You are here: Home - Saving & Banking - News -

Santander launches £130 switching bonus

0
Written by:
14/09/2021
Santander is offering new and existing customers a £130 cash bonus for switching to one of its current accounts.

The offer is available to anyone who switches to a 1I2I3, 1I2I3 Lite, Everyday, Select or Private Current Account.

To qualify for the incentive, switches must be made using the Current Account Switching Service (CASS) and at least two direct debits must be set up on the account.

The 1I2I3 accounts also offer up to 3 per cent cashback on household bills and 0.30 per cent gross/AER (variable) interest on balances up to £20,000.

Existing customers who have previously opened a 1I2I3, 1I2I3 Lite, Everyday, Select or Private Current Account can still benefit from the cashback, as long as they complete a full switch from an account they hold elsewhere to their Santander current account via the CASS.

Santander follows on the heels of HSBC and Lloyds Bank, which both launched switching deals in the last few days.

HSBC is offering new customers who switch to an Advance or Premier current account a £110 cash bonus as well as £30 worth of Uber Eats vouchers or The Dining Out Gift Cards.

Lloyds Bank is offering new customers £100 to leave their existing current account provider and switch to a Club Lloyds bank account, plus a three-month fee-free arranged overdraft, free cinema tickets and magazine subscriptions.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Privacy Preference Center

Necessary

Advertising

Analytics

Other