Call us on 0330 123 9860 to see how we can help
Eligibility
- You have a club, society, charity, or other not-for-profit organisation operating in the UK
- Your organisation has an annual turnover of up to £250,000
- All directors, owners (shareholders) or partners are aged 18 or over and UK resident
- You intend to use this account for business purposes only
Account information
Account name
Treasurer's Savings Account
What is the interest rate?
- Interest of 1.05% AER / 1.04% gross (variable).
- We work out the interest we’ll pay on your account each day.
- We pay interest each month into the account on the anniversary of the date it was opened.
Can Santander change the interest rate?
Yes, we can change the interest rate on this account as explained in the general terms.
What would the estimated balance be after 12 months based on a £1,000 deposit?
| Account name | Interest earned | Balance after 12 months |
|---|---|---|
| Treasurer's Savings Account | £10.50 | £1,010.50 |
To work out the estimated balance, we’ve assumed that:
- The account is opened and the initial payment into the account is made on the 1st day of the month.
- You don’t pay in any more money or take any out.
- Interest is paid into the account each month.
- There is no change to the interest rate.
This illustration is only an example and doesn't take into account individual circumstances.
How do I open and manage my account?
Opening
You can apply by calling us on 0330 123 9860 or by making an appointment with a Business Banking Manager in branch. More on Telephone Banking
Managing the account
24/7 banking on all your devices. You can set up paper free statements and set up personalised account alerts.
- Online Banking
- Mobile Banking app
- Telephone Banking
- Use our ATMs to withdraw cash, make cash and cheque deposits, check your balance and manage your PIN (all transactions subject to account limits)
You can’t pay money in or take it out over the counter at branches or Post Offices. You can nominate up to two extra account administrators. If you want someone to be able to pay in cash or cheques only at Santander cash machines, you can ask for an operator card.
Free text or email alerts
You can set up alerts to keep you updated about your account. For example, to tell you when your balance goes below a certain level. More on alerts
Paying money in
- Minimum balance: £1. No maximum balance.
- You can make your first deposit by cheque or electronic payment (e.g. Faster Payment). Once you get your card, you can pay money in digitally. Or deposit cash or cheques at a Santander cash machine.
Can I withdraw money?
Yes, you can take money out of your account at any time in these ways:
- Using a cash machine (but not over the counter at branches or Post Offices)
- Making a payment through Online or Mobile Banking, over the phone or by post.
You can’t have a debit card or chequebook (or request cheques from us) on this account but you can have a cash card. This will let you pay money in at Santander cash machines and take money out at any cash machines.
Additional information
Tell us if you change your mind
We won’t charge you for cancelling your account - even if you do so outside the ‘cancellation period.’ Your cancellation period is 14 days long, and it starts the day after we’ve confirmed your account is open.
If you do this, we’ll return your money. We’ll do this as soon as we can (and within 30 days from when you tell us).
You can close your account at any time.
Tax status
We pay interest without taking off income tax. This is known as ‘gross’ and the interest rate we give you reflects this. If you’re an individual, and the total interest you receive in a tax year is more than any Personal Savings Allowance that applies to you, you may have to pay tax on it. You’ll need to do this directly with HMRC.
Statements
We’ll send you a statement once a year in September.
How we manage scam claims
We’ll support you if you’ve fallen victim to a fraud. Find out more about our approach to fraud.
Everything you need to know before you apply
We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.
- Treasurer's Savings Account Key Facts Document (PDF - 184 KB)
- General Terms & Conditions including Terms of Business (PDF - 581 KB)
To view these documents, you may need to download Adobe Reader
Have you got the right ID?
If you are opening a Santander Treasurer's Savings Account, we need to check your personal identity and we may need to check the existence of your organisation. Check you've got the ID you'll need to open the Treasurer's Savings Account (PDF - 60 KB)