- Up to £100 cashback for 1|2|3 World, Select and Private customers investing with Santander
- Customers can earn 0.5% cashback on the amount invested between now and 15 June 2018
- A wide range of investments from across the market are available via the Santander Investment Hub – a secure, efficient, straightforward platform which aims to make investments more affordable and accessible to all
Santander UK announces the launch of its new offer of up to £100 cashback on any of its investment products, including Santander Stocks and Shares ISA, between now and 15 June 2018. All 1|2|3 World, Select and Private customers can benefit from cashback of 0.5% (up to a maximum of £1001) on the total amount invested with Santander during the offer period.
For customers making their own investment decisions, they can invest on the Santander Investment Hub by applying online via our secure, efficient, straightforward platform. The online service provides customers with a wide range of investment fund options from Santander Asset Management funds as well as around 1,300 funds from some of the world’s other leading fund managers to meet varying needs as customers plan for the future.
Alexia Kilby, Head of Investments at Santander UK, said: “In this low interest rate environment, we want to make investing an option for more of our customers, some of whom may not have considered investments previously. Our education site is dedicated to demystifying investments making them more accessible for customers who, alongside other savings options, can benefit from our new competitive cashback aimed at contributing towards their long-term investment goals.”
With just £20 per month by Direct Debit, or a £100 lump sum, customers can access the investment platform via Santander.co.uk, which gives them a unique advantage of being able to view all of their Santander holdings in one place – everything from their mortgage, and savings, to their insurance and current account. Customers also have the added benefit of consolidating their investments held with other providers onto the Investment Hub which will enables them to have a complete overview of their finances.
Alternatively, investments can be made through our Santander Financial Planning Service, with face-to-face advice from one of our Financial Planning Managers or Private Bankers. Customers who are paying into an existing investment can also contact our Investment Centre.
Santander.co.uk also features a Guide to investing as well as Investment Hub videos for tips on how to make the most of the Investment Hub. Our dedicated education site also features different approaches to saving and investing as customers plan for their future.
The value of investments and any income from them can go down as well as up, and you may get back less than the full amount you invest. Stocks and Shares ISAs and all other investment products have their own eligibility criteria and subscription minimums and maximum limits. Santander’s Financial Planning Service also has eligibility criteria.
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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 We are offering 0.5% cashback for 1|2|3 World, Select and Private customers who invest in any of our investment products including funds, structured investments and structured deposits during the offer period (10 March 2018 to 15 June 2018). 1|2|3 World covers all our 1|2|3 products including the 1|2|3 Current Account and 1|2|3 Lite Current Account.
The 0.5% cashback will be paid on the total amount invested (either through Financial Planning in Branch, Santander Private or via the Investment Hub) during the offer period (subject to a maximum of £100 cashback).
To qualify for the maximum £100 cashback, a customer would need to deposit £20,000 during the offer period. Each customer is eligible for one cashback amount only. This will take into account the total amount invested paying into a new or existing investment or a solely held or jointly held investment. Deposits held as cash on the Investment Hub are not eligible.
Set out below are the main examples of when you’ll be eligible for the cashback offer during the offer period:
- regular payments into a solely held or jointly held investment during the offer period;
- lump sum amounts into a solely held or jointly held investment during the offer period;
- lump sum investment into a stocks and shares ISA or non-ISA investment;
- ISA transfer-ins (from cash ISA, stocks and shares ISA or other types of ISA) where Santander accepts the transfer in of that type of ISA and the transfer is completed and money is received from your previous provider, during the offer period; or
- re-registrations to the Santander Investment Hub from other investment providers. The cashback paid will be based on the value of assets being re-registered when the transfer completes on or before 15 June 2018.
There are other situations when you would also be eligible. Customers are eligible for the cashback offer if they haven’t transferred out, withdrawn or cancelled before the cashback is paid on 31 August 2018.
For Santander Investment Hub customers, the cashback will be paid on 31 August 2018 into their Cash Only account. For those customers who don’t have a Santander Investment Hub account but are a 1|2|3 World, Santander Select or Private customer, the cashback will be paid to the relevant Santander current account or Santander instant access account.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2017, the bank serves around 14 million active customers with c19,500 employees and operates through 806 branches (which includes 61 university branches) and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful market share in 10 core countries in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. At the end of 2017, Banco Santander had EUR 986 billion in customer funds (deposits and mutual funds), 133 million customers, 13,700 branches and 200,000 employees. Banco Santander made attributable profit of EUR 6,619 million in 2017, an increase of 7% compared to the previous year.
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