31 Day Notice Tracker



31 Day Notice Tracker

How it works


Open your Prosper holding account

Your holding account with Prosper powered by Akoni lets you open as many cash savings accounts as you like through a variety of banks.
Your holding account with Prosper lets you open as many cash savings accounts as you like through a variety of banks.

Fund your holding account

You can now add funds to your holding account via open banking or by manually sharing your bank details.

Choose the cash savings account you want

From the range of accounts on offer you can fund the one you want. Your money is now protected by the bank you choose to deposit with.

Product summary

Account name
31 Day Notice Tracker
What is the interest rate?

4.99% Gross / 5.12% AER*

The rate of interest payable is a variable rate of interest which tracks the Bank of England Base Rate. If the Base Rate changes, then the interest rate payable on the account will update the next working day after the Bank of England’s announcement.

Interest will be paid daily and compounded

Can Santander international change the interest rate?

Yes, the interest rate can change at any time

If the rate is being decreased you will be given at least 45 days notice

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 £51.20 after 12 months, for a final balance of £1,051.20

A deposit of £5,000.00 would earn £256.00 after 12 months, for a final balance of £5,256.00

These are illustrative examples and are not based on your individual circumstances.

How do I open and manage my account?

This account is available to UK residents over the age of 18, with a minimum balance of £20,000.00 and a maximum balance of £1,000,000.00

You can open, view and manage your account directly through Prosper

Can I withdraw money?

Yes, withdrawal requests can be made at any time after opening the account. However, you will not receive your funds until the end of the specified notice period.

Additionally, it's vital to consider that full withdrawals can only be executed if there are no pending deposits and deposits are not allowed if there is a pending full withdrawal

There are no charges or penalties for withdrawing your money in line with the notice period requirements on the account.

Additional information

The information provided in this summary box is a summary of the key features of this product.

AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.

Interest will be paid gross. Gross interest does not take into account any tax payable.

Depending on your individual circumstances, you might have to pay tax on any interest you earn. If you have any specific tax questions you should seek professional tax advice.

Alternatively, further guidance can be found on the HMRC website, for further information please go to: https://www.gov.uk/apply-tax-free-interest-on-savings. Please note that your tax treatment may be subject to change in the future.

You are protected by FSCS up to a maximum of £85k across all of your eligible Santander International accounts. Therefore, this maximum is the total protection for this deposit and any others you may hold with Santander International directly.

For all the information you need on FSCS please go to https://www.fscs.org.uk/

Placing funds via Prosper may impact how quickly FSCS can return your deposit to you if Santander International should fail. For all information you need on the FSCS repayment timelines please go to https://www.fscs.org.uk/what-we-cover/banks-building-societies/

Why save with Prosper

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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 Cash 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, National Insurance number, 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.

  • Who is Akoni?

    Prosper partners with Akoni to provide access to a range of savings accounts via our banking partners. Akoni Hub Limited is authorised and regulated by the Financial Conduct Authority. Akoni cash savings accounts are only available to manage and open via their dedicated website and not through the Prosper app. Read more about Akoni here.

Key benefits

Maximise your savings by planning ahead

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

FSCS protection up to £85,000

Eligible deposits are protected by the FSCS up to £85,000 per bank.

Start saving from £20,000

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