Santander launches new Regular Saver offering 8% AER for all Santander Current Accounts including fee-free Everyday Current Account

• Santander launches a market leading rate with its new Regular Saver offering 8% AER for the first 12 months.
• Available to all Santander new and existing current account customers – no switch required.
• Those who are looking to switch current accounts can benefit from an additional £180 when they switch to a Santander current account through CASS, including the fee-free Everyday Current Account.

Santander UK has today announced the launch of its new Regular Saver with an interest rate of 8.00% AER/gross (variable), which includes a 5.00% AER/gross (variable) bonus for the first 12 months, available to all Santander current account customers, including its fee-free Everyday current account customers.

After 12 months, the interest reduces to 3.00% AER/gross (variable), helping customers build up their savings for the long-term. Customers can save up to £200 a month, meaning those customers who choose to deposit the maximum amount each month, can build up the following including interest:

• £2,504 in year 1
• £5,018 in year 2¹

The Regular Saver is exclusively available to all Santander current account customers, including customers with a Santander Everyday, Edge, Edge Student, Edge Up and Explorer current account. New customers can additionally benefit from Santander’s latest switching offer, £180 when they switch to a Santander current account and meet the qualifying criteria. ²

João Soares, Head of Savings at Santander UK said: “We know customers want savings accounts that are easy to understand, offer a competitive rate and deliver value. That’s why our new Regular Saver rewards customers with a market leading rate, while supporting customers’ who want to build up a habit of saving regularly. New customers who switch their current account to us using the Current Account Switching Service can enjoy even more benefits, such as £180 to save or spend.”

Santander offers a range of current accounts including:

Everyday current account – a fee free account that makes managing money easy and brings customers an award-winning mobile banking app with an optional arranged overdraft (subject to status). 

Edge current account – for a £3 monthly fee, customers can enjoy up to £10 cashback on selected household bills and use their card abroad with no fees from us, with the requirement of paying in £500 a month and have 2 active Direct Debits.

Edge Up current account – for a £5 monthly fee, customers can earn up to £15 cashback on selected household bills, earn interest on a balance up to £25,000 and use their card abroad with no fees from us, with the requirement of paying in £1,500 each month and have 2 active Direct Debits.

Edge Explorer current account – for a £17 a month, customers can have protection and perks for them and their family, with worldwide family travel insurance, breakdown cover in the UK and Europe, UK 24/7 remote access to a GP for the family, mobile phone insurance, up to £10 cashback a month on household bills, plus further cashback at supermarkets and on travel costs, up to £10 a month and use their card abroad with no fees from us.

Customers can apply for the Regular Saver, through the Santander app, in branch or on the phone.

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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors:

1. Minimum balance for the Regular Saver is £1, and the account is limited to one account per customer. Customers must be 16 or over and live in the UK to apply. To work out the estimated balance, we’ve assumed that: The account is opened on the 1st day of the month and an initial payment of £200 is made on the 2nd day of the month; You pay in a further £200 on the 2nd of each month afterwards for a further 23 months; You don’t take any money out; and There is no change to the interest rate other than as set out above. Customers must be a UK resident switching from an external provider (not including Santander, cahoot or Cater Allen) and meet eligibility criteria to qualify for the £180 switching offer.
2. The switching incentive is not available on the Santander Edge Student account. Customers won’t qualify if anyone named on the new account held a Santander current account on 1 January 2025 or has received a switch incentive from Santander before. The offer is for a limited time and can be withdrawn at any time. Full details:  https://www.santander.co.uk/assets/s3fs-public/AD_documents/COREMC0855 APR26 PUBCDT.pdf 

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. The bank serves its customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.

Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Openbank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments. This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. At the end of 2025, Banco Santander had €1.4 trillion in total funds, more than 180 million customers, 7,100 branches and 198,000 employees.