High street · checked 9 November 2026
Santander
Facts, not recommendations. We aren’t paid by any bank and we don’t rank by who pays us. Rates and offers change often — checked 9 November 2026. Always read the provider’s terms before you open or switch an account.
TL;DR£10,000 here earns £200 in a year. That’s £256 less than the top easy-access rate we found.
Switching bonus
£240
Switch to the Everyday account within 60 days, pay in £1,500, keep two active direct debits and pay £200 into a Regular Saver. Which? reports both £200 and £240 wording, so check Santander’s terms.
TL;DRMeet every condition and the bonus lands in your account. Miss one and you get nothing.
| Type | High street |
| Part of | Santander UK |
| Current account fee | Everyday account: no monthly fee |
| FSCS protection | Up to £120,000 per person, per banking licence |
Quick answers
What savings rate does Santander pay?
Santander’s Easy Access Saver (Issue 31): 2.00% AER variable for 12 months (rate sheet effective 2 October 2026).
Is my money safe with Santander?
UK deposits at a bank or building society with a UK licence are protected by the FSCS up to £120,000 per person, per licence. Santander is part of Santander UK.
Does Santander pay you to switch?
Yes — £240. Switch to the Everyday account within 60 days, pay in £1,500, keep two active direct debits and pay £200 into a Regular Saver. Which? reports both £200 and £240 wording, so check Santander’s terms.
Your 5-minute move
Compare all the rates
See what your balance would earn at every bank side by side.
- Santander — Savings interest rates (October 2026)
- Which? — Best bank account switching deals, November 2026 — published 4 November 2026
- Bank of England — FSCS deposit limit increased to £120,000 — from 1 December 2025