Read the details (small print) of the Account again. That rate is 1) only applicable on the first £4K and 2) a 12 month introductory rate. I believe the current Edge Saver Rate (after the first 12 months etc) is slightly less than 3% Answer from readthistoo on reddit.com
Santander UK
santander.co.uk › home › savings and investments › savings › santander edge® saver
Santander Edge saver
Earn interest on your savings each month with a Santander Edge saver. It's available when you open a Santander Edge current account and pays interest on up to £4000.
Be Clever With Your Cash
becleverwithyourcash.com › santander-edge-saver-review
Santander Edge Saver review: earn 6% interest - Be Clever With Your Cash
December 2, 2025 - That £36 a year will wipe out much of the cashback you earn on your bills. So why bother, well if the £36 is accounted for, it means you will be getting the full 6% on your savings in the linked Edge Saver. If you don’t want to earn cashback on the Santander Edge current account, you might be able to avoid the £3 fee altogether.
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Santander
santander.co.uk › assets › s3fs-public › documents › santander_edge_saver_issue_1_key_facts_document_save_mc0323_nov_22_h.pdf pdf
Summary Box Account name Santander Edge saver (Issue 1) What is the
¡ a UK resident, maximum of one Santander Edge saver for each Santander Edge current account you have.
Santander UK
santander.co.uk › home › current accounts › santander edge® current account
Santander Edge current accounts | Santander UK
Having our Santander Edge current account means you can apply for our Santander Edge saver. It pays 6.00% AER* / 5.84% gross** (variable) interest on balances up to £4,000.
Reddit
reddit.com › r/ukpersonalfinance › is there a better option than a santander edge saver account for the emergency fund?
r/UKPersonalFinance on Reddit: Is there a better option than a Santander Edge Saver account for the Emergency Fund?
August 8, 2025 -
The title says it all really- £20,000 in the Emergency Fund. 5.84% interest with the Santander Edge and instant access. Are there any better options out there at the moment?
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Read the details (small print) of the Account again. That rate is 1) only applicable on the first £4K and 2) a 12 month introductory rate. I believe the current Edge Saver Rate (after the first 12 months etc) is slightly less than 3%
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This rate only applies up to £4K with Santander, are you sure it’s for the full £20K? What I have found is that accounts that offer more than 5% always limit the deposit to a few hundred pounds/month saved or apply the rate up to a total of a few thousand ponds/year.
MoneyWeek
moneyweek.com › personal finance › savings
Santander Edge Saver: New market-leading easy-access account comes with some hurdles
August 16, 2023 - One important fact to note with the Edge Saver is that the rate includes a 2.5% bonus for the first 12 months. As a result, the returns on offer will drop a year down the line. Before the rate drops, savers may need to review whether a better rate of return can be obtained by moving their money elsewhere. That’s not the only detail to be aware of. The savings rate for the Santander Edge Saver account is limited to the first £4,000 you deposit.
Santander
santander.co.uk › about santander uk › media centre › press releases › santander boosts interest to 7% on easy access edge saver
Santander boosts interest to 7% on easy access Edge Saver | Santander UK
The bonus rate for existing Edge Saver customers will apply from between today, until 12 months have passed from the date their account opened. The Santander Edge Saver is an easy access account, with customers able to deposit as often as they like, as well as withdrawing their funds without ...
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Santander_Edge_Saver_(Issue_3)_Key_Facts_Document_SAVEMC0323MAR25IPGCDT.pdf pdf
Santander Edge saver (Issue 3)
You can have a maximum of two accounts – one for each Santander Edge current account you · have (in your sole name or that you hold jointly with someone else). If you don’t keep to these terms, we might switch your account to an Everyday Saver.
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Santander Edge Saver (Issue 2) Key Facts Document SAVEMC0323AUG24IPGCDT.pdf pdf
Page 1 of 5 Santander Edge saver (Issue 2)
You can have a maximum of two accounts – one for each Santander Edge current account you · have (in your sole name or that you hold jointly with someone else). If you don’t keep to these terms, we might switch your account to an Everyday Saver.
Santander UK
santander.co.uk › home › find your edge. it starts here.
