£125 switch incentive & linked saver
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.
Whether you’re looking for flexibility or maturity, Santander might have the saving account for you. Here’s what you need to know. Raisin UK makes it easier to apply for deposit protected savings accounts. Our savings service connects you with a range of banks and includes exclusive savings accounts and rates; all curated to help you earn more from your savings:
Grow your savings at Raisin UK
Raisin UK makes it easier to apply for deposit protected savings accounts. Our savings service connects you with a range of banks and includes exclusive savings accounts and rates; all curated to help you earn more from your savings:
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:
A cash ISA is a savings account where you don’t pay tax on the interest you earn. There’s a limit on the amount you can deposit into ISAs each year, which is set by the government.
2 year fixed-rate ISA
Help to buy ISA
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.
Yes. Santander offers a junior ISA for children under the age of 18. No withdrawals or closures are allowed until the account matures on the child’s 18th birthday.
Santander’s basic junior ISA has a decent interest rate. You can get better elsewhere. However 1|2|3 World or Santander Select customers get a higher junior ISA rate – one which is very competitive.
You’re allowed to transfer a junior ISA to or from another bank at any time, though. Bear in mind your child can only have one junior ISA at any one time.
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