BANK ACCOUNTS

Santander Extends Cash-back offer for Christmas Switchers

Santander has extended its offer which gives customers up to £300 cash-back and 5% in-credit interest. The bank claims that this offer is unique and market-leading.

New customers who switch to Santander’s Preferred, Reward or Premium current accounts – which all feature 12 months of 5% in-credit interest – will receive a cash-back reward of up to £300.

In particular, Santander mortgage customers who deposit at least £10,000 of savings and switch their main current account to Santander will receive the top reward of £300.

£200 cash-back will be given to existing Santander mortgage customers who switch their main current account to Santander while £100 will be given to those who simply switch their main current.

Good results

Reza Attar-Zadeh, the banking director for Santander, commented that "with the Christmas holiday season not far away now, what better way to get up to an extra £300 towards the festive season.”

Although the offer was due to finish on the 6^th on November, Santander has announced an extension that will last throughout the Christmas holiday period.

"Our £300 switching offer has been incredibly popular and in recognition of the demand for this offer we've decided to extend it. Our offer has seriously shaken up the market and made it more financially interesting for customers who never thought it was worthwhile to switch bank accounts before,” added Attar-Zadeh.

Dubious customers

Brits that are unsure about taking advantage of this offer can also expect to match their existing overdraft and to receive a free arranged overdraft for four months.

For the offer to be fully applicable, all their existing standing orders, bill payments and direct debits need to be transferred from their old bank to the new Santander bank account.

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Tags: BANK ACCOUNTS, cashback rewards, compare bank accounts, santander, switch current accounts