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Santander offers current account with a market leading 5 per cent credit interest rate worth up to £125 per year with a £100 cash incentive for customers who switch their main bank account to Santander current account.
High street bank Santander launches its summer switching campaign on 28th June, offering UK consumers the opportunity to switch their current account and pocket up to £225 in the process.
Offering a market leading in-credit interest rate of 5 per cent plus £100 in cash, customers who make the simple move to one of Santander’s Current Accounts can benefit from a smooth, hassle-free switch from their existing current account – and get rewarded for doing so.
To ensure a ‘painless’ transfer when switching current accounts, Santander has a dedicated Account Transfer Service which is helping to take the hassle out of switching and provide a seamless transfer for those who switch to us.
Using Santander’s Account Transfer Service customers can:
- Easily transfer all their existing standing orders, bill payments and direct debits from their old bank to the new Santander current account;
- Expect to match their existing overdraft (up to £5,000)
- Any arranged overdraft will be interest free for the first four months
In the unlikely event that customers will incur any bank charges during the switching process, Santander will refund any charges in full.
Helen Bierton, Head of Santander Current Accounts says:
“We are offering a fantastic opportunity for people to get their finances into shape this summer and switch to one of the best current accounts on the market - that actually pays them. Customers shouldn’t be afraid of switching their current account. We have a hassle free Account Transfer Service to make the whole process refreshingly simple so it’s as easy as changing a utility or insurance provider,
“Millions of people have also not updated their current account with many believing it’s not worth it, both in time and money. We want to encourage consumers not to settle for less and to shop around for the best current account deal.”
The £100 cash bonus is available on the following accounts
Zero: The only current account on the market to offer No fees if you exceed your agreed overdraft, No fees from us when you use your debit card in cash machines or in shops anywhere in the world, plus 5.00% AER (fixed) on balances up to £2,500 for 12 months
Preferred In Credit Rate (PICR): An account which gives 5 per cent interest up to £2,500 and 4 months interest free overdraft.
Reward: In addition to a market-leading interest rate of 5 per cent, the account offers £460 of added benefits including: Annual worldwide family travel insurance - including winter sports; Green Flag breakdown cover in the UK; Identity protection - including up to £50,000 of legal cover; Card loss assistance - help if you lose your card. This account is £10 per month.
Premium: In addition to a market-leading interest rate of 5 per cent, the account offers £900 of added benefits including: Annual worldwide family travel insurance – including winter sports; Health Benefits from AXA PPP healthcare; Green Flag breakdown cover in the UK - including national recovery and cover at home; Mobile Phone Insurance; Identity protection – including up to £50,000 of legal cover; Card loss assistance - help if you lose your card; Key protection and replacement cover; Legal Assistance; Online Will Writing Service; Airport Angel; Concierge; £500 interest-free overdraft (depending on your circumstances); Commission-free travel money – delivered to you free of charge (minimum order £300).
Compare Current Accounts with Money Expert.
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