Select Easy Access Saver
A savings account with instant, penalty-free access
What you can get
- 2.50% / 2.47% (variable) for 12 months
How it works
- be a Santander Select customer already
- qualify for Santander Select
- After 12 months, we’ll transfer your account to an Everyday Saver. Before the term ends, we’ll let you know what your new interest rate will be.
Account name
Select Easy Access Saver (Issue 1)
What is the interest rate?
AER/gross (variable) for 12 months from account opening
| Tier | Select Easy Access Saver - If interest is paid annually | Select Easy Access Saver - If interest is paid monthly |
|---|---|---|
| £1+ | 2.50% AER / gross | 2.50% AER / 2.47% gross |
- We work out the interest we’ll pay on the 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 estimate balance be after 12 months based on £1000 deposit?
| Account name | Interest earned | Balance after 12 months |
|---|---|---|
| Select Easy Access Saver | £25.00 | £1,025.00 |
To work out the estimated balance, we’ve assumed that:
- The account is opened and the initial payment into the account is made on 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.
At least one account holder must meet the Santander Select eligibility criteria. That means one of you must hold a Santander UK current account, and either:
- pay your main income of at least £5,000 per month into a Santander UK current account (excluding transfers from other Santander UK accounts); or
- hold at least £75,000 in any Santander UK investments, savings and/or current account.
If you have a joint account, this means the other account holder may become aware of your status as a Santander Select customer.
How to open the account
You can apply:
- in branch
- on our website
- through Mobile or Online Banking
- over the phone.
Managing the account
You can manage the account in Mobile or Online Banking, over the phone, or in your local branch.
Paying money in
Minimum balance: £1. Maximum balance: None.
Can I withdraw money?
Yes, you can make payments out of your account using Online Banking, Mobile Banking, branch and telephone. 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
Subject to availability and may be withdrawn without notice. Rates and information correct as at 26 March 2026.
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.
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
Statements
- We'll send your documents, statements and some of your letters as e-Documents. We'll add them to your mailbox in Mobile Banking. In Online Banking, you can find them in your 'Statements and documents’.
- You'll need to provide us with a valid email address, so we can let you know when we've sent you an e-Document. It’s important you tell us if your email address changes. You can change your details in Mobile and Online Banking.
- The easiest way to update your paper-free preferences is in Mobile and Online Banking. You can also contact us or visit your local branch.
- You can order a paper copy of a statement in Chat, by phone or in branch. You can also ask for your statements in an alternative format, such as braille.
- We’ll send you a yearly statement in April.
What happens at the end of the term?
1. Before the term ends, we’ll contact you
The term of the account is 12 months.
Before the term ends, we’ll be in touch with more details. This includes the date your account term ends, the current interest rate and the new interest rate.
2. We’ll transfer you to an Everyday Saver
On the date your account term ends, we’ll transfer your Select Easy Access Saver to an Everyday Saver with a new interest rate.
3. Explore our savings range to earn higher interest
We have a range of savings accounts with higher interest rates than the Everyday Saver. Explore our range. Explore our range and move your money into a new account.