Santander Preferred Current Account

Full product details for the Santander Preferred Current Account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.

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Compare Santander current accounts currently available, or use the options to the right.

Santander Preferred Current Account Features & Benefits

Account Type	packaged
Monthly Charge	£0	There is no monthly charge.
Minimum Monthly Credit	£1,000	Santander requires a monthly credit of £1000.00 to qualify for the interest rate. No interest is paid on the whole balance if the required monthly credits are not made.
Interest Free Overdraft Limit	none	There is no interest free overdraft limit.
Standard Overdraft Rate	0%	There is no annual authorised overdraft rate.
Headline Interest Rate	5%	The headline interest rate is 5.00% AER.
Reward Payment	£0	No reward payment payable.
Minimum Investment	£0	The account will be opened with a nil balance. The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.
Internet Banking	yes	E-banking is a simple, convenient and secure way for the customer to manage their Abbey card based accounts on-line. This account can only be opened online.
Branch Banking	yes	This account can be operated through a branch.
Telephone Banking	yes
Account Promotions	yes	Up to £300 cashback for switching current account to Santander, subject to terms and conditions, when applying online via the switching service.

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Compare Santander Preferred Current Account With These Current Accounts

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£0 rewards payment is available with FlexAccount.
£0 transaction charge is offered with FlexAccount.
Benefit from a standard overdraft rate of 18.9% from the current account.
Get a minimum additional deposit of £0 from the current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 18.9% EAR (variable).

NatWest Advantage Gold

Rewards payment of £0 is available with Advantage Gold.
Household cars recovery cover is available with Advantage Gold.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.49% EAR (variable).

Ulster Bank U First Gold Account

You get same day interest rate paid on withdrawals.
£300 max ATM withdrawal is offered with U First Gold Account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 10.5% EAR (variable).

Lloyds TSB Student Account

New customers get £0 standing order set up fee from Lloyds TSB.
Interest rate free overdraft year 5 of £2,000 is available with Student Account.
Get a minimum withdrawal of £1 from the current account.
£0.00 overdraft letter charge is available with this current account.
Lloyds TSB offers unauthorised O/D rate of 8.21%.
Get £1,500 interest free overdraft year 1.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Lloyds TSB Business Account for Start-ups

Get a cost for telephone banking of £0 from the Business Account for Start-ups.
Overdraft letter charge of £0.00 is offered with this current account.
£700 maximum ATM withdrawal is offered to you.
Minimum withdrawal of £1.
Max annual turnover of £15,000,000 is offered with Business Account for Start-ups.
Get a coinage paid in per100 of £0.57 from the current account.

Northern Bank Northern Business Access

22.13% unauthorised O/D rate is available to customers.
Expense for telephone banking of £0 is available to you.
£1 minimum withdrawal.
£0 minimum yearly turnover.
You get £0.72 coinage out per100.

NatWest Business Current Account (Auto Free Tariff)

£0.00 O/D letter charge is offered to customers.
£0 mthly overdraft charge is available with Business Current Account (Auto Free Tariff).
The current account gives a £0 daily O/D charge.
Coinage out per100 of £0.96 is offered with Business Current Account (Auto Free Tariff).
Minimum withdrawal of £1 is available with Business Current Account (Auto Free Tariff).
Get £0.96 coinage paid in per100.

Application Criteria
Permanent UK Resident	yes	This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit	£1,000	Santander requires a monthly credit of £1000.00 to qualify for the interest rate. No interest is paid on the whole balance if the required monthly credits are not made.
Minimum Contract Term	0 months	Not applicable.
Minimum Age	18 years	The minimum age is 18 years.
Maximum Age	Unlimited	There is no maximum age limit.
Minimum Income	£0	There is no minimum income required for this account.
Minimum Investment	£0	The account will be opened with a nil balance. The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.
Maximum Investment	£2,000,000	The maximum investment is £2000000.
Student Bank Account	no	This is not a student bank account.
Graduate Bank Account	no	This is not a graduate bank account.
Area Restrictions	none	There are no area restrictions.