Santander 16 - 18 Account

Full product details for the Santander 16 - 18 Account current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
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166 customers rated their Santander current account as 3.5 out of 5 in our 2010/2011 Consumer Finance Awards.
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Santander 16 - 18 Account Features & Benefits

Account Typehigh interest 
Monthly Charge£0No monthly servicing charge is made.
Minimum Monthly Credit£0Santander requires a monthly credit to qualify for the interest rate however there is no minimum required. No interest is paid on the whole balance if the required monthly credits are not made.
Interest Free Overdraft LimitnoneThere is no interest free overdraft limit.
Headline Interest Rate3%The headline interest rate is 3.00% AER
Reward Payment£0No reward payment payable.
Minimum Investment£1The minimum investment required to open this account is £1.
Internet Bankingyes24 hour free internet banking is available.
Branch BankingyesThis account can be operated through a branch.
Telephone BankingyesAn automated telephone banking service is available 24 hours a day 365 days a year and calls are charged at a local rate.
Account PromotionsyesSweep Facility - To make savings easy the customer can set up their accounts so that, on their chosen date each month, any surplus cash above a certain amount chosen by them,is automatically transferred into an Abbey savings account, for example a Direct Saver. The sweep facility will never make the account overdrawn. The customer can also choose not to use the sweep facility in certain months.
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Compare Santander 16 - 18 Account With These Current Accounts

The Co-operative Bank Current Account

  • £0 automatic overdraft facility is offered with the current account.
  • Take advantage of a monthly charge of £0.
  • New customers get £0 minimum extra deposit from The Co-operative Bank.
  • Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

First Trust Plus Current Account

  • Customers get 1 working day BACS deposit clearance time.
  • First Trust offers monthly charge of £0.
  • You get 0 percent debit card expense worldwide from First Trust.
  • Customers get same day cash deposit clearance time from First Trust.

Lloyds TSB Vantage Classic Account

  • Same day BACS deposit clearance time.
  • 19.3 percent unauthorised overdraft rate is offered with Vantage Classic Account.
  • Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.28% EAR (variable).

Clydesdale Bank Signature Current Account

  • Minimum additional deposit of £0 is available.
  • New customers get worldwide incl USA travel cover area from the Signature Current Account.
  • You take advantage of £0.00 overdraft letter charge from Clydesdale Bank.
  • Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 12.5% EAR (variable).

Lloyds TSB Under 19s Account

  • A £0 reward payment is available.
  • ATM withdrawal payment UK of 0 percent is offered.
  • New customers get £0 cash back.
  • The current account gives a same day cash deposit clearance time.
  • Same day cheque deposit clearance time is available with this current account.

Halifax Current Account < £1,000 per month

  • You get £300 maximum ATM withdrawal.
  • Customers get £0 minimum extra deposit.
  • A mthly charge of £0 is available from Halifax.
  • New customers enjoy 4 days cheque clearance time from Halifax.
  • Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).