365 Day Notice Tracker



Deposit bank account provider

AER stands for Annual Equivalent Rate. It tells you how much interest you'd get if the interest was added to your savings once a year.

  • Maximise your savings by planning ahead

    Obtain competitive interest rates when you give notice to withdraw money.

  • Lock your money away and watch it grow

    Enjoy a fixed interest rate when you put money aside for a set period

  • Add or withdraw funds at any time

    Save money with flexibility and ease

  • FSCS protection up to £85,000

    Eligible deposits are protected by the FSCS up to £85,000 per bank, once the money has arrived at the bank. See how your money is protected.

  • Start saving from £20,000

    The minimum deposit amount is £20,000, and you can save up to £250,000.

Product Summary

Account name

365 Day Notice Tracker

What is the interest rate?

This is a notice account, paying a variable rate of interest.

The current interest rate on this account pays 5.78% AER* / 5.60% Gross**.

Interest is calculated daily and paid monthly. Interest is compounded and paid directly into your Santander International (UK) notice account.

Can Santander International change the interest rate?

Yes, the interest rate for this product is variable. Rates can therefore be increased or decreased at Santander International (UK)'s discretion as outlined in the product terms. You will be notified in advance of any rate change and provided with at least 1 days notice of any rate reduction. The interest rate is not guaranteed.

What would the estimated balance be after 12 months based on a £1,000 deposit?

At current interest rates:

A deposit of £1,000.00 would earn £57.46 in interest after 1 year, for a final balance of £1,057.46.

A deposit of £5,000.00 would earn £287.30 in interest after 1 year, for a final balance of £5,287.30.

These are illustrative examples and are not based on your individual circumstances. The examples assume that you put the full amount in upon opening the account and do not make any withdrawals in the first 12 months.

How do I open and manage my account?

Prosper have partnered with Akoni to bring you this product. Akoni handles all the account opening on your behalf. As long as you have the minimum deposit amount of £20,000.00 available to deposit, you simply instruct Akoni via your cash dashboard. Once you have confirmed this step Akoni will instruct the deposit with Santander International (UK) and transfer the funds from your Hub account. The maximum balance you can instruct for this savings account is £250,000.00. If you have not already done so you will be asked to complete a digital application. This will only be required the first time you place a deposit via any of the banks Akoni works with.

To access and manage this account, including withdrawals and placing of additional funds, you must do this via the Akoni dashboard or by calling our customer service team. It is not possible to manage this account via Santander International (UK)'s online banking or via their customer channels even if you are an existing customer.

Can I withdraw money?

This is a notice account and therefore you serve notice to withdraw all or part of your funds at any time via the platform. Funds would be returned to your nominated account once the notice period has expired, unless you instruct a new deposit. The notice can be cancelled at any point if you change your mind. If as a result of the withdrawal you fall below the minimum balance requirement the interest rate payable on the account can change. Earlier withdrawal without the notice period may be possible in exceptional circumstances and may be subject to additional charges or penalties.

Additional information

Interest / Tax

* AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year. AER is intended to help you easily compare the return available on different savings products. Interest will be paid gross.

** Gross rate is the interest payable without taking account of any tax payable.

We pay all savings interest gross, with no tax deducted. It is the depositor's sole responsibility to pay any tax due to interest income.

You can get professional tax advice, or find more information on the HMRC website. Savings products can be withdrawn at any time and without notice.

Deposit Guarantee protection

The deposits placed with the bank or building society via Akoni, as a Deposit Aggregator, are covered by the Financial Services Compensation Scheme, which is the UK’s deposit guarantee scheme. This means your eligible deposits are protected up to a total of £85,000 per authorised entity. If your total deposits within the same institution are above that limit, they are unlikely to be covered i.e. if you have money in multiple accounts with the same bank or with banks that are part of the same banking group (and share a banking license) the FSCS treat them as one bank. This means the FSCS compensation limit of £85,000 applies to the total amount you hold across all these accounts, not each separate account.

FSCS protections are limited to “Eligible Claimants” as per the FCA definitions. For more information, please visit https://www.fscs.org.uk or watch “How FSCS protects your money”.

Please also note that the FSCS will pay these claims as soon as possible, and always within three months, in the event that the bank or building society fails. More information on this can be found at https://www.fscs.org.uk/what-we-cover/banks-building-societies/.

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AER stands for Annual Equivalent Rate. It tells you how much interest you'd get if the interest was added to your savings once a year.

Frequently asked questions

  • Who are Prosper and what do we do?

    We're building a digital-first wealth management platform that offers transparent, fair and low-cost access to a broad range of investment accounts, such as:

    • Self-invested personal pensions (SIPPs)
    • Individual savings accounts (ISAs)
    • General investment accounts (GIAs)
    • Cash savings accounts

    Our members will enjoy zero or low annual costs on investment products from a wide selection of established and well-known asset managers. From Vanguard, the low-cost leader’s ETFs, to ready-made portfolios from Blackrock, the world’s largest asset manager, Prosper caters for a broad range of investing experience and preferences.

    We’re a community of smart investors on a mission to maximise potential returns and minimise fees. Prosper exists to grow our members’ wealth so they can get more of the life they want.

    Our board, advisory and senior management are a highly experienced, multi-disciplinary team, with a proven track record of building some significant financial services firms such as: Embark, now part of Lloyds Bank, Tandem Bank, Peel Hunt, Capital One and Worldfirst, now part of Ant Group.

  • Do I pay a fee?

    No, you don’t pay a fee to open a Prosper Savings account. The banks we partner with pay us a commission for bringing them new customers. Don’t worry, we’ve done the maths for you. The amount you see on our platform is the actual rate you’ll get.

  • How long does it take to open an account?

    Opening an account is easy and only takes a few minutes online. All you’ll need is your passport or driver’s license and bank details.

  • What’s a savings platform and how does it work?

    A savings platform acts as a centralised marketplace where you can access a variety of savings accounts from different banks and financial institutions. You can compare, open, and manage accounts all in one place, simplifying the saving process and maximising your potential earnings.

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