Santander Shareholders

An easy way to increase your holding of Santander shares whilst earning a rate of 5.00% AER/4.91% gross (variable) on your Santander share dividends

The Santander Shareholder Account and Dividend Re-investment Plan is exclusive to people based in the UK who own Santander shares* and hold them through the Santander Nominee Service. It offers a variable rate of interest of 5.00% AER/4.91% gross (variable) on deposited Santander share dividends between re-investments.

Why choose the Santander Shareholder Account and Dividend Re-investment Plan?

• Acquire more Santander shares  - without paying dealing charges.
• Rate - 5.00% AER/4.91% gross (variable) on deposited Santander share dividends.
• Quarterly dividend re-investment - Your share dividends will automatically be re-invested into Santander shares on a quarterly basis. Please note that quarterly dividend re-investments will be suspended when Santander implements the Scrip Dividend Scheme. Please refer to the terms and conditions for details.
• You also have the option when you open a new Santander Shareholder Account and Dividend Re-investment Plan to deposit an additional £1000 for investment into Santander shares on the next quarterly re-investment date.  Simply send a personal cheque made payable to yourself up to the value of £1000 with your completed application form. Please note that quarterly dividend re-investments will be suspended when Santander implements the Scrip Dividend Scheme, which may lead to a delay between depositing your funds at account opening and the acquisition of Santander shares. Please refer to the terms and conditions for details.
• No closure or penalty charge - withdrawals or partial withdrawals are not allowed, but you can close your account at any time without penalty.
• Quarterly statements - if Santander shares have been acquired for you.

Interest is paid quarterly on the first of the month in February, May, August and November.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Rates may change and we pay interest each quarter.

Rates correct as at 1 November 2012.

*Your investment in Banco Santander, S.A. ("Banco Santander") is recorded electronically in CREST in the form of Banco Santander CREST Depository Interests (CDIs). In these pages the term "shares" and associated references ("shareholders", "shareholding" etc) refer to Banco Santander CDIs held through the Santander Nominee Service, except where the context otherwise requires.

The value of shares and the income from them can go down as well as up. Past performance is not a reliable indicator of future results.

If you are in any doubt as to what action you should take, please consult appropriate independent advisers (please remember to ask about their fees). Neither Santander UK plc nor Banco Santander, S.A. can offer any advice to you on the suitability of your dealings in Santander Shares.

How to Apply

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What you'll need to apply :

You can apply if:

Get started:

Santander Nominee Service shareholders application form 

Please ensure you read the terms and conditions; and our Terms of Business and Savings User Guide before completing the application form.

To obtain an application pack by post

Call 0871 384 2000. Calls are charged at 8p per minute plus network extras.