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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
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The Santander Edge saver will only pay this rate on balances up to £4,000.
Santander launched its new current account which is exclusively linked to its market-leading easy access rate today.
This easy access rate is included under the Santander Edge saver, an account which offers a rate of 4.00% AER on balances of £4,000 or less.
It is worth noting that this rate includes a 0.50% AER bonus, which is only available for 12 months.
Based on Santander’s calculations, if you wish to take advantage of the 4.00% AER rate the most interest you can earn is £13.10 a month.
To open this account, you will need to open its newly launched Santander Edge current account either in branch or online.
With the launch of the Santander Edge current account, the Santander 1|2|3 Lite has been withdrawn from the market.
Like its predecessor, the Santander Edge current account offers a cashback incentive for its frequent users.
Essential grocery and transport-based debit card spending earns 1% cashback while direct debits for household bills for council tax, gas, electricity, mobile, landline, broadband and paid for TV packages qualify for this incentive too.
Cashback on direct debit and debit card spending is capped at £10 a month each, with the current account requiring a monthly fee of £3.
“The Santander Edge current account may well entice consumers that want to earn cashback on their household bills and essential spending, but also, wish to stimulate their savings habit and earn some decent interest on an account that offers them complete flexibility,” said Rachel Springall, Finance Expert at Moneyfacts.
Previously, the Santander 1|2|3 Lite account required a monthly fee of £2 but restricted cashback earnings to £15 a month.
Those who currently hold a 1|2|3 Lite account can continue to hold the account as usual.
In addition to its cashback incentive, Santander Edge current account customers can make use of Santander ATMs overseas for free. International transfers using the UK Chaps system will be free too.
Otherwise its users will also qualify for Santander boosts, a digital banking rewards platform that offers cashback, prizes, and giveaways for other stores.
“Further enhancements to the Santander Edge current account are set to be rolled out in the future, including a Carbon footprint tracker and Smart Budgets, good news for those who are both conscious and wish to reduce their own carbon footprint and wish to scrutinise a budget, said Springall.
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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
With Chancellor of the Exchequer, Rachel Reeves, delivering a Labour Government's first Budget in almost 15 years, find out the potential impact on savers, mortgage borrowers and pensioners.
With Chancellor of the Exchequer, Rachel Reeves, delivering a Labour Government's first Budget in almost 15 years, find out the impact on your finances.
As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.
As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.
Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most. Find out more.
Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most.
With Chancellor of the Exchequer, Rachel Reeves, delivering a Labour Government's first Budget in almost 15 years, find out the potential impact on savers, mortgage borrowers and pensioners.
With Chancellor of the Exchequer, Rachel Reeves, delivering a Labour Government's first Budget in almost 15 years, find out the impact on your finances.
As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.
As well as a market-leading switching incentive, Nationwide BS also offers 1% cashback and a £50 interest-free overdraft buffer with selected accounts.
Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most. Find out more.
Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most.
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