Santander

Santander responded to a Request for Information from the Department for Education and provided the information on this page. Details may be subject to change.

The information provided is aimed at multi-academy trusts. Some local authority maintained schools may also benefit.

Santander offers

• two current account options as well as instance access, 35-, 95-, 180- and 365-day notice accounts and time deposit savings accounts
• a current account calculator to find the best option for your organisation
• support from the Education Relationship Team, made up of Relationship Directors and Relationship Managers with expertise in the education sector
• use of their auto sweep facility, to receive overnight interest on balances

Santander also offers large multi-academy trusts access to their virtual accounts. Virtual accounts help you manage multiple accounts at once and pool cash to potentially benefit from a higher interest rate.

Switching to Santander

The account opening process is managed through an online portal with support from Santander’s front office team, including a Relationship Director and a Relationship Manager.

The process typically takes 10 to 14 days from receiving the necessary information to opening the account.

Visit Santander’s website