Customers can hold a maximum of two accounts, one in their own name and one in joint names. It can be opened online and in branch, while you can manage it through online banking, mobile app, in branch and through telephone banking.

We’ll send these alerts before your account’s charged so that you have time to pay in money and either avoid or reduce overdraft charges. Make sure your mobile number is up to date so we can send these to you. The City watchdog threatened to name and shame banks failing to pass on rate increases to customers after finding that less than 30pc of interest rate rises have been passed on to savers.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. You can have one Santander Edge saver for each Santander Edge current account you have. That means a maximum of 2 if you have both a single and a joint Santander Edge current account.

There will be no impact on the popular 1|2|3 Current Account or any other Santander current account. There's a further obstacle for savers hoping to get the Santander Edge Saver account – it isn’t open to everyone. The exclusive saver also provides a preferential rate for people looking to earn interest on their easy-access savings. Best easy-access is at 4.35% and leading one-year fix pays 6.01% - here's what the experts predict now. If you have two Edge Saver accounts linked to one joint Edge current account and two personal Edge Savers Watch out for tax on multiple Edge SaversIf, for instance, you prefer to pay for groceries and transport on a credit card, or you don't have direct debits set up for your household bills, then a different account may be a better fit for you. Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2023, the bank had around 19,400 employees and serves around 14 million active customers, 7 million digital customers via a nationwide 445 branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK. That means any earnings over these amounts will be taxed at 20% and 40% respectively. Plus the PSA is only on earnings before the fee.

An unarranged overdraft is when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit. A nother important catch is that you will only receive the extra 2.5 per cent bonus rate for the first 12 months after you opened the account. It’s best to use the Santander calculator to work out what your potential earnings could be. What else you need to know

Please note that local banks may charge their own fees when you use one of their cash machines and you should make sure you understand what these are before making a withdrawal.