Santander Bank Saving Account Interest Rate Comparison

If you're looking for a bank with a competitive interest rate on your savings, Santander Bank is definitely worth considering. Their savings accounts offer a range of benefits, but the interest rate is a key factor to consider.

Santander Bank's savings account interest rates vary depending on the type of account you have. For example, the Santander Everyday Plus account offers a rate of 0.05% AER (Annual Equivalent Rate), while the Santander Select account offers a rate of 0.25% AER.

To give you a better idea of the interest rates offered by Santander Bank, here are some specific rates for their savings accounts: the Santander Everyday Plus account pays 0.05% AER, while the Santander Select account pays 0.25% AER.

You can earn a whopping 5.2% AER (variable) with Santander's easy access account, which is the bank's highest rate in 14 years.

This rate is applicable for 12 months, after which your money is transferred to a Santander Everyday Saver or another account of your choice. If you choose to receive interest monthly, the rate drops to 5.08% AER.

You can open the account with just £1 and save up to £250,000, but note that you'll only be protected for up to £85,000 by the Financial Services compensation Scheme should the bank go bust.

Here's a comparison of Santander's easy access account with other top returns in the market:

Santander has also upped the rates on its fixed ISA accounts, including the One year Fixed ISA, which has increased from 4.15% to 5.05%, and the Two year fixed ISA, which has increased from 4.2% to 5.1%.

You can earn a whopping 5.2% AER with Santander's easy access account, the bank's highest rate in 14 years.

This account allows you to open with just £1 and save up to £250,000, but keep in mind that you'll only be protected for up to £85,000 by the Financial Services compensation Scheme in case the bank goes bust.

Interest is paid annually, and the rate drops to 5.08% AER if you choose to receive interest monthly.

The introductory rate is applicable for 12 months, and once the account matures, your money is transferred to a Santander Everyday Saver or another account of your choice.

If you miss the introductory rate, the account reverts back to its original rate, which is 2.5% AER.

Here are some other easy-access accounts offering top returns, just below Santander's rate:

The Santander Easy Access Account is currently the top performer in the easy access table, offering a rate of 5.2% AER. You can open this account with just £1, making it a great option for those who want to start saving with minimal hassle.

If you miss out on this account, there are other options available that offer competitive rates. The Shawbrook Easy Access Account, for example, offers 4.93% AER, but requires a minimum deposit of £1,000.

You can also consider the Chip Instant Access Account, which offers 4.84% AER and can be opened with just £1. Alternatively, the Monument Bank Easy Access Saver offers 4.85% AER, but requires a minimum deposit of £25,000.

Here are some of the top easy-access savings accounts currently available, along with their rates and minimum deposit requirements:

If you're looking for the best CD rates, you'll want to check the daily rankings, which are updated every business day to give you the best deposit rates available.

The top rates quoted in these rankings are the highest nationally available rates, identified through daily rate research on hundreds of banks and credit unions.

These top rates are often significantly higher than the national average, which includes all banks offering a CD with a particular term.

For example, the national averages are always quite low, while the top rates can be 5, 10, or even 15 times higher.

You can find the best CD rates for terms ranging from 3 months to 5 years, with specific rankings for each term.

These rankings include the best 3-Month CD Rates, Best 6-Month CD Rates, Best 1-Year CD Rates, and so on, up to the Best 5-Year CD Rates.

Check this out: Ally Bank Cd Rates 12 Months

Santander's easy access account has taken the top spot with its new 5.2% rate, making it a highly sought-after option.

The account requires just £1 to open and can be managed online or through the app. This is a significant improvement from its original rate of 2.5% AER.

Other easy-access accounts offering top returns include the Shawbrook Easy Access Account with 4.93% AER and the Monument Bank Easy Access Saver with 4.85% AER. These accounts can be opened with £1,000 and £25,000 respectively.

For a comparison of the top easy-access accounts, here are some key details:

The Chip Instant Access Account also offers 4.84% AER, requiring just £1 to open. These accounts offer a good variety of options for savers, with flexible minimum opening deposits and competitive rates.

Investopedia tracks over 200 banks and credit unions daily to find the best savings and CD rates. We update our rankings every business day to give you the best deposit rates available.

The top rates quoted here are the highest nationally available rates, not the national average, which includes all banks offering a CD with that term. The national averages are always quite low, while the top rates you can find by shopping around are often 5, 10, or even 15 times higher.

To qualify for our lists, the institution must be federally insured, and the account's minimum initial deposit must not exceed $25,000. The account also cannot specify a maximum deposit amount that's below $5,000.

Banks must be available in at least 40 states to qualify as nationally available. We exclude credit unions whose donation requirement for membership is $40 or more.

Every day, we determine daily rankings of the top-paying accounts based on rate data from hundreds of banks and credit unions.

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