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Regular Saver Bank Account
Most Popular

AER (Annual Equivalent Rate) on balances   8.00%

Minimum amount to open   £1.00

Type of account (Instant Access Savings, Cash ISA, Fixed Rate Savings Bond, etc)   Regular Saver

 

 

 Do you Qualify?

 

  • The Regular Saver is exclusively available to all Santander current account customers, including customers with a Santander Everyday, Edge, Edge Student, Edge Up and Explorer current account.
  • New customers can additionally benefit from Santander’s latest switching offer, £180 when they switch to a Santander current account and meet the qualifying criteria.

Important information

 

  • 8% AER which includes a 5.00% AER/gross (variable) bonus for the first 12 months ,after 12 months, the interest reduces to 3.00% AER/gross (variable), helping customers build up their savings for the long-term.
  • Save up to £200 a month
  • The maximum balance you can have in this account at the end of 12 months is £2,400
  • Withdrawals can be made at any time 
  • You can cancel the account within 14 days
Everyday Saver Bank Account

AER (Annual Equivalent Rate) on balances   1.00 %

Minimum amount to open   £1.00

Type of account (Instant Access Savings, Cash ISA, Fixed Rate Savings Bond, etc)   Everyday Saver

Do you Qualify?

 

  • Be a UK Resident 
  • Be aged 16 or above

Important information 

 

  • 1.00% AER/1.00% gross p.a. 
  • Open from £1 - Maximum balance £10M
  • Open and manage your account using our app, Online Banking, by phone or in a branch
  • You can get a card to withdraw up to £300 per day from Barclays or LINK cash machines in the UK
Fixed Cash ISA 1 Year
Fixed Cash ISA 1 Year

AER (Annual Equivalent Rate) on balances   3.75%

Minimum amount to open   £500.00

Type of account (Instant Access Savings, Cash ISA, Fixed Rate Savings Bond, etc)   Fixed Cash ISA 1 Year

Amplify. A higher rate of interest will help your savings grow.

Do you Qualify?

 

  • You must be aged 16 or over and resident in the UK for tax purposes.

Important information

 

  • You can open this account online or via telephone.
  • This account is accessed and managed online.
  • You pay money in from your Nominated Account or from an existing Ford Money account, subject to the Terms and Conditions of that product.
  • Your initial deposit must be received within 14 days from the date we receive your application.
  • Minimum initial deposit £1.
  • Minimum balance £1, maximum balance £2,000,000.
  • You can make an unlimited number of deposits and transfers in, within 14 days from the date we receive your application. After this deposit window no additional deposits are permitted.
  • The maximum amount of new money you can subscribe to a Cash ISA per tax year is set by HMRC ISA Guidelines.
  • Transfers in are accepted, in line with HMRC ISA Guidelines.
Fixed Cash ISA 2 Year
Fixed Cash ISA 2 Year

AER (Annual Equivalent Rate) on balances   3.80%

Minimum amount to open   £500.00

Type of account (Instant Access Savings, Cash ISA, Fixed Rate Savings Bond, etc)   Fixed Cash ISA 2 Year

Amplify. A higher rate of interest will help your savings grow.

Do you Qualify?

 

  • You must be aged 16 or over and resident in the UK for tax purposes.

Important information

 

  • You can open this account online or via telephone.
  • This account is accessed and managed online.
  • You pay money in from your Nominated Account or from an existing Ford Money account, subject to the Terms and Conditions of that product.
  • Your initial deposit must be received within 14 days from the date we receive your application.
  • Minimum initial deposit £500.
  • Minimum balance £500, maximum balance £2,000,000.
  • You can make an unlimited number of deposits and transfers in, within 14 days from the date we receive your application. After this deposit window no additional deposits are permitted.
  • The maximum amount of new money you can subscribe to a Cash ISA per tax year is set by HMRC ISA Guidelines.
  • Transfers in are accepted, in line with HMRC ISA Guidelines. 
Fixed Cash ISA 3 Year
Fixed Cash ISA 3 Year

AER (Annual Equivalent Rate) on balances   3.90%

Minimum amount to open   £500.00

Type of account (Instant Access Savings, Cash ISA, Fixed Rate Savings Bond, etc)   Fixed Saver 3 Year

Momentum. A fixed rate of interest means your savings will always be growing.

Do you Qualify?

 

  • You must be aged 16 or over.

Important information

 

  • This account can be held jointly with one other person.
  • You can open this account online or via telephone.
  • This account is accessed and managed online.
  • You pay money in from your Nominated Account or from an existing Ford Money account, subject to the Terms and Conditions of that product.
  • Your initial deposit must be received within 14 days from the date we receive your application.
  • Minimum initial deposit £500.
  • Minimum balance £500, maximum balance £2,000,000.
  • You can make an unlimited number of deposits within 14 days from the date we receive your application. After this deposit window no additional deposits are permitted.
  • Withdrawals during the term are not permitted.

How it works

Finding the right savings account for you is simple. Follow the steps below to apply for your perfect savings account, direct with the provider.

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Decide what type of account you need.

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Click Icon Click

Click through to the provider’s site.

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Apply in person or via phone or online.



What is a savings account?

A savings account is an account designed to be a place for you to store money that you don’t intend to use every day, and you earn interest on credit balances.  Different to a bank account, you can’t set up standing orders or direct debits from a savings account, however, many savings accounts offer a debit card facility.

How do savings accounts work?
Money that you pay into your savings account earns you interest.  This is because the bank loans that money to other customers, at a higher interest rate than they pay you. This makes the bank money, and means they are able to pay you interest on the money you are saving.  Usually, the longer you agree to lock away your savings, the higher the interest rate the bank will pay you.  

What are the advantages of savings accounts?
Savings accounts are a great way to save money and earn interest on your savings.  Depending on the type of savings account you choose, the interest you earn can be tax free, meaning you maximise your savings.

What are the disadvantages of savings accounts?
Depending on which savings account you choose, there can be restrictions on how quickly you can get access to your money, with penalties charged by the savings account provider if you need to withdraw some of your money quickly.  It’s a good idea to check the terms and conditions of the savings account before you apply, to make sure that the account you choose is right for your circumstances.

What types of savings accounts are there?
There are lots of options available when it comes to choosing a savings account.  These options include ISAs, easy access savings accounts, notice-savings accounts, regular savings accounts, fixed-rate bonds, monthly interest accounts and Help to Save accounts.  It is a good idea to research all options carefully before making a decision, so that you choose the savings account that’s right for you.

What is savings interest? -

Savings interest is money that you earn on savings. The amount of interest you earn is determined by the rates set by your provider.

Do I have to pay tax on interest I earn from savings accounts? +

Depending on your circumstances and the type of savings account you have, you may have to pay tax on any interest you earn. This is because interest on savings is classed as earnings. There are some types of savings accounts that allow you to earn interest without paying tax on it (such as ISAs), but there are restrictions on how much you can save in these accounts each year. Before opening an account, it is a good idea to understand the terms and conditions, and any restrictions associated with the savings account.

What is different about a bonus rate savings account? +

Bonus rate savings accounts are designed to encourage (and reward) savers who don’t dip into their savings. If you don’t make withdrawals, you receive a bonus interest rate, meaning that you will earn more interest on your balance.

Can I take money out at any time? +

This depends on the savings account. Most instant access savings accounts are just that - instant access. But there are some accounts that require days, weeks or even months notice, and some will impose a penalty that can be the equivalent of several months interest, depending on your savings balance. Before you open a savings account, make sure you think about how often you may need to dip into your savings, and understand the account provider’s policies to prevent a costly mistake.

Savings Accounts FAQs