From this month Santander UK will be introducing a new cashback deal for its 123, 123 Lite, Select and Private current account customers. New and existing Santander life protection1 policyholders will be eligible to receive two per cent cashback on premiums paid by direct debit from their Santander current account2.

The new cashback category further strengthens those already available on these current accounts:

  • one per cent:
on water and council tax bills;
on the first £1,000 paid towards a Santander monthly
residential mortgage payment.
  • two per cent:
on gas and electricity bills;
on Santander home insurance premiums (policies 
administered and underwritten by Aviva Insurance Limited);
on Santander life protection premiums (policies administered
 and underwritten by Aviva Life & Pensions UK Limited).
  • three per cent:
on mobile and home phone bills, broadband and paid for TV

Santander’s Life Protection products include a range of decreasing, increasing and level term cover as well as critical illness and over 50s protection.

Matt Hall, Santander UK Director of Banking and Unsecured Credit said: “We are always looking at ways to increase the value we give our customers and help them make more of their money. Life protection is such an important part of family financial planning so it’s great to be able to give a little back with this new cashback category.”

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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. The new cashback category applies to Santander life protection policies administered and underwritten by Aviva.
  2. The 1|2|3 Current Account and Select Current Account have a £5 monthly account fee and the 1|2|3 Lite Current Account has a £1 monthly account fee. To earn cashback you must pay in at least £500 a month (excludes internal transfer) and have at least two active Direct Debits. 1|2|3 Lite Current Account customers must also log on to Online or Mobile Banking at least once in every three months. Cashback is paid monthly. You may hold a maximum of two 1|2|3 Current Accounts or Select Current Accounts, one in your name and one in joint names. You must be 18 or over and a UK resident.

About Us

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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