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Santander launches new Regular Saver offering 8% AER

ended 23. June 2026

Any thoughts on the press release below, send them across ASAP.

Santander UK has today announced the launch of its new Regular Saver with an interest rate of 8.00% AER/gross (variable), which includes a 5.00% AER/gross (variable) bonus for the first 12 months, available to all Santander current account customers, including its fee-free Everyday current account customers. After 12 months, the interest reduces to 3.00% AER/gross (variable), helping customers build up their savings for the long-term.  

Customers can save up to £200 a month, meaning those customers who choose to deposit the maximum amount each month, can build up the following including interest: 

  • £2,504 in year 1
  • £5,018 in year 21

The Regular Saver is exclusively available to all Santander current account customers, including customers with a Santander Everyday, Edge, Edge Student, Edge Up and Explorer current account. New customers can additionally benefit from Santander’s latest switching offer, £180 when they switch to a Santander current account and meet the qualifying criteria.2 

João Soares, Head of Savings at Santander UK said: “We know customers want savings accounts that are easy to understand, offer a competitive rate and deliver value. That’s why our new Regular Saver rewards customers with a market leading rate, while supporting customers’ who want to build up a habit of saving regularly. New customers who switch their current account to us using the Current Account Switching Service can enjoy even more benefits, such as £180 to save or spend.” 

1 responses from the Newspage community

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Editor
Nouran Moustafa
Practice Principal & IFA at Roxton Wealth
An 8% headline is brilliant, but let’s be honest about what it is: a smart way for Santander to get people into its current-account ecosystem.

It is still a good deal. For someone who struggles to save, £200 a month at 8% is a proper incentive to build a habit rather than leave money rotting in an account paying 1%.

But this is not an 8% home for your savings. It is capped at £200 a month, variable, and drops to 3% after a year. The bank is rewarding consistency, not handing out free money.

My advice is: take the rate if it fits your life, automate the £200 just after payday, and do not confuse a regular saver with your whole savings strategy. Keep emergency cash accessible, use the best rates for larger balances, and set an alert before the bonus disappears.

The 8% gets you in. The real win is whether you leave with a better savings habit.