When a change happens in banking regulations, it can have an impact on your savings accounts and other banking services. We always let you know about any changes in your account's terms and conditions, and we also update this page regularly so that you’re always updated about any changes.
We changed the interest rates on some of our products on 11 May 2026. Here are the details.
| Account name | Rate shown | Interest rate before 11 May | Effective from 11 May |
|---|---|---|---|
| Flexible Saver for Kids | AER/gross (variable) | 1.95% | 1.70% |
| First Home Saver | AER/gross (variable) | 2.35% | 2.10% |
| Help to Buy ISA | AER/tax-free (variable) | 2.35% | 2.10% |
| Inheritance ISA | AER/tax-free (variable) | 2.70% | 2.45% |
From 1 July 2026 we’re extending the term of Easy Access Saver Limited Edition (Issue 3) by an extra 12 months. There is no change to the interest rate.
We’ve changed the interest rates on some of our products on 14 April 2026. Here are the details.
| Account name | Rate shown | Interest rate before 14 April 2026 | Effective from 14 April 2026 |
|---|---|---|---|
| Everyday Saver | AER/gross (variable) | 1.00% | 0.90% |
| Everyday Saver (Issue 2) | AER/gross (variable) | 1.00% | 0.90% |
| Everyday Saver (Issue 3) | AER/gross (variable) | 1.00% | 0.90% |
| Private Everyday Saver | AER/gross (variable) | 1.00% | 0.90% |
| Private Everyday Saver (Issue 2) | AER/gross (variable) | 1.00% | 0.90% |
| Instant Saver | AER/gross (variable) | 1.00% | 0.90% |
| Special Reserve Account | AER/gross (variable) | 1.00% | 0.90% |
| Rate For Life | AER/gross (variable) | 1.00% for £1+ 4.00% for £1000+ | 0.90% for £1+ 4.00% for £1000+ |
| ISA Saver | AER/tax free (variable) | 1.00% | 0.90% |
| ISA Saver (Issue 2) | AER/tax free (variable) | 1.00% | 0.90% |
We’ve changed the interest rates on some of our products on 5 January 2026. Here are the details.
| Account name | Santander Edge saver (Issues 1, 2 & 3) |
|---|---|
| Interest rate before 5 January 2026 | 4.00% AER / 3.93% gross (variable) after the first 12 months |
| Interest rate from 5 January 2026 | 3.50% AER / 3.45% gross (variable) after the first 12 months |
The interest paid for the first 12 months is not changing.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.
The gross rate is the interest rate we pay where no income tax has been deducted.
The Bank of England Base rate decreased from 4.00% to 3.75% on 18 December 2025. Because of this, on 14 January 2026, we decreased the interest rate on savings accounts linked to the base rate.
| Account name | Rate shown | Interest rate before 14 January | Effective from 14 January |
|---|---|---|---|
| Good for Life ISA | AER/tax-free (variable) | 4.00% | 3.75% |
| Rate for Life | AER/gross (variable) | 1.00% for £1+ 4.25% for £1,000+ | 1.00% for £1+ 4.00% for £1,000+ |
From 28th April 2026, our Banking & Savings General Terms and Conditions include changes to:
- our account closure rights and how and when we can close your account
- when we may not make a payment
- foreign currency cheques
- international payment
- Individual Savings Accounts (ISAs)
- statements
- helping you keep on top of your account and overdraft.
You can find more information on the changes below.
Banking & Savings General Terms and Conditions (PDF - 42 KB)
We changed the interest rates on some of our products on 11 August 2025. Here are the details.
| Account name | Rate shown | Interest rate before 11 August | Effective from 11 August |
|---|---|---|---|
| Inheritance ISA | AER/tax-free (variable) | 2.85% | 2.70% |
| Junior ISA | AER/tax-free (variable) | 2.80% | 2.70% |
| First Home Saver | AER/gross (variable) | 2.45% | 2.35% |
| Flexible Saver for Kids | AER/gross (variable) | 2.05% | 1.95% |
| Help to Buy ISA | AER/tax-free (variable) | 2.45% | 2.35% |
| Easy Access ISA (Issue 22) | AER/tax-free (variable) | 1.30% | 1.20% |
| Easy Access ISA (Issue 23) | AER/tax-free (variable) | 1.30% | 1.20% |
| Easy Access Saver (Issue 26) | AER/gross (variable) | 1.30% | 1.20% |
| Easy Access Saver (Issue 27) | AER/gross (variable) | 1.30% | 1.20% |
| Private Easy Access Saver (Issue 15) | AER/gross (variable) | 1.70% | 1.60% |
| Private Easy Access Saver (Issue 16) | AER/gross (variable) | 1.70% | 1.60% |
The Bank of England Base rate decreased from 4.25% to 4.00% on 7 August 2025. Because of this, on 2 September 2025, we’re decreasing the interest rate on savings accounts linked to the base rate.
