Saver Account if:
  • You're a regulated business that needs to keep your clients' money separate from your own;

  • All directors, owners (shareholders) or partners are aged 18 or over;

  • You have a Santander Business Current Account;

  • All directors, owners (shareholders) or partners are UK residents.

Santander UK plc reserves the right to refuse an application for a Client Saver Account.

Opening
You can apply:

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

  • You may apply for a "Designated Client Saver Account" or a "General Client Saver Account", but you must specify which at account opening;

    • a Designated Client Saver Account is used to hold client money in a single account for a single client such as auditors, tax advisers, or property managers for holding rental income. (If the Account is Designated you will name your client in your application form);

    • a General (Pooled) Client Saver Account is designed for regulated businesses such as solicitors who are involved in financial and property transactions, as well as landlords and property managers for holding tenants’ service charges and security deposits. A General (Pooled) Client Saver Account is used to hold client money in a single account for a number of clients.

Deposits

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

Managing the account

  • Via online/ mobile, post and telephone banking

  • 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 electronic transfer or telephone

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

To open these documents you will need to have Adobe Reader. Download Adobe Reader for free.

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 Saturdays. More on Telephone Banking

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 for a Client Saver if:

  • you're a regulated business that needs to keep your clients’ money separate from your own
     
  • all directors, owners (shareholders) or partners are aged 18 or over
     
  • you have a Santander Business Current Account
     
  • all directors, owners (shareholders) or partners are UK residents

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.

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.

You may also be interested in

You may also be interested in

Titulo

Lorem ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit amet, consectetur adipiscing elit ipsum dolor sit.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.