Santander launches a new regular savings account in the UK that pays 8% interest. According to reporting from multiple outlets, the product is designed for customers who can save a set amount on a regular basis rather than making one-off deposits. The account is described as a “regular saver,” where savers put aside money each month in exchange for an interest rate that is higher than standard savings offerings.
One outlet notes that the account is available to Santander current account customers, indicating eligibility is linked to holding an existing Santander current account. Both sources frame the product as a savings option aimed at people willing to save monthly, with the 8% rate as a central feature.
The reports do not specify additional terms such as monthly deposit limits, eligibility beyond having a Santander current account, or whether the advertised rate applies throughout the account’s life versus an initial period. The launch represents a new competitive savings product from Santander, targeting regular savers among its customer base.
