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SANTANDER PREFERRED
Santander Preferred (Current Account)
        
The Santander Preferred in-credit rate account offers an interest rate of 5% AER for the first 12 months from opening the account on balances up to 2,500. They also claim to match your previous overdraft up to 5,000 (depending on your circumstances).
Location: UK
Account Name: Preferred In-Credit Rate Account
Advantages:
1. 5.00% AER/ 4.89%gross (fixed) for the first 12 months from account opening on balances up to 2,500.
2. 0% interest free Advance Overdraft for the first 4 months from account opening.
3. We'll match your previous overdraft up to 5,000 (Dependant on your circumstances).
4. Access your current account around the clock with Online Banking, Telephone Banking and over 1,000 Santander branches.
Disadvantages:
1. To qualify for the bonus rates a minimum of a 1,000 a month needs to be credited to the account, or standard rates apply.
2. If you do not pay in at least 1, 000 a month, but you are in credit, the Preferred In-Credit Bank Account pays interest of 0.10% gross/AER on the whole balance.
Services:
Online banking

Interest AER: 5.00%Interest Gross: 4.89%
Interest Paid: DailyMinimum Income: 0.00
Overdraft Rate: 19.90%
Banking Charges: See website
Service Charges: 0.00
Account Access: Online, Branch, ATM
Withdrawal Access: Online, Branch, ATM

Free Banking: YesDebit Card: Yes
Cheque Guarantee Card: YesStanding Orders: Yes
Direct Debits: YesOverdraft Facility: Yes
Account Manager: No

Conditions:
Minimum age is 18
Features:
1. Online banking
2. If you do not pay in at least 1, 000 a month, but you are in credit, the Preferred In-Credit Bank Account pays interest of 0.10% gross/AER on the whole balance.
Introductions and Offers:
1. Open up a bank account and if your children are aged between 11 and 18 they will receive a preferential rate of interest of 5.00% AER/4.89% gross (variable) on balances up to 500 if they open a Youth Plus Account
Terms and Conditions:
1. You must be a minimum of 18 years old.
2. You must be a resident in the UK.
        
REVIEWS
Santander Preferred In-Credit Rate Account (Which Way To Pay - 22/3/2010)
Santander Preferred In-Credit Rate Account is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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