Santander has today launched a ‘top of market’ easy access account, the Easy Access Saver Limited Edition (Issue 3), which pays 5.20% AER/ 5.08% gross (variable) on savings up to £250,000 for 12 months.
Customers with £5,000 deposited in the account will typically earn £21.66 in interest every month and £260 annually.
The Easy Access Saver Limited Edition (Issue 3) lets customers deposit as often as they like, as well as withdrawing their funds as often as they like.
Customers do not need other accounts with Santander to be able to open the new account which can be opened online, in app, over the phone, or in branch.
Any Santander customer with an existing Easy Access Saver can also open an Easy Access Saver Limited Edition (Issue 3) account and benefit from the higher rate.
The account is available from now until 17th September, but may be withdrawn sooner if there is high demand.
Santander has also today increased the rates on its fixed term ISA products. The one year fixed ISA now pays 5.05% AER/gross and the two year fixed ISA pays 5.10% AER/gross.
Andrea Melville, Director of Current Accounts, Savings and Business Banking, Santander said: “We’re pleased to deliver this top of market product for our customers, providing the convenience of an easy access account to help build up their savings. We know now more than ever people want their money to go further and this account is one of the ways we are helping customers maximise their savings income.”
The launch of the Easy Access Saver Limited Edition (Issue 3) is the latest move by Santander this summer to increase its saving rates across a range of products. Santander’s full range of savings products, which can all be opened online or in branch, are:
- Santander Edge Saver (7.00% AER/6.78% gross for 12 months)
- Easy Access Saver Limited Edition (Issue 3) (5.20% AER/5.08% gross for 12 months)
- Fixed rate ISA (5.05%-5.10% AER/tax-free depending on term length)
- Regular Saver (5.00% AER/gross for 12 months)
- Easy Access ISA (3.20% AER/tax-free variable for 12 months)
Anybody interested in opening the Easy Access Saver Limited Edition (Issue 3) or a fixed rate ISA can find out more information on the Santander website or in branch.
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Notes to editors
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 2023, the bank had around 19,400 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 445 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. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. 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. 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 half of 2023, Banco Santander had €1.25 trillion in total funds, 164 million customers, 9,000 branches and 212,000 employees.