Santander offers £300 cashback for switching customers

Monday, 05 September 2011 02:00

Banking customers who switch their main current account to Santander could earn up to £300 cashback and five per cent in-credit interest thanks to a new offer.

Under the terms of the deal, existing Santander mortgage customers who have, or can deposit, at least £10,000 in a savings pot will get £300 cashback.

Meanwhile, Santander mortgage holders who switch their main current account will receive £200, while anyone else who does so will be handed £100.

On top of that, each new account will earn five per cent in-credit interest.

Customers who switch to the Preferred Current Account can also qualify for a free arranged overdraft for one year.

Nici Audhlam-Gardiner, banking director at Santander, said: "We believe our customers deserve to be rewarded, so we've launched this great new incentive which means the deeper your relationship with Santander, the more you'll earn in rewards.

"Our market-leading Preferred Current Account has been ranked a 'best buy' by Moneyfacts and it, together with our Reward and Premium current accounts, pays five per cent in-credit interest, the highest rate in the entire market."

Use the Myfinances.co.uk comparison tables to find the best deal on a new bank account
 

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