| Account name | Rate shown | Interest rate before 2 September 2025 | Effective from 2 September 2025 |
|---|---|---|---|
| Good for Life ISA | AER/tax free (variable) | 4.25% | 4.00% |
| Rate for Life | AER/gross (variable) | 1.00% for £1+ 4.50% for £1,000+ | 1.00% for £1+ 4.25% for £1,000+ |
We changed the interest rate of our Easy Access Saver Limited Edition (Issue 3) on 1 August 2025. Here are the details.
| Account name | Rate shown | Interest rate before 1 August | Effective from 1 August |
|---|---|---|---|
| Easy Access Saver Limited Edition (Issue 3) | AER/gross (variable) | 4.00% | 3.00% |
We’ve changed the interest rates on some of our products on 9 June 2025. Here are the details.
| Santander Edge saver (Issue 1) and (Issue 2) | |
|---|---|
| Interest rate before 9 June 2025 | 4.50% AER / 4.41% gross (variable) after the first 12 months |
| Interest rate from 9 June 2025 | 4.00% AER / 3.93% gross (variable) after the first 12 months |
The interest paid for the first 12 months is not changing.
The Bank of England Base rate decreased from 4.50% to 4.25% on 8 May 2025. Because of this, on 3 June 2025, we’re decreasing the interest rate on savings accounts linked to the base rate.
Accounts Linked to the Base Rate:
| Account name | Rate shown | Interest rate before 3 June 2025 | Effective from 3 June 2025 |
|---|---|---|---|
| Good for Life ISA | AER/tax free (variable) | 4.50% | 4.25% |
| Rate for Life | AER/gross (variable) | 1.00% for £1+ 4.75% for £1,000+ | 1.00% for £1+ 4.50% for £1,000+ |
We’ve changed the interest rates on some of our products on 11 February 2025. Here are the details.
| Account name | Rate shown | Interest rate before 11 February | Effective from 11 February |
|---|---|---|---|
| Everyday Saver | AER/gross (variable) | 1.20% | 1.00% |
| Everyday Saver (Issue 2) | AER/gross (variable) | 1.20% | 1.00% |
| Everyday Saver (Issue 3) | AER/gross (variable) | 1.20% | 1.00% |
| Private Everyday Saver | AER/gross (variable) | 1.20% | 1.00% |
| Private Everyday Saver (Issue 2) | AER/gross (variable) | 1.20% | 1.00% |
| Instant Saver | AER/gross (variable) | 1.20% | 1.00% |
| Special Reserve Account | AER/gross (variable) | 1.20% | 1.00% |
| Rate For Life | AER/gross (variable) | 1.20% for £1+ 5.00% for £1000+ | 1.00% for £1+ 5.00% for £1000+ |
| ISA Saver | AER/tax free (variable) | 1.20% | 1.00% |
| ISA Saver (Issue 2) | AER/tax free (variable) | 1.20% | 1.00% |
The Bank of England Base rate decreased from 4.75% to 4.50% on 6 February 2025. Because of this, on 3 March 2025, we decreased the interest rate on savings accounts linked to the base rate.
Accounts Linked to the Base Rate:
| Account name | Rate shown | Interest rate before 3 March 2025 | Effective from 3 March 2025 |
|---|---|---|---|
| Good for Life ISA | AER/tax free (variable) | 4.75% | 4.50% |
| Rate for Life | AER/gross (variable) | 1.20% for £1+ 5.00% for £1,000+ | 1.20% for £1+ 4.75% for £1,000+ |
New consumer protections for APP scams
On 7 October 2024, new rules were introduced to protect consumers from Authorised Push Payment (APP) scams.
We’ve updated our terms to explain when you might be entitled to a refund if the payment you sent was part of an APP scam. We've also explained the steps you, and we, will need to take to report and investigate any APP scam payments before we give a refund.
