From today (9 September) new Santander current account customers can get £36 when they open a Santander Edge current account, covering the normal £3 monthly account fee for a year1 – without having to switch. The Santander Edge current account allows customers to earn up to £20 a month in cashback as well as offering holders access to the Edge Saver paying 6.00% AER on balances up to £4,000.
The offer is open to both new and existing customers who do not currently hold a Santander current account. Customers do not need to use the Current Account Switch Service to be eligible for the offer1.
Santander’s Edge current account offers a range of features designed to help customers make their money go further, including up to £20 monthly cashback2. This includes up to £10 cashback from council tax, broadband, and mobile phone bills paid by direct debit - along with a further £10 cashback from essential debit card spending at supermarkets and on travel, including fuel and train tickets. The account also enables customers to enjoy fee-free spending abroad when using their Santander Edge debit card, free use of Santander ATMs overseas and in-app money management insights through My Money Manager.
Edge customers also benefit from access to the Santander Edge Saver, an easy access account which pays 6.00% AER / 5.84% gross (variable) interest on balances up to £4,000. Santander Edge Saver customers can earn up to £233.60 a year in interest3 and as an easy access account, customers can withdraw and deposit funds when they like.
Andrea Melville, Director of Current Accounts and Savings at Santander said: “Our Santander Edge current account is incredibly popular with our customers thanks to the long-term value it offers, with ongoing monthly cashback and fee-free spending abroad. We are pleased to be able to launch this latest offer to enable more people experience the benefits of our Edge account.”
To qualify for the £36 payment customers must:
- Open a Santander Edge current account between 9 September and 7 October 2024.
- Deposit £500 into the account within 30 days of opening.
- The account must remain open on the day Santander pays the £36 incentive into the account.
Customers who already hold a Santander current account on 8 September 2024 are not eligible for this offer, as well as customers who have previously received an incentive payment to open a Santander Edge current account.
Customers can sign up either online or in branch for the Santander Edge current account.
More information about the Santander Edge current account is available on the Santander website.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
- The £36 is a one-off payment paid in full directly into the eligible Santander Edge current account within 60 days of opening. Customer will continue to pay the £3 monthly fee to maintain the account.
- Customers must pay in £500 a month and have two active direct debits to benefit from earning monthly cashback.
- £233.60 year in interest is based on £4,000 held in the Edge Saver for 12 months from opening at 6.00% AER / 5.84% gross (variable). This includes the 1.50% AER / 1.49% gross (variable) bonus rate which applies for the first 12 months from opening.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2024, the bank had around 19,600 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide 444 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM, STD US, BNC.LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Banco Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Banco Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.