Protection
FSCS£120,000
Min balance
£1
Max balance
£4,000
Access
Instant
Interest paid
Monthly
Not with Santander yet? They're paying £240 to switch your current account. Offer ends 7 October 2026.
The Rate You'll Get
First 12 months
Boosted6.00%AER
Includes a 2.50% boost for 12 months
Standard rate (after 12 months)
3.50%AER
How It Stacks Up
A Good Fit For
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: Rate drops to 3.50% after 12 months
- Con: The rate is variable, so it can go down
- Con: You need a Santander Edge current account, which costs £3 a month, to open it
- Con: You can only save up to £4,000
Good to Know
A variable bonus rate applies for the first 12 months from account opening, after which the rate reverts to the lower base variable rate. The bonus is part of the overall variable rate and applies only to balances up to £4,000.
Requires the Santander Edge current account which has a £3 monthly fee. The Edge account also offers cashback on eligible spending.
Please verify all details with the provider – see our Disclaimer
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