Santander has launched a new prize draw worth up to £50,000 linked to its range of savings and current account products.
Currently, this offer is available to customers who have either a checking or savings account.
There is a time limit on this cash prize, however, and the bank is urging people to act quickly before it is withdrawn. Santander customers have until August 31, when the draw closes.
Anyone interested in the bank’s latest offer will need to open a personal current account and a savings account. To be automatically entered into the prize draw, they will need to have at least £50 in their account by the end of the month.
The lucky winner will be chosen at random by 1st September. The prize draw is open to UK residents aged 18 years or over. Current employees of Santander are not eligible to take part.
Only one entry per person is possible in the draw; the lucky person will be notified by post, telephone or email before September 23rd.
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Brits could win thousands of pounds in this latest raffle
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Here is a full list of Santander’s current account offering:
- Santander Edge Current Account – Customers receive up to £20 cashback a month on key bills and expenses, a linked easy-access saver with six per cent APR and fee-free overseas spending for a £3 monthly fee.
- Santander Edge Up Current Account – Customers receive up to £30 cashback per month on essential bills and expenses, plus fee-free spending abroad, for a £5 monthly fee.
- Santander Everyday Current Account – Customers receive a current account with no monthly fee, access to Santander Boosts for cashback, vouchers and competitions, and no fees for using Santander ATMs abroad.
Here is a full list of eligible Santander savings accounts:
- Fixed Rate ISAs – offer interest rates of up to 4.62% AER/tax free, depending on the term.
- Regular Saver – offers interest rates of up to five percent AER/gross (fixed) for 12 months.
- Fixed-term deposit saver – offers interest rates of up to four percent effective annual interest or 3.93 percent gross, depending on the term.
The latest deal on the high street comes after a period of high interest rates on savings accounts.
Banks and building societies have reacted to the Bank of England’s decision to raise its base rate and keep it at a 16-year high.
LATEST DEVELOPMENTS:
The bank offers several competitive savings accounts
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Currently, the top savings rate at Santander is six percent, the Edge Saver.
At the beginning of the month, the central bank’s monetary policy committee voted to cut the key interest rate from 5.25 percent.
Many banks have begun reducing their resources following this decision and expect further cuts this year.
Savers are reminded to take advantage of the offers of branch financial institutions while this is still possible.