Changes to ISA terms
We’ve made some changes to Section F of our terms. These changes reflect the new ISA rules introduced by the government on 6 April 2024, as well as clarifying that we might place restrictions on transfers.
We’ve amended our terms to reflect that regulation allows you to pay into more than 1 cash ISA each tax year. The government has the power to change the number and types of ISAs you can pay into each tax year.
We've also explained that we might not allow all transfer requests.
The Bank of England Base rate decreased from 5.00% to 4.75% on 7 November 2024. Because of this, on 3 December, we decreased the interest rate on savings accounts linked to the base rate.
Accounts Linked to the Base Rate:
| Account name | Rate shown | Interest rate before 3 December | Effective from 3 December |
|---|---|---|---|
| Good for Life ISA | AER/tax free (variable) | 5.00% | 4.75% |
| Rate for Life | AER/gross (variable) | 1.20% for £1+ 5.25% for £1,000+ | 1.20% for £1+ 5.00% for £1,000+ |
From 1 October 2024 we extended the term of Easy Access Saver by an extra 10 months with a new interest rate of 4.00% from 1 October 2024. Here are the details
| Interest Paid | Before 1 October 2024 | From 1 October 2024 |
|---|---|---|
| Annually | 4.20% AER/gross (variable) on balances up to £250,000 | 4.00% AER/gross (variable) on balances up to £250,000 |
| Monthly | 4.20% AER / 4.12% gross (variable) on balances up to £250,000 | 4.00% AER / 3.93% gross (variable) on balances up to £250,000 |
From 1 November 2024, we’re planning to convert some of our off-sale ISAs to the accounts below. These changes only apply to some accounts. If they apply to your account, we’ll contact you using your preferred communication method. We’ll also give you a Key Facts Document that includes more information about the account you’re moving to. We will contact you by the end of August if these changes apply to your account.
The main change is to the product name. This means the interest rate will stay the same and you can continue to use your account as normal.
Moving to ISA Saver
| Existing account | New account | Changes |
|---|---|---|
| Easy ISA | ISA Saver | Product name only |
Your options
If you want to carry on using your account after it’s changed, you don’t need to do anything. However, you do have a couple of other options.
- You can close your account for free at any time.
- You could consider one of our other savings accounts
If you’d like more information, have any questions about these changes or you want to close your account, please get in touch
If your Easy ISA is changing to an ISA Saver
We’ll pay you any interest built up since your last interest payment at your existing rate when your account changes. You’ll see this in your statement after your account has changed.
When your account changes, the ISA status of your money will stay the same.
If any money is removed from your ISA it will lose its tax-free status. If the money is paid back into an ISA, this will count towards your current tax years ISA allowance. If you want to transfer your ISA to another ISA provider, you can do this by contacting the new ISA provider. They will then arrange the transfer on your behalf.
If you haven’t paid into your cash ISA for a full tax year, you might need to complete a new cash ISA application before more money can be paid in.
The Bank of England Base rate decreased from 5.25% to 5.00% on 1 August 2024. Because of this, on 15 August, we decreased the interest rate on savings accounts linked to the base rate.
Accounts Linked to the Base Rate:
| Account name | Rate shown | Interest rate before 15 August | Effective from 15 August |
| Good for Life ISA | AER/tax free (variable) | 5.25% | 5.00% |
| Rate for Life | AER/gross (variable) | 1.20% for £1+ 5.50% for £1,000+ | 1.20% for £1+ 5.25% for £1,000+ |
From 1 October 2024, we’re planning to convert some of our off-sale ISA and savings accounts to the accounts below. These changes only apply to some accounts. If they apply to your account, we’ll contact you using your preferred communication method. We’ll also give you a Key Facts Document that includes more information about the account you’re moving to. We’ll contact you by the end of July if these changes apply to your account.
The main change is to the product name. This means the interest rate will stay the same and you can continue to use your account as normal.
