eSaver

Make deposits and withdrawals online

eSaver

What you can get

  • 0.40% AER/Gross (variable) for the first 12 months

Eligibility

  • You’re a UK resident aged 16 or over

 

Account name

eSaver (Issue 15)

What is the interest rate?

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

Tier

eSaver - If interest is paid annually

eSaver for 1|2|3 World or Santander Select customers - If interest is paid annually

eSaver - If interest is paid monthly

eSaver for 1|2|3 World or Santander Select customers - If interest is paid monthly

£1+

0.40%

0.50%

0.40%

0.50%

Interest is calculated daily and added to this account annually or monthly. Once the frequency has been chosen (annual or monthly interest), this can’t be changed.

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 around 2 months before the rate changes. 

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

Account name

Interest earned 

Balance after 12 months

eSaver

£4.00

£1,004.00

eSaver for 1|2|3 World or Santander Select customers

£5.00

£1,005.00

Estimates assume that the account is opened and deposit made on 1st of the month, interest is paid annually and no change to interest rates.

 

At the end of term

The term of the account is 12 months. On maturity we’ll transfer your account to an Everyday Saver, currently paying 0.35% AER/Gross (variable) for balances of £1+. We’ll notify you before we do this and tell you your options.

Estimated balance of Everyday Saver after 12 months

 

Maturing account balance transferring to Everyday Saver 

Interest earned 

Everyday Saver balance after 12 months 

eSaver  - £1,004.00

£3.51

£1,007.51

eSaver for 1|2|3 World or Santander Select customers - £1,005.00

£3.52

£1,008.52

Estimates assume no further deposits or withdrawals made and no change to interest rates.
These illustrations are only examples and don’t take into account individual circumstances.

How do I open and manage my account?

To open the account you must be:

  • a UK resident, this account can be held in single or joint names;
  • aged 16 or over; and
  • signed up or are going to sign up for Online or Mobile Banking.

To be eligible for the higher interest rate you must be a 1|2|3 World or a Santander Select customer at point of opening. For joint accounts, at least one person must be either a 1|2|3 World or a Santander Select customer.

 

Opening

  • Online and Mobile.
  • Visit any Santander branch.

 

Deposits

Minimum opening and account balance of £1, maximum of £2 million. Deposits can be made at any time via standing order, one-off payments or online transfers.

 

Manage the account

  • Online and Mobile Banking.
  • Link account to an existing Santander cash card.

Statements are issued annually in April in Online Banking only. We provide you with information about transactions on your account by posting them to Online Banking for you to view at any time. 

Can I withdraw money?

Yes, withdrawals can be made at any time by transfer to another account in Online and Mobile Banking.

Additional information

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

The eSaver is subject to availability and may be withdrawn from sale at any time without notice. Rates and information correct as at 4 September 2018.

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.

This account also comes with

Telephone Banking
Online and Mobile Banking
Access to the Santander branch network

eSaver - Product details and Terms & Conditions

Everything you need to know before you apply
Important contractual information and product details are included in documents which can be accessed via the links below. You should read and consider these documents before proceeding with your application, 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: Non 1|2|3 World or Santander Select customers
Apply: 1|2|3 World or Santander Select customers