Earn up to £420 by switching current accounts to Santander
Customers could earn up to £420 by switching their main current account to Santander's Preferred, Reward or Premium current accounts, with a best buy in-credit interest rate of 5 per cent AER (fixed) for 12 months paying up to £120, plus £300 for switching.
Liz Chang, director of banking at Santander, said: "Our £300 switching offer has been incredibly popular and the deeper our existing customers' relationships with Santander, the more they'll earn in rewards. Our offer has seriously shaken up the market and made it more financially interesting for customers who never thought it was worthwhile to switch bank accounts before.
"Plus by switching to our market-leading Preferred Current Account, which has been ranked a ‘best buy' by Moneyfacts, customers could also earn over £120 in interest in a year as it pays 5 per cent in-credit interest, the highest rate in the entire market. This rate is also available on our Reward and Premium current accounts. "
This offer is available in any of Santander's 1,300 UK branches, by phone and online until January, and is for customers who switch to Santander's best buy Preferred Current Account or its Reward or Premium current accounts, all of which pay a market-leading 5 per cent AER in-credit interest for 12 months.
Switch with confidence
Santander's switching service has gone from strength to strength over the past five years with continual improvements, particularly in terms of reducing the amount of time it takes to switch.
Santander's dedicated switcher team also helps customers through every step of the process providing reassurance that their switch will go through hassle free.
Using Santander's switching service customers can
Have all their existing standing orders, bill payments and direct debits transferred from their old bank to the new Santander current account
Receive a free arranged overdraft for four months.
Expect to match their existing overdraft (up to £5,000, depending on the customer's circumstances).