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| Santander launches hottest account deal of the summer |
Offering a market leading in-credit interest rate of 5 per cent plus £100 in cash, customers who make the move to one of Santander’s Current Accounts can benefit from a “smooth, hassle-free switch” from their existing current account – and get rewarded for doing so.Research from Santander Current Accounts has found that eight in ten people (77 per cent) are receptive to the idea of changing their main current account, but millions of people do not take the final step and switch their current account provider because they think it’s going to be too much hassle.
To ensure a ‘painless’ transfer when switching current accounts, Santander has a dedicated Account Transfer Service, which is helping to take the hassle out of switching and provide a seamless transfer for those who switch to us.
Using Santander’s Account Transfer Service customers can:Transfer all their existing standing orders, bill payments and direct debits from their old bank to the new Santander current account
Expect to match their existing overdraft (up to £5,000)
And any arranged overdraft will be interest free for the first four months
In the unlikely event that customers will incur any bank charges during the switching process, Santander will refund any charges in full.
Helen Bierton, Head of Santander Current Accounts said: “We are offering a fantastic opportunity for people to get their finances into shape this summer and switch to one of the best current accounts on the market - that actually pays them. Customers shouldn’t be afraid of switching their current account. We have a hassle free Account Transfer Service to make the whole process refreshingly simple so it’s as easy as changing a utility or insurance provider.
“Millions of people have also not updated their current account with many believing it’s not worth it, both in time and money(7). We want to encourage consumers not to settle for less and to shop around for the best current account deal.”
Michelle Slade, personal finance expert from Moneyfacts, said: “Switching your current account is an easy way of making sure you are getting value for money. This offer by Santander gives those switching a double boost with the £100 cash bonus and the highest interest rate available on a current account. This is definitely an offer to act on.”
The £100 cash bonus is available on the following accounts:
Zero: The only current account on the market to offer No fees if you exceed your agreed overdraft; No fees when you use your debit card in cash machines or in shops anywhere in the world, plus 5 per cent AER (fixed) on balances up to £2,500 for 12 months
Preferred In Credit Rate (PICR): An account which gives 5 per cent interest up to £2,500 and 4 months interest free overdraft.
Reward: In addition to a market-leading interest rate of 5 per cent, the account offers £460 of added benefits including: Annual worldwide family travel insurance - including winter sports; Green Flag breakdown cover in the UK; Identity protection - including up to £50,000 of legal cover; Card loss assistance - help if you lose your card. This account is £10 per month.Premium: In addition to an interest rate of 5 per cent, the account offers “£900 of added benefits” including: Annual worldwide family travel insurance – including winter sports; Health Benefits from AXA PPP healthcare; Green Flag breakdown cover in the UK - including national recovery and cover at home; Mobile Phone Insurance; Identity protection – including up to £50,000 of legal cover; Card loss assistance - help if you lose your card; Key protection and replacement cover; Legal Assistance; Online Will Writing Service; Airport Angel; Concierge; £500 interest-free overdraft (depending on your circumstances); Commission-free travel money – delivered to you free of charge (minimum order £300).
Useful contacts:
www.santander.co.uk Or 0800 389 6704 
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