Santander Bank vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
TIMBR
Premium Savings Account
4.40%APYDec 6, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
TIMBR
Premium Savings Account
Comparison Analysis
Comparing Santander Bank vs. TIMBR
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.0 vs 0.0)
Why TIMBR?
- ✓Higher potential APY (4.40% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $1/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $3/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Santander BankSantander Bank offers an iOS app rated 4.8 (vs. 0.0) and Android app rated 4.0 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $439 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
TIMBR offers a significant advantage with its Premium Savings Account, boasting an impressive APY of 4.40%, making it a superior choice for savers compared to Santander Bank's Santander Savings, which has a much lower APY of 0.01%. TIMBR's account requires a minimum deposit of $1,000 and is online-only, while Santander's account has a lower minimum deposit of $25 and does not require direct deposit. Additionally, TIMBR's account is noted for its simplicity, with no maintenance fees or caps, whereas Santander imposes a $1 maintenance fee. Overall, TIMBR is the clear winner in terms of returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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| Feature | Santander Bank | TIMBR |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change | 4.40% Verified: 12/6/2025 Stable (90d) |
| Product Name | Santander Savings | Premium Savings Account |
| Minimum Deposit | $25 | $1,000 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $1 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.0 | iOS- Android- |
| BBB Rating | Not Rated | A+ |
| Next Steps |
Savings Comparison
TIMBR earns $2,689 more than Santander Bank.
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,694.70(13.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,694.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Santander Bank | TIMBR |
|---|---|---|
| Santander Savings | Premium Savings Account | |
Current APY | 0.01% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.3 | -1.3 |
Days Since Change | 78 | 236 |
10-Month High | 0.03% | 4.55% |
10-Month Low | 0.01% | 4.40% |
Adjustments / Mo | 0.10 | 0.10 |
Volatility Score | 0.393 | 0.013 |
How to read these metrics(Click to expand)
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