The Savings Account
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Santander instant access accounts
Santander instant access accounts are known to resolve monetary glitches in an instance. The account schemes are formulated to allow the intending clients to save as per their individual preferences. There are four types of Santander instant accounts. This would comprise of the eSaver, Instant Access Saver, 50+Saver and Flexible Card Saver. By the account nomenclature it is evident that Santander looks into the specific niche requirements, rather than looking at the money saving options in the traditional cumbersome manner.
Benefits of the eSaver (Issue2)
The eSaver, a prolific subdivision of the Santander instant accounts, help the clients to connect with their account details and funds all through the day. The account is available through online portal, which allows customers to access and get benefits of 2.75% interest rates. Their accounts can be initialized with a minimum of £1. In addition to this, one will get a bonus of 2.25% on account balances for a period of 12 months calculated from the time of account set up. Moreover, you don't get charged for account accession. A client is also given a cash card to handle transactions from cash machines across the country.
Benefits of the Instant Access Saver
This is categorized as special issue 3 which enables all account holders to enjoy interest rates of 2.50% over gross balances which should be either £1000 or above. You are redeemed of all charges which are usually levied on account accession procedures. According to the present bonus interest rates segregation all Instant Access Saver account holders are entitled to yield 1.50% gross/ AER (variable) bonus rates for the first year.
Benefits of 50+ Saver
Among the existing Santander instant access accounts, the 50+Saver is dedicated to the clients who look forward to save their lifetime earnings through an exclusive design. They get the benefit of tiered interest rates. Under this system, one can set up accounts with a minimum balance of £1 and can enjoy interest rates as lucrative as 0.95%. Bonus rates can be incurred in addition to the aforesaid benefits, which will last for a 12 month time period from the day of account establishment.
Benefits of the Flexible Card Saver
Being termed as flexible, this particular account enables users to handle their account as per their individual discretion. All of the clients get varied alternatives to access their personal accounts. You can get to know about the balance details from the Santander branches, through tele-banking, online banking, and post offices and through ATM outlets. On a balance count of £50,000 a customer is going to yield an interest rate of 0.50%.