Fixed Term
FSCS Protected
(Max. £85,000)£1,000 - £10,000,000
18 months
Santander International is the trading name of Santander Financial Services plc, a non-ring fenced wholly owned subsidiary bank of Santander UK Group Holdings plc which is part of the Banco Santander Group. Santander Financial Services plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our UK saving products are protected by the Financial Services Compensation Scheme.
This bank is a non-ringfenced bank. Ringfencing came into effect in the UK on 1 January 2019. The aim of ringfencing is to protect UK retail banking from shocks originating elsewhere in the group and in global financial markets. It requires the largest banking groups to separate core retail banking services (ringfenced) from activities such as investment and international banking (non-ringfenced).
For more information please refer to: https://www.bankofengland.co.uk/prudential-regulation/key-initiatives/ring-fencing
The Financial Services Compensation Scheme (FSCS) is the United Kingdom's statutory deposit guarantee scheme that covers deposits in savings accounts up to £85,000 (£170,000 for joint accounts), per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. This means that if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to £85,000 (£170,000 for joint accounts), per banking group. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the protection applies only to eligible deposits up to this limit. For more information on FSCS protection, and eligibility, please see FSCS eligibility. Funds held under a trust model can take up to three months to be returned, but in most cases will be returned sooner than this.
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We're here to answer any questions you may have.
A Fixed Term Deposit, also known as a term deposit or fixed rate bond, is a type of savings account where you deposit a sum of money for a set period (the "term") and receive a fixed interest rate (or expected profit rate in the case of Shariah savings) for that duration.
A Notice account is a type of variable rate savings account that requires you to give advance notice before you can withdraw your money and allows you to top up freely. In exchange for this restriction, notice accounts typically offer higher interest rates than Easy Access accounts, but lower rates than Fixed Term Deposits.
An Easy Access account, also known as an instant access or no-notice account, is a variable rate type of savings account that allows you to deposit and withdraw money whenever you need to, with no penalties. These accounts offer flexibility and convenience for savers.
