Santander announces change to interest rate on Easy Access Saver Limited Edition (Issue 3)

From 20 May 2024, Santander UK will be changing the interest rate offered on its off-sale, variable rate Easy Access Saver Limited Edition (Issue 3) account. It currently pays 5.20% AER on balances up to £250,000, which will change to 4.20% AER.

From today, 8 March, Santander will be contacting all Easy Access Saver Limited Edition (Issue 3) customers to provide them with two months’ notice of the new rate, which will continue to offer a near top of market return for an easy access saver account.

The reduction is due to the current market conditions. 

All other terms of the account, remain the same and customers can access their money at any time with no charges.

Easy Access Saver Limited Edition (Issue 3) launched in September 2023. 

Santander continues to offer a range of other savings products including:

  • Santander Edge Saver providing 7.00% AER / 6.78% gross (variable) interest on balances up to £4,000 (includes 2.50% AER (variable) bonus rate for the first 12 months from opening) exclusive for Santander Edge current account customers.
  • Regular Saver providing 5.00% AER/gross (fixed) for 12 months. Save up to £200 a month paid by standing order from a Santander current account.
  • Easy Access Saver providing 1.70% AER/gross (variable) for 12 months.

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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. 

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2023, the bank had around 19,800 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 444 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, STD US, BNC LN) is a leading commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. 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. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of 2023, Banco Santander had €1.3 trillion in total funds, 165 million customers, 8,500 branches and over 212,000 employees.