Compare Latest Current Account Deals
Switching current account to Santander
Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Recommend a friend - If you're a Nationwide member you can earn up to £500 per tax year by recommending five friends (£100 each). Access to Flexclusives - Select Credit Card and low personal loan rate. 3.0% APR Representative. Must be aged 18 or older
Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.
Why we like it: 0.50% AER (variable) payable on your entire balance up to £2,000. Linked to instant access savings account currently paying 1.00% AER, paid quarterly. Apple Pay & Google Pay enabled contactless debit card. Rated ‘outstanding’ by Moneyfacts. Must be 18 or older and a UK resident. No account fee. No minimum funding required to open account or requirement to pay in regularly
Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes family worldwide travel and mobile phone insurance. £20 monthly fee
Disclaimer: To apply for this account you must be aged 18 or over and a UK resident
Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes personal European travel and mobile phone insurance. £10 monthly fee
Disclaimer: To apply for this account you must be aged 18 or over and a UK resident
Why we like it: UK & Europe Breakdown Cover, Worldwide family travel and mobile phone insurance, and commission-free cash withdrawals and card payments abroad. Free mobile banking app, text alerts and secure online banking. Recommend a friend - If you're a Nationwide member you can earn up to £500 per tax year by recommending five friends (£100 each). Access to Flexclusives - Select Credit Card and low personal loan rate. £13 monthly account fee
Why we like it: Everyday current accout. No monthly account fee. Recommend a friend - If you're a Nationwide member you can earn up to £500 per tax year by recommending five friends (£100 each). Access to Flexclusives - Select Credit Card and low personal loan rate. 3.0% APR Representative (terms and conditions apply)
Why we like it: Everyday current account. No monthly account fee. Get a contactless Visa Debit Card. Pay with your phone with Apple Pay and Google Pay™ and bank on the go with our easy to use Mobile Banking app. Must be 18 or older and UK resident
Disclaimer: To apply for this account you must be aged 18 or over and a UK resident
Why we like it: Everyday current account. No monthly account fee. Get a contactless Visa Debit Card. Pay with your phone with Apple Pay and Google Pay™ and bank on the go with our easy to use Mobile Banking app. Must be 18 or older and UK resident
Disclaimer: To apply for this account you must be aged 18 or over and a UK resident
Santander current account review
Santander has a really wide range of current accounts on offer to suite a variety of different types of customers. These include:
Santander Everyday Current Account – A basic account with no monthly account fee and a Visa debit card.
Choice Current Account – Pay £10 a month and this account ensures you are not charged any unarranged overdraft fees.
Basic Current Account – Allows you to have income paid into the account, pay your bills and gives you a top-up card to make card payments. This account is aimed at those who don’t qualify for a standard current account.
However, Santander’s flagship current account is the Santander 1|2|3 Current Account which offers a number of attractive benefits for customers.
Santander 1|2|3 Current Account benefits
With a Santander 1|2|3 Current Account you can benefit from:
- Monthly interest of 1.5% AER (variable)
- Earn interest on your entire balance up to £20,000
- Get cashback of between 1-3% on a range of household bills
To qualify for these benefits you will need to:
- Pay a £5 monthly account fee
- Pay at least £500 into your account each month
- Have at least 2 active Direct Debits
Santander also offer 1|2|3 Student, Postgraduate and Graduate current accounts as well as a 1|2|3 Mini Account for children aged 11-18 and a 1|2|3 Mini Account (In Trust) for children aged 1-10.
Click here to find out more about the Santander 1|2|3 Current Account >>
What to look for when switching current accounts
There are various things to look out for when choosing a new current account to make sure you get everyday banking that works for you. The key things to look for are:
Interest rates – Check the rate you will earn on your savings and what you will pay on your overdraft. Which interest rate is the most important for you will depend on whether you tend to be in credit or not most of the time. Also bear in mind the balance limit on which you can earn interest.
Switching incentives – There are various switching bonuses and offers provided by many top current accounts. These can include cash upfront for switching, or other benefits, such as gift cards and introductory cashback offers.
Cashback – Many current accounts now offer some form of cashback deal, which is usually paid monthly. The TSB Classic Plus Account gives you the chance to earn up to £120 cashback a year just for having active monthly Direct Debits and using your debit card regularly.
Additional benefits – A lot of current accounts offer extra benefits, either as standard or as optional add-ons. Perhaps the most common is free insurance, which may include personal insurance, travel insurance, phone insurance and more. Typically these benefits are most likely to be offered on current accounts where there is a monthly account fee to pay.
Compare current accounts
Take a look at the range of current accounts presently on offer from all the leading providers across the market right now to see which offers the best deal for you.
