Compare Bank Accounts

Compare Adult Bank accounts

We offer a number of flexible, great-value bank accounts. Here we’ve listed the main features so you can see how they compare.

Adult Bank Accounts

Non-Adult Bank Accounts

Adult Bank Accounts

Account type	High Interest Account	Overdraft Account	Package Account	Premium Package Account	No fees Account
Product name	Preferred In-Credit Rate	Preferred Overdraft Rate	Reward Current Account	Premium Current Account	Zero Current Account
Switching Incentive	£100		£100	£100	£100
In credit interest rate (up to £2,500) - first 12 months (see notes 1 & 3 below)	5.00% AER/4.89 % gross(fixed)	0%	5.00% AER/4.89 % gross (fixed)	5.00% AER/4.89 % gross (fixed)	5.00% AER/4.89 % gross(fixed)
In credit interest rate (up to £2,500) - After 12 months (see notes 1 & 3 below)	1.00% AER(variable)	0%	1.00% AER(variable)	1.00% AER(variable)	1.00% AER(variable)
Minimum amount paid in each Month (see note 3 below)	£1,000	£1,000	£1,000	£1,000	£1,000
Overdraft rate Typical EAR(see note 2 below)	19.9% (variable)	0% for first 12 months then 12.9% (variable)	12.9% (variable)	12.9% (variable)	12.9% (variable)
Online Banking	√	√	√	√	√
Telephone Banking	√	√	√	√	√
Card type	Visa debit	Visa debit	Visa debit	Visa debit	Visa debit
Chequebook	√	√	√	√	√
A range of insurance, assistance and leisure benefits	X	X	√	√	X
Monthly fee for account	X	X	£10	£20	X
New Customers	Apply now	Apply now	Apply now	Apply now	Apply now
Existing current account customers			Upgrade my existing Current Account	Upgrade my existing Current Account

If you’re still not sure which is best for you, call into a Santander branch or phone us on 0800 707 6692.

Note 1 AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. The gross rate is the rate paid before income tax is taken. Rates may change and we pay interest each month.

Note 2 EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Note 3 We will not pay you interest on any amount over £2,500, or on your whole balance if you do not make the required monthly payments of £1,000.

Note 4 If you do not meet the credit requirements the overdraft interest rate will be 19.9% EAR (variable)
£100 offer: You are not eligible for this offer if you currently hold, or have held in the past three months, any Santander UK, Alliance & Leicester, cahoot and Cater Allen current account. Offer is only open to customers accepted for a Preferred In-Credit Rate, Reward, Zero or Premium account. £100 will be paid into your new account within 3 months of account opening providing you have at least one active direct debit (paid at least once) set up on the account within 11 weeks and have paid in at least £1,000 each month. If you do not have any direct debits to switch you will not receive £100. Limit of one £100 switcher account per person. Offer is limited and may be withdrawn at any time.

Rates correct as at 5 July 2010

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