★★★★★

Santander savings accounts
Santander offers a broad range of savings accounts with interest rates up to 4%.
★★★★★
No prizes for guessing which Spanish city was the birthplace of the bank Santander. Since its entry into the UK market in 2004, Banco Santander has acquired three former British building societies and formed the retail and commercial bank that stands today. Here’s it’s current savings range.
Easy access savings accounts
Cash ISAs
Fixed-rate bonds
Regular savings accounts
Business savings accounts
Overview of Santander savings
Savings account types include | Easy access, cash ISAs, fixed-rate bonds, regular savers, business |
---|---|
Best easy access rate | 4% |
Best cash ISA rate | 2.9% |
Best fixed-rate bond rate | 3.7% |
Best regular saver rate | 2.75% |
Best business savings account rate | 1% |
Fixed bond terms | 1 year - 3 years |
FSCS protection |
Other popular accounts
Didn’t find the account type you were looking for? Check our other guides:
How do I decide which account is for me?
Firstly, you need to decide what you’re looking for in a savings account. How often are you planning to draw out money? How much money can you afford to save each month?
Typically fixed-rate bonds and ISAs give you better interest rates. So, if you’re looking to put away a lump sum to mature, then these might be what you’re looking for.
Easy-access or instant-access accounts, on the other hand, give customers more flexibility. So if you’re saving on a budget, or you’re trying to store up cash for a big spend in a few months time (a wedding perhaps), then these might be for you.
Work out what you need before comparing the different offers available for certain types of savings accounts. Once you’ve done that, it’s useful to look at:
- Interest rates
- Fees (if there are any)
- Access to cash (if you need quick access, for instance)
- Rewards and loyalty schemes (if you’re into add-ons or switching bonuses)
Does Santander offer internet or mobile banking?
Yes. It offers both physical and digital banking services. You can open any of its savings accounts and ISAs by going online, on your mobile, or heading in branch.
However, you can’t manage all types of account online or in the app. Fixed-term bonds, for instance, are “view only” in online and mobile banking.
What are the pros and cons of banking with Santander?
Pros
- Online banking. Apply for its savings accounts online or in the app. You can manage many of its savings and ISA account on your phone or computer too.
- Physical presence. There are around 1,000 branches in the UK. If you’re unsure about opening a savings account, head to your local branch and get some advice.
- Steady Regular eSaver. This option doesn’t suddenly drop its interest rates after a year. M & S and first direct give a great deal for 12 months then take it away.
Cons
- Exclusive rates. You have to switch your current account to Santander to get the competitive rates.
Our verdict
Whether you’re looking to save little and often or in big chunks, for yourself or for a child, Santander’s plethora of savings accounts means you shouldn’t have a problem finding one to suit. Just to be sure, though, check out the market’s current top offers first to see how Santander savings accounts weigh up against the competition in terms of benefits, rates and fees.
Savings ratings
Our customer satisfaction scores ("Customers say") are based on a survey of 2,224 customers carried out in December 2022.
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