Treasurer's Savings Account

Access your savings anytime

Treasurer's Savings Account

What you can get

  • Interest of 0.60% AER/gross (variable)
  • Instant access using Online Banking, Telephone Banking and with a cash card
  •  Text and email alerts

Eligibility

  • You have a club, society, charity, or other not-for-profit organisation operating in the UK
  • Your organisation has an annual turnover of up to £250,000
  • All directors, owners (shareholders) or partners are aged 18 or over and UK resident

Account name

Treasurer's Savings Account

What is the interest rate?

  • 0.60% AER/Gross (variable)
  • Interest calculated daily and added to the account monthly

Can Santander change the interest rate?

Yes, the rate can go up or down e.g. in response to industry and market conditions. If the rate goes down, we’ll let you know at least two months before the rate changes. This is detailed in Condition 17 in our General Terms & Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Account name

Interest earned

Balance after 12 months

Treasurer's Savings Account

£6.00

£1,006.00

Estimate assumes that deposit made on 1st of the month and no change to interest rates.

This illustration is only an example and doesn't take into account individual circumstances.

How do I open and manage my account?

Eligibility
You can apply for a Treasurer's Savings Account if:

  • You are a UK resident aged 18 or over and your organisation is not-for-profit such as a club, society, or charity.
  • Your organisation has an annual turnover of up to £250,000.

If your annual turnover is greater than £250,000 please visit santandercb.co.uk to see the products and services available to our corporate and commercial customers.

Opening

You can apply:

Deposits

  • Minimum opening and account balance of £1. There is no maximum balance.
  • Deposits can be cash, cheque, electronic payment and faster payments via CHAPS & SWIFT. You can also transfer to/ from another Santander account

Managing the account

  • Via online/ mobile, cash machine, post or telephone by calling our Business Banking Centre on 0800 731 6666
  • Alerts
  • You don't have to wait for your statement to arrive or to log on to find out something has happened on your account any more. By setting up the alerts you want in Online Banking we can send you a text or email when it happens - such as when your balance goes above or below a certain amount. More on alerts

Can I withdraw money?

  • Yes, withdrawals can be made by post, telephone, online/ mobile banking and from any LINK cash machine. There is no charge for withdrawals from UK LINK machines.
  • Cash withdrawals (at Santander or LINK network machines) are limited to £500 per day.

Additional information

Cancellation period

  • You can cancel the account within 14 days of opening and your money will be returned in full with any interest.

Closing the account

  • You or we may close your account at any time by giving the other party notice. If we decide to close your account, we will, wherever possible, give you at least two months' notice as described in our Business Banking Terms and Conditions and Important Information, unless there are exceptional circumstances, such as fraud. You can close your account by calling the Business Banking Centre on 0800 731 6666.

Tax status

  • Interest payments will be calculated using the gross rate. This means all the interest we pay you will be without tax deducted.

Full Account details can be found in the Key documents section.

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Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

 

Have you got the right ID?

 

If you are opening a Santander Treasurer's Savings Account, we need to check your personal identity and we may need to check the existence of your organisation. Check you've got the ID you'll need to open the Treasurer's Savings Account