Santander: £68 Free Cash
27 mins£151/hr
Santander is a UK high street bank offering current accounts, savings, mortgages and credit cards.
Offer overview
Chris · Your personal guide
Sign up
Open a Santander Regular Saver at a variable 8%. You need a Santander current account first.
Go to Quidco using the button below for an extra £16 cashback, credited to your Quidco account within 90 days.
Going straight to Santander, or opening the account in its app, loses the £16 cashback.
£16 is Quidco's Premium rate. New members get Premium free for 3 months, but an existing Basic member may get less.
Step by Step Guide
- 1Use the button below to go to Quidco for an extra £16 cashback, then sign up or sign in
- 2Search for 'Santander Regular Saver' and click Get cashback to go through to Santander
- 3Log on to Online Banking in that same browser window and open the Regular Saver
Stay in the browser window Quidco opens. If you open the account in the Santander app, in branch or over the phone, Quidco can't track it and won't pay the £16.
You need a Santander current account first. Any of them works apart from a 1|2|3 Mini account held in trust. The Regular Saver has to be in your sole name and you can only hold one.
- Transfer up to £200 from your Santander current account into your new Regular Saver
Your saving months run from the day you opened the account, not from the 1st of the calendar month
Money can only be paid in from your Santander current account
- Your saving month runs from the date you opened the account, not from the 1st. Open on the 16th and each month runs from the 16th to the 15th, so transfer just after that date to use the full allowance.
- Automate it: set up a standing order from your Santander current account for the day after your opening date each month.
- Prefer doing it manually? Set a monthly reminder instead.
- You can pay in anything from £1 to £200 a month. Go over £200 and you break the account terms, which lets Santander move you to an Everyday Saver at a lower rate.
- 1Your cashback shows in Quidco as pending within 24 hours, then as confirmed once Santander approves it
- 2Withdraw the £16 from Quidco to your bank account
Not showing after 24 hours? Send Quidco a Missing Cashback claim within 45 days of opening the account.
This account does not mature or close. After 12 months the 5.00% bonus ends and your balance carries on earning the underlying rate, currently 3.00% AER.
- Move your balance to the best savings account you can find. 3.00% is below what a good easy-access account pays
Interest is paid into the account once a year, on the anniversary of the day you opened it
Move the money out through Online or Mobile Banking, in branch or over the phone
Quick review
Santander
Wondering whether Santander is worth it beyond the bonus? Here is our honest take.
A familiar high street bank with a proper branch network and a fee-free Everyday Current Account, the account most switch-bonus hunters end up on. Quidsy has £100 cashback through TopCashback on the Santander Stocks and Shares ISA, plus its Regular Saver. Switch bonuses come and go, and we'll list the next one here when it launches.
Chris' verdictYour personal guide, QuidsySantander is worth it if you want a proper high street bank with a real branch network, a solid app, and access to a regular switch bonus. It's not the most exciting bank in the UK, but for most people that's a feature, not a bug.
For switchers, my advice is simple: go for the Everyday Current Account, not Edge or Edge Up. It's completely free, so there's no monthly fee eating into a switch bonus, and when Santander has one running, Quidsy lists it with the current amount and exactly what you need to do.
On the savings side: if Santander's rate is competitive when you look, keep your money there. If not, the Easy Access Saver has no withdrawal penalties, so move it. Don't get loyal with savings, chase the rate.
Santander UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 106054. Eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS).