Full product details for the Santander Reward Current Account. Over £500 worth of benefits per year, plus 5% AER on credit balances up to £2,500. Compare with other current accounts.
from 166 ratings
166 customers rated their Santander current account as 3.5 out of 5 in our 2010/2011 Consumer Finance Awards.
0% EAR (variable) on first £100, 12.9% EAR (variable) thereafter. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ
Account Type
packaged
Monthly Charge
£10
There is a monthly charge of £10.00.
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.
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
Worldwide family travel insurance, including winter sports cover.. Green Flag motoring assistance in the UK Commission free travel money. Card loss assistance. Instant transfers - Between Santander Account and one of the savings accounts. Sweep Facility. Identity protection Key protection Savings on dining, days out and hotel accommodation. Personal loan deals. Up to £300 cashback for switching current account to Santander, subject to terms and conditions, when applying online via the switching service.
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.
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