Ryan FowlerCWU members at Santander are being encouraged to back a new pay deal in a consultative ballot, following a strong endorsement from the Santander National Committee (SNC).
Negotiations began in late November 2024, with the CWU seeking a pay award that reflects the bank’s robust financial performance and the vital contribution of its workforce. If approved, the deal will provide all colleagues in Bands S1 and S2 with a minimum pay increase of 4% or 3.5%, or £1,000—whichever is greater—in 2025. In 2026, the increase will be 3% or 2.5%, or £800, again depending on which figure is higher.
Band S3 colleagues will see a minimum increase of 3.25% or 2.75%, or £1,000 in 2025, and a rise of 2.25% or 1.75%, or £800, in 2026. Similarly, Band S4 employees are set to receive 3% or 2.5%, or £1,000 in 2025, followed by 2% or 1.5%, or £800 in 2026. Pay awards for Band S5 colleagues will be determined on a discretionary basis for both years.
Additionally, private medical insurance will be provided for all S1 and S2 staff, effective from January 2026.
If ratified by members, the agreement will take effect from 1st March 2025 and remain in place for two years. Members are set to receive their voting papers on Friday 10th January, with the ballot closing at midday on Friday 24th January.
A Zoom meeting will be held on Tuesday 14th January from 15:00 to 17:00, where CWU officials will provide further information about the deal.
Fiona Curtis, CWU national officer, commented: “It’s the firm view of our union and its Santander national committee that this deal is the best that can be negotiated for, and compares favourably with other pay deals in the sector. As such, we wholeheartedly urge members to vote ‘yes’ in the upcoming ballot.”
