Santander Preferred Current Accounts how to open a Santander Bank Account online
Santander Preferred Current Accounts

Santander offers a Preferred Current Bank Accounts which offers a range of features and benefits listed below.

The main features of the Santander Preferred Current Bank Account are listed below:

5% AER (Fixed) for 12 months on balances up to £2,500
£100 cashback when switching your main account using the dedicated switcher service
A free arranged overdraft for 12 months
Hassle free dedicated Switcher Service

• The market leading current account that gives you 5% AER (fixed) on your balance and £100 cashback when you switch
• £100 cashback when you switch your main current account to us using our dedicated switcher service, have at least two active direct debits or standing orders set up on the account within 11 weeks of account opening and pay in at least £1,000 each month
• 5% AER (fixed)1 for 12 months on balances up to £2,500 when you pay in at least £1,000 each month. The rate changes to 1% AER (variable) after 12 months
• Interest is not paid on any amount over £2,500, or on your whole balance if you do not pay in at least £1,000 each month
• A £2 underfunding fee will apply in any month that you cannot pay in at least £1,000
• Easy access to your account 24 hours a day, using internet and phone banking as well as through 1,400 Santander branches
• A free Arranged Overdraft for 12 months (see representative example below). Overdrafts are offered depending on your circumstances
• Overdraft matching service: When you switch we'll also match your previous overdraft up to £5,000 (depending on your circumstances)
• New Switcher Pledge – It's important you feel confident in moving your main current account to us, which is why we have introduced our Switcher Pledge
• To apply you must be aged 18 or over and living permanently in the UK.
• £100 offer available until 11 September 2011

Santander Preferred Current Accounts, how to open a Santander Preferred Current Bank Account details

Santander Preferred Current Accounts, an interest bearing current account
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bank accounts apply for a Santander Preferred Current Accounts online 

Santander bank accounts apply for a Santander Preferred Current Accounts online 

Santander Preferred Current Accounts, apply for a Santander bank account online 


Note 1: 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. 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.
£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, Reward or Premium current account. £100 will be paid into your new account within 3 months of account opening providing you have at least two active direct debits or standing orders (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 active direct debits or standing orders to switch you will not receive £100. Limit of one £100 switcher account per person. £100 offer available until 11 September 2011.

Rates and information correct as at 4 July 2011.

AER stands for annual equivalent rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay 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. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

Bank Accounts available from Santander include the Santander Preferred Current Account, Santander Everyday Account, Santander Premium Bank Account and the Santander Reward Current Bank Account.

All the bank account details listed here are subject to change without notice and we accept no responsability if the information quoted here,all bank account information is correct at the time of publishing this website - this website is for information only - for current information on this Santander bank account or to apply for a Santader Preferred Bank Account please apply directly to Santander by clicking here and completeing their Preferred Bank Account Application form.

Santander Preferred accounts how to open a Santander Preferred Current Bank Account