Santander Bank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
Santander Bank
Santander Savings
0.01%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Santander Bank vs. Upgrade Savings Calculator
Upgrade earns $1,823.9 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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Santander Bank vs. Upgrade
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
Why Upgrade?
- ✓Higher potential APY (3.05% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.5 vs 4.0)
— Key Feature Differences —
Better Returns at $10,000
UpgradeUpgrade's Premier Savings earns more on smaller deposits (approx. $305 vs $1/yr).
Better Returns at $25,000
UpgradeUpgrade's Premier Savings pulls ahead with larger amounts (approx. $763 vs $3/yr).
Best for Simplicity
UpgradeUpgrade's Premier Savings offers 3.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UpgradeUpgrade offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.5 (vs. 4.0)
Shared Benefits
Over a 1-year period, Upgrade's Premier Savings pays $304 more interest on a $10,000 balance than Santander Bank's Santander Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Upgrade offers a significant advantage with its Premier Savings account, boasting an APY of 3.05%, which is substantially higher than Santander Bank's Santander Savings account, which yields only 0.01%. Upgrade's account requires a minimum balance of $1,000, but has no maintenance fees or direct deposit requirements, making it an appealing choice for savers. In contrast, Santander's account has a lower APY, requires a minimum deposit of $25, and incurs a $1 monthly maintenance fee. Overall, Upgrade's Premier Savings stands out for its higher returns and user-friendly features.
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.
Stop Losing Interest
See who beats both Santander Bank and Upgrade.
| Feature | Santander Bank | Upgrade |
|---|---|---|
| APY | 0.01% Verified: 12/10/2025 ↘︎ 0.02%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Santander Savings | Premier Savings |
| Minimum Deposit | $25 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| BBB Rating | Not Rated | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Santander Bank | Upgrade |
|---|---|---|
| Santander Savings | Premier Savings | |
Current APY | 0.01% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.2 | -10.4 |
Days Since Change | 82 | 39 |
11-Month High | 0.03% | 4.14% |
11-Month Low | 0.01% | 3.05% |
Adjustments / Mo | 0.09 | 0.28 |
Volatility Score | 0.384 | 0.105 |
How to read these metrics(Click to expand)
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