Reward Current Account

A bank account that comes with a great rate and over £500 of benefits.

If you would like a Reward Current Account and you already have a Santander current account, we offer a quick and easy upgrade service click here for details.

 Dedicated Switcher Service

It's important you feel confident in the switching process, which is why we'll help you to Switch:

1. We'll do all we can to switch your account within 20 days.*

2. To qualify for overdraft matching you must be approved for a Visa Debit card, agree to pay your income into your new account and provide proof of your existing overdraft. Maximum overdraft matching limit is £5000.

3. No Arranged Overdraft interest or fees for 4 months - see Representative Example**

4. We'll waive or refund all of our fees as you switch.

5. We'll do the hard work for you - our dedicated team will help you every step of the way.

Click here for full details of our simple 3 step process

 Representative Example

If you don't switch the daily Arranged Overdraft fee will apply from account opening.

 The Account Benefits

• Annual worldwide family travel insurance - including winter sports;
  
• RAC breakdown cover in the UK - including national recovery and cover at home;
  
• Identity protection - including up to £50,000 of insurance cover to help reclaim your identity, after identity theft;
  
• Card loss assistance - assistance if your cards are lost or stolen;
  
• Key protection - up to £1,500 for replacement locks and keys if your keys are lost or stolen plus spare keys storage so your keys can be returned to you if you lock yourself out of your home or car;
  
• Commission-free travel money - free delivery (minimum order £300).

 The interest rates

• You will earn 5% AER /4.89% gross fixed for 12 months on balances up to £2,500. After 12 months, this rate changes to 1.00% gross/AER (variable).
  
• Interest is not paid on balances over £2,500 or on the whole balance if the required monthly credit is not made. 
  
• Our preferential interest rate is only paid out if you pay in £1,000 per month. Please note this is not a calendar month, it is in the month from the date of your account being opened. For example, if your account was opened on the 7th, you must pay £1000 in each month between the 7th and 6th of the following month, every month to qualify.
  
• A free Arranged Overdraft for 4 months when you switch to us (new current account customers only) depending on circumstances, see representative example.
  

• Overdraft Matching - see above for qualifying criteria
  

• All the important information about this account such as rates, charges, Terms & Conditions, user guide and more, can be found by clicking here

 Applying for a Reward Current Account is easy:

 Existing Current Account customer looking to Upgrade?

 Further information:

• Completing the application form should only take you about 10 minutes. To help it go as smoothly as possible we suggest you have your details to hand before you start (such as length at time of address, salary and employment details etc)
  
• Once you have submitted your online application, we aim to let you know our decision or your next steps (we may need you to provide some additional information or ID) within 3 working days.  Please look out for our email.
  
• Please add 'customerservices@santander.co.uk' to your email contacts. This should help prevent our emails to you being filtered out by your internet service provider.

*96% of switches through the account transfer team were completed within 20 days from May 2011 to October 2011.

** Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

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 off. Rates may change and we pay interest each month.

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.

Rates and information correct as at 9 January 2012