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The Santander Foundation today announced a £1miilion donation to Age UK and Alzheimer’s Society to support some of the most vulnerable people in the community following the outbreak of COVID-19.

Santander UK has introduced a wide range of new measures designed to provide financial support for personal and business customers during the Coronavirus crisis.

Following today’s decision to decrease the Bank of England base rate by 0.15% to 0.10%, Santander can confirm it will be passing on the full rate cut to its Standard Variable Rates (SVRs) and its Follow-on Rate. The 0.15% reduction will also be reflected across its base rate mortgage trackers.