Find your edge | Santander Edge
View Santander Edge saver · Earn cashback on your day-to-day spend · 1% cashback (up to £10 a month) on all your purchases · No foreign exchange fees on purchases abroad · £4 monthly account fee · Representative example · Special offer for Santander current account customers.
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Santander_Edge_Saver_Issue_5_Key_Facts_Document_SAVEMC0323DEC25PUBCDT.pdf pdf
Page 1 of 5 Talk to us in branch santander.co.uk Santander Edge saver (Issue 5)
Santander Edge Explorer or Santander Edge current account. You can have a maximum of three Edge Saver accounts in total – one linked to each Edge current
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Savings accounts interest rates_SAVE0496FEB25IPGCDT2.pdf pdf
Savings accounts interest rates Effective from 11 February 2025
• You can have one Santander Edge saver for each Santander Edge current account you have.
Reddit
reddit.com › r/ukpersonalfinance › is it worth paying £3 a month for santander edge for the 7% (max £4000) savings account?
r/UKPersonalFinance on Reddit: Is it worth paying £3 a month for Santander edge for the 7% (max £4000) savings account?
April 15, 2024 -
Have almost all my money in a Chase savings account (4.1%). Would it be worth getting a Santander edge account and putting £4000 into it for the extra £80 a year and 1% savings on utility bills? Not very good at finance so just thought I’d check. Thanks!
Top answer 1 of 8
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To work that out, you need to know how much the account costs per year, how much extra interest you get per year in £ terms, and whether the cost is more or less than the additional income.
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For the extra hassle for me, no not really. Chase is free so your £36 better off without switching. Now if you did switch you have to think about how much your bills Will bring in on top of the £44 you would earn extra (minus the £3 monthly fee) Been offered a 5% with no fee’s or amount limit by santander via money box for the last 2months if thats any better for you?
MoneySavingExpert
forums.moneysavingexpert.com › savings & investments
Santander Edge Saver ending — MoneySavingExpert Forum
March 14, 2025 - If Santander still allow 2 Edge current accounts to be held possible to have 2 Edge savers. "Only 1 Santander Edge saver per Santander Edge current account you hold" You can have 2 edge savers if you have a sole and a joint edge CA I have two sole Edge accounts and two Edge saver accounts.
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Santander_Edge_saver_(Issue_2)_Key_Facts_Document_SAVEMC0323JAN25IPGCDT.pdf pdf
Please keep this document safe – you might need it again in the future
You can have a maximum of two accounts – one for each Santander Edge current account you · have (in your sole name or that you hold jointly with someone else). If you don’t keep to these terms, we might switch your account to an Everyday Saver.
MoneySavingExpert
forums.moneysavingexpert.com › savings & investments
Santander Edge Saver Renewal — MoneySavingExpert Forum
September 25, 2023 - It's probably because you're opening a new issue saver with different rates anyway. ... Santander Edge Saver is available Santander Edge saver.
MoneySavingExpert
forums.moneysavingexpert.com › savings & investments
Santander Edge 6.00% Saver — MoneySavingExpert Forum
October 15, 2025 - Update. I have just checked their website and the product is now showing an underlying rate of 3.50% with a bonus of 2.50% for 12 months. So it is still 6.00% for 12 months. Rather poor communications from Santander, in my opinion.
MoneySavingExpert
forums.moneysavingexpert.com › budgeting & bank accounts
How to get a Santander Edge Saver without using the current account — MoneySavingExpert Forum
April 17, 2025 - I have a 123 account and an edge current account, I've never setup DDs on the edge current account to avoid the monthly fee. I also have had the edge saver when it was 7% and now at 6%. I do however use the edge debit card when abroad as its fee free purchases and atm withdrawals worldwide which the 123 isn't.
Santander UK
santander.co.uk › home › savings and isas
Savings and ISAs
The term of the Limited Access Saver is 12 months. Minimum opening deposit of £1, the maximum balance at any time is £2 million. ... Save up to £200 a month paid by standing order from your Santander current account. Manage your account in Mobile and Online Banking.
Santander
santander.co.uk › assets › s3fs-public › AD_documents › Saving_accounts_interest_rates_SAVE0496NOV24IPGCDT.pdf pdf
Savings accounts interest rates Effective from 4 November 2024
• You can have one Santander Edge saver for each Santander Edge current account you have.