Moving to an ISA Save
| Existing account | New account | Changes |
| Cash ISA (former TOISA) | ISA Saver | Product name only |
| Easy ISA | ISA Saver | Product name only |
Moving to an ISA Saver (Issue 2)
| Existing account | New account | Changes |
| ISA Saver | ISA Saver (Issue 2) | Product name only |
Moving to an Everyday Saver (Issue 3)
| Existing account | New account | Changes |
| Instant Saver (NORA) | Everyday Saver (Issue 3) | Product name only |
| Instant Saver which pays interest annually | Everyday Saver (Issue 3) | Product name only |
| Instant Saver which pays interest monthly | Everyday Saver (Issue 3) | Product name only |
| Instant Saver which pays interest quarterly | Everyday Saver (Issue 3) | Product name Interest payment frequency from quarterly to monthly |
Your options
If you want to carry on using your account after it’s changed, you don’t need to do anything. However, you do have a couple of other options.
- You can close your account for free at any time.
- You could consider one of our other savings accounts.
If you’d like more information, have any questions about these changes or you want to close your account, please get in touch.
If your ISA Saver is changing to an ISA Saver (Issue 2)
We’ll pay you any interest built up since your last interest payment (at your existing rate when your account changes). You’ll see this in your statement after your account has changed.
When your account changes, the ISA status of your money will stay the same.
If any money is removed from your ISA, it will lose its tax-free status. If the money is paid back into an ISA, this will count towards your current tax year ISA allowance. If you want to transfer your ISA to another provider, you can do this by contacting the new provider. They will then arrange the transfer on your behalf.
If you haven’t paid into your cash ISA for a full tax year, you might need to complete a new cash ISA application before more money can be paid in.
If your Instant Saver is moving to an Everyday Saver (Issue 3)
We’ll pay you any interest built up since your last interest payment (at your existing rate when your account changes). You’ll see this in your statement after your account has changed.
Each tax year, you’ll get a Personal Savings Allowance. This is the amount of interest that can be received tax-free. If the interest you receive is more than the allowance, you might have to pay tax.
If you have any questions about paying tax, you’ll need to contact HM Revenue & Customs. For more information, visit gov.uk and search for ‘Personal Savings Allowance’.
The interest rate on Easy Access Saver Limited Edition (Issue 3) reduced on 20 May 2024. Here are the details.
| Interest Paid | Before 20 May 2024 | From 20 May 2024 |
|---|---|---|
| Annually | 5.20% AER/gross (variable) on balances up to £250,000 | 4.20% AER/gross (variable) on balances up to £250,000 |
| Monthly | 5.20% AER / 5.08% gross (variable) on balances up to £250,000 | 4.20% AER / 4.12% gross (variable) on balances up to £250,000 |
After 6 April 2024, you won't be able to open a new adult cash ISA with Santander if you're 16 or 17. You'll be able to open one when you turn 18. You can open a Junior ISA if you’d like one.
Changes for existing ISA customers aged 16 or 17
If you opened your cash ISA before 6 April 2024, there aren’t many changes.
- You can keep paying into your cash ISA after 6 April 2024.
- You can pay into one cash ISA per tax year.
- You can transfer any other existing cash ISAs you hold with us or another provider, to an existing cash ISA with us. Any money paid in, in the current tax year must be transferred in full.
- You can upgrade your ISA at the end of the term.
You may find that some documents you need to fill in to upgrade or pay into your ISA will say you need to be 18+. That doesn't apply to you, because you already have one. But if you're ever unsure, just get in touch and we'll confirm it for you.
At Santander, we’ve made some changes from 6 April 2024.
- We’ve updated our ISA declarations to reflect the changes from HMRC. You might be asked to sign one of these when you open your account or if you haven’t paid into your ISA for a full tax year.
- We’re no longer allowing 16- and 17-year-olds to open cash ISAs with us. You'll be able to open one when you turn 18. You can open a Junior ISA if you’d like one.
We’ve not made any other changes at this time. This means you can still only pay into one cash ISA with us. You’ll also need to complete a new declaration where you haven’t paid in to your cash ISA for a full tax year. If you choose to transfer your ISA elsewhere, you must transfer any money you have paid into it in the current tax year, in full.
Other providers may offer changes under the new rules. These could include:
- Allowing partial transfers of current tax year subscriptions.
- Letting you pay into more than one ISA of the same type within the same tax year.
The interest rate on Easy Access Saver Limited Edition (Issue 3):
| Tier | If interest is paid annually | If interest is paid monthly |
|---|---|---|
| £1 to £250,000 | 5.20% AER / gross (variable) | 5.20% AER / 5.08% gross (variable) |