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Easy Access Saver

An instant access savings account

 

The Easy Access Saver comes with

 

Account name

Easy Access Saver (Issue 25)

What is the interest rate?

AER/Gross (variable) for 12 months from account opening

If interest is paid annuallyIf interest is paid monthly
1.70% AER / gross (variable)1.70% AER / 1.69% gross (variable)
  • We work out the interest we’ll pay on your account each day.
  • You can choose whether you want us to pay interest monthly or yearly into your account. Once you’ve chosen, you can’t change your mind. 

We’ll pay the interest on the monthly or yearly anniversary of the day you opened the account.

Can Santander change the interest rate?

Yes, we can change the interest rate on this account as explained in the general terms.

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

Account nameInterest earnedBalance after 12 months
Easy Access Saver£17.00£1,017.00

To work out the estimated balance, we’ve assumed that: 

  • The account is opened and the initial payment into the account is made on the first day of the month.
  • You don’t pay in any more money or take any out.
  • We pay interest yearly back into the account.
  • There is no change to the interest rate.

These illustrations are only examples and don’t take into account individual circumstances.

 

How do I open and manage my account?

Eligibility

You can have this account if you’re 16 or over and live in the UK.

You can have an account in your sole name or jointly with one other person.

How to open the account

You can apply on our website, using Online or Mobile Banking, in branch or over the phone.

Managing the account

You can manage your account in branch, on our website, using Online or Mobile Banking, or over the phone.

Paying money in 

Minimum balance: £1. Maximum balance £2 million.

 

Can I withdraw money?

Yes, you can make payments out of your account on our website, using Online and Mobile Banking, in branch or over the phone. If you want to make cash withdrawals by card, you can link your account to any Santander cash card you already have.

At the end of the term

The term of the account is 12 months. At the end of the term, we’ll transfer your account to an Everyday Saver. We’ll contact you with more details, including your new interest rate, before the term ends.

 

Additional information

Tell us if you change your mind

You can close your account at any time during your ‘cancellation period’ – we won’t charge you for it. This is 14 days, starting the day after we confirmed your account is open.

If you do this, we’ll return your money together with any interest we owe you. We’ll do this as soon as we can (and within 30 days from when you tell us). 

You can also close your account at any other time outside this cancellation period – we won’t charge you.

Tax status

We pay interest without taking off income tax. This is known as ‘gross’ and the interest rate we give you reflects this. If the total interest you receive in a tax year is more than any Personal Savings Allowance that applies to you, you may have to pay tax on it. You’ll need to do this directly with HMRC. 

Statements

We’ll send you a statement once a year in April in Online and Mobile Banking.

Subject to availability and may be withdrawn without notice. Rates and information correct as at 4 December 2023.

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.

To view these documents, you may need to download Adobe Reader

This account also comes with

Telephone Banking

Online and Mobile Banking

with text and emails alerts

Access to the Santander branch network

Easy Access Saver Key Product details and Terms & Conditions

Everything you need to know before you apply
You can find links to important documents with contractual information and product details below. You should read and consider these documents before applying. By continuing, you are confirming you agree to these. You should print or save copies of these documents for further reference and records. If you have any questions regarding the agreement, or you require further information please contact us

The Key Facts Document for eSaver contains specific conditions relevant to the account.

To view these documents, you may need to download Adobe Reader 

Apply
Apply (joint account)