Changes to mortgages, savings and current accounts

Personal Customers
Mortgages

 
On Thursday 2 November 2017 the Bank of England base rate increased from 0.25% to 0.50%.
 
Following this decision Santander’s Standard Variable Rate will increase by 0.25% to 4.74% from the beginning of December and the Alliance & Leicester Standard Variable Rate will remain at 4.74%.
 
All tracker mortgage products linked to the base rate will increase 0.25%.
 
These new rates will be used to calculate mortgage repayments from the beginning of December 2017.
 
If your mortgage is affected we will write to you to confirm the change to your interest rate and how much your new monthly payments will be. You will receive this letter at least 5 days before your monthly payment changes.
 
Find out more 
 
Savings and Current Accounts
On Thursday 2 November 2017 the Bank of England base rate increased from 0.25% to 0.50%.
 
All savings rates linked to the base rate will increase 0.25% from the beginning of December, as shown in the table below.

Savings Account Current Rate
New Rate from 1 Dec
Rate for Life
(0.25% above the base rate on balances of £1,000+)

£1+

£1,000+

0.10%

0.50%

£1+

£1,000+

0.10%

0.75%

Good for Life ISA
0.25% 0.50%

In addition, we will be making a number of increases to variable savings accounts, as shown in the table below.

Savings Account
 
Current Rate
 
New Rate from 4 Dec
 
Everyday Saver 0.10% 0.25%
Instant Saver 0.01% 0.10%
ISA Saver & Inheritance ISA

£1+

£10,000+

0.10%

0.50%

£1+

£10,000+

0.25% 

0.50%

Easy ISA 

£1+

£40,000+

0.10%

0.25%

£1+

£40,000+

0.10%

0.50%

Cash ISA (former TOISA)

£10+ 

£9,000+

0.10% 

0.35%

£10+

£9,000+

0.10%

0.60%

Junior ISA 2.25% 2.50%
1|2|3 Junior ISA 2.75% 3.00%
Flexible Saver for Kids 0.25% 0.50%
Treasurers Instant Saver 0.25% 0.50%
Charity Investment Account 0.25% 0.50%
Santander Shareholder Account 0.25% 0.50%

Business customers
 
On Thursday 2 November 2017 the Bank of England base rate increased from 0.25% to 0.50%.

All loans and overdrafts to UK businesses linked to the base rate will move in line with the change and in accordance with the terms of the deal. New rates will become effective from 1 December.

In addition, we will be making a number of increases to variable savings accounts, as shown in the table below.

Business Savings Account
 
Current Rate
 
New Rate from 1 Dec
 
Business Everyday Saver 0.10% 0.30%
Treasurer’s Savings Account 0.25% 0.50%
Client Saver 0.10% 0.15%
Business Reward Saver 8 0.35%* 0.50%*

*Rate reduces to 0.01% during statement month where withdrawal is made

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.