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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. Rates may change and we pay interest each month.
Jun 20, 2023 · Santander Edge Up is its latest proposition in the current account market, offering holders up to £30 a month in cashback and up to £71.77 in interest. But there are a few hoops to jump through and you need to pay a £5 a month account fee which will eat up some of your earnings.
Savings accounts interest rates Effective from 2 November 2023 Please refer to our savings brochure for information on how these accounts work, where you can open them and how you can manage them. Please ask a member of staff for details of interest rates for accounts no longer available.
- Key Features
- Will I Be Eligible?
- What More Should I Know?
- Is The Santander 1|2|3 Current Account Right For Me?
- What Are My Alternatives?
Monthly interest of 1.75% AER (variable) on balances up to £20,000Up to 3% cashback on selected household bills, capped at £5 each cashback tier each monthEarn up to 15% cashback with Santander Retailer OffersArranged overdraft facility (subject to status)To qualify for a Santander 1|2|3 Current Account, you need to be aged over 18 and live in the UK permanently. You’ll need to pay at least £500 into your account each month and set up two active Direct Debits. You can only hold a maximum of two 1|2|3 Current Accounts: one in your own name and one in joint names.
Cashback is paid in three categories: 1%, 2% and 3%. You can only earn up to £5 in each tier each month, so a maximum of £15. Account Holders get 1% cashback on council tax, mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. You’ll get 2% cashback on gas and electricity bills, plus Santander ho...
The cashback on your household bills mean the Santander 1|2|3 Current Account is a competitive proposition. If you earn the maximum cashback each month for a year (including the double cashback on energy bills for two months), you can pocket a total of £132 from Santander in the first year. However, you have to pay a £4 monthly fee to maintain the ...
Banks are fighting for current account customers at the moment. If you’re after a cash switching incentive, First Direct’s 1st Account also offers £175. If you’re a cashback fan, Virgin Money’s M Plus account offers 25% cashback for two months on supermarket and fuel spend (up to £160). If you want to switch to Santander but are put off by the £4 m...
Nov 8, 2022 · The new rate of interest will automatically apply from Tuesday, meaning customers can now earn up to £347.22 in interest per year, in addition to any cashback they earn on selected household...
Nov 8, 2022 · In this article: Santander UK has increased the rate on its flagship 123 accounts, as competition between providers ramps up. The annual in-credit interest rate on the 123, Select and Private...
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Feb 7, 2023 · The 2% AER/1.98% gross (variable) rate applies to the 1|2|3, Select and Private Current Accounts on balances up to £20,000. It will be applied automatically and means customers can earn up to £396.38 in interest each year, as well as cashback on household bills for a £4 a month fee.
