The Simple Saver is a savings account powered by Santander International which allows you to save and withdraw flexibly.

The account has an underlying interest rate of 4% AER (variable) - this is the rate you will earn after a year, including compounding. The interest rate may change.

You can pay in up to £85,000 in total and can keep the account open for as long as you like. Withdrawals can be requested in the app in Settings > Withdraw and are limited to one per calendar month. Any requested withdrawal will be paid back to you on the next working day.

We do not charge a customer service fee for our Simple Saver - instead, we will retain the difference (if any) between the interest received from the third party bank and the amounts paid on your product.

If you hold a balance of above £0 in a qualifying Moneybox account (ISA, LISA, JISA, or Pension), you’ll earn a reward rate of 1% (variable) on top of the underlying rate of 4% AER (variable). This gives you a reward rate of 5% AER (variable).