Santander's 1|2|3 Student Current Account offers interest of up to 3%, a free 4-year 16-25 Railcard and is once again set be the most popular UK student account2.

The account also offers an interest-free and fee-free arranged overdraft up to a maximum of £1,500 in the first three years of study, £1,800 in year four and up to £2,000 in year five.

Robin Foale, Managing Director of Santander Universities UK said: “With strong interest rates and discounted travel, our award-winning4 1|2|3 Student Current Account is perfect for students as they become more aware of their finances, and for many, financially independent for the first time. We hope the value of our offer will mean we can yet again be the bank of choice for students2 as we continue to see students, as well as adults5, choosing to join the 1|2|3 World.”

“We know that many students are always on the look-out for ways to make their money go further. With a 4-year 16-25 Railcard students can save up to £7521 on train fares so they can travel to see friends and family for less.” Andrew Robertson, Head of Marketing for National Rail.

Students whose parents have Santander Home Insurance with contents can have their belongings covered under their parents’ policy3 for up to £10,000 loss or damage whilst living away at University.

Since 2007, Santander Universities has invested £40 million in the UK and this is expected to exceed £60 million by the end of 2016. The bank supports higher education with a number of schemes to provide financial support, investment and opportunities to students all over the UK, including scholarships and internships. Santander Universities has 81 direct UK University relationships and partnerships continue to expand.

To open an account or for more information, log on to or visit your nearest branch. Alternatively, please visit


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. Average annual 16-25 Railcard saving over 4 years based on multiplying the latest 16-25 Railcard saving figure from April 2015 – March 2016 by four is £751.64.

  2. Santander had a 47% Market Share of new student accounts in 2015, scoring #1 according to CACI.

  3. Cover is subject to terms and conditions, restrictions and exclusions. Full details can be found at  

  4. Winner of the Your Money Awards 2015: Best Direct Student Banking Provider

  5. UK Payments Council/CASS data Q4 2013 – Q3 2015 confirms Santander is the #1 choice for current account switchers.

Santander's 1|2|3 Student Current Account offers:
Credit interest on the balance;
-1.00% AER/gross (variable) on balances £100 or more
-2.00% AER/ 1.98% gross (variable) on balances £200 or more
-3.00% AER/ 2.96% gross (variable) on balances £300 or more (up to £2000)

Interest-free and fee-free Arranged Overdraft;
-£1,500 in years 1, 2 and 3
-£1,800 in year 4
-£2,000 in year 5

VISA debit contactless card (subject to status).

Easy access-withdraw up to £300 daily without charge.

Online and Mobile banking - allowing customers to check statements, pay bills, move money and lots more.

1|2|3 Postgraduate Current Accounts offers:
Interest-free and fee-free Arranged Overdraft; - £1,500 in years 1, 2 and 3 - £1,800 in year 4.

1|2|3 Graduate Current Account offers;
Interest free and fee-free arranged overdraft; up to £2,000.

Terms and conditions apply. Please visit

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 1|2|3 products for retail customers and relationship banking model for UK SMEs. As at 31 December 2015, Santander UK was one of the most switched to banks. The bank serves more than 14 million active customers with c. 20,000 employees and operates through 857 branches and 70 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.

Santander Universities
Santander, through Santander Universities, tops the list of Fortune 500 in investment in education (Source: Varkey Report/UNESCO). The Bank has established partnerships with over 1,200 universities in 20 countries, of which 81 in the UK. Through these agreements Santander promotes entrepreneurship, employability and internationalisation.

Banco Santander (SAN.MC, STD.N, BNC.LN) is a leading retail and commercial bank, based in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. Santander is the largest bank in the euro zone by market capitalization and among the top banks on a global basis. Founded in 1857, Santander had EUR 1.51 trillion in managed funds, 13,000 branches and 194,000 employees at the close of 2015. In 2015, Santander made attributable profit of EUR 5,966 million, a 3% increase with respect to the previous year.

Media Enquiries
Sarah Webster      Tel: +44 (0) 207 756 5533      Mob: +44 (0) 7568112529
Lara Lipsey           Tel: +44 (0) 20 7756 4518      Mob: +44 (0) 7713 560209

The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.