23rd June 2026
“Santander has shot to the top of the market with its new Regular Saver paying 8% AER, incredibly eye-catching for those looking to gradually build their savings pot. The 8% AER does include a 5% bonus for 12 months.
Unlike other regular savers on the market that revert to a flexible saver earning a much poorer return, it will continue for another year paying 3% AER.
Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, comments on the latest offer from Santander:
"The account allows savers to put away £200 every month, plus make unlimited withdrawals. It is great to see the account made available to both new and existing current account customers, including its fee-free Everyday option.
Those who do want to switch their bank account to Santander can currently get £180 as a reward, when they use the Current Account Switch Service (CASS). The CASS moves over any balance and redirects both standing orders and direct debits to a new account.
“It is never too late for consumers to start putting some cash aside for any future goals, as those who save little and often can feel more in charge of their financial wellbeing. Building an emergency fund or saving for a specific goal is simple and easy to do and there are plenty of accounts designed for various needs.
Regular savings accounts are ideal for slowly building a pot as they encourage the savings habit. However, consumers will need to work out if they are the right choice for them as some accounts can be restrictive and might not be suitable for larger deposits.”
You need to have a current account with Santander first but they are offering £180 free cash to move your account. This double offer may tempt people who want an immediate reward and to grow their savings.
https://www.santander.co.uk/personal/savings-and-isas