Santander is launching a new account offering up to four percent interest plus help with essential bills and spending. The Santander Edge current account and saver means customers can earn up to £20 in cashback and £13.10 in interest per month for a £3 monthly fee.   

The bank’s new rewards platform Santander Boosts, which is available to all current account and credit card holders aged 18 and over, offers customers cashback, vouchers, discounts, prize draws, and giveaways all tailored to their individual interests.

Current offers include a £2,500 cash giveaway and £500 eGift cards towards groceries, alongside thousands of other prizes, including instant wins for free hot drinks and breakfasts. 

The Edge brand and wider Santander accounts will continue to evolve based on customer feedback, with new features due to launch in the coming months including:  

Carbon footprint tracker – tracks customer carbon footprint based on spend and suggests actions to reduce it; and 

Smart Budgets – enables customers to set budgets in categories of their choice, such as groceries, and notifies them when they have reached their budget/ limit.  

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When it comes to savings accounts there is no one-size-fits-all solution and people may be able to get more interest with another savings account.

FirstSave now offers a top interest rate on a one-year fixed account - paying 4.5 percent interest on savings, however there's a small catch.

Customers need a minimum of £1,000 in savings and can choose to receive interest each month, although they will need to have at least £5,000 to access this feature.

This account has been highlighted as a “top pick” in MoneySavingExpert's latest weekly newsletter.