Santander UK has confirmed that its eSaver Limited Edition (Issue 1) will be withdrawn today, with new and existing customers able to apply until 23:59 on 17 October 2022(1), following unprecedented demand for the limited-edition product.
A competitive new eSaver Limited Edition (Issue 2) will be launched on Tuesday 18 October:
- eSaver – 2.00% AER/gross (variable) for 12 months
- Interest paid on balances up to £250,000
- The rate will be available until 1 November 2022, however, could be withdrawn earlier
Any applications received by 23:59 on 17 October will receive eSaver Limited Edition (Issue 1) rate once opened. Applications will be processed in the following days.
Santander continues to provide a wide range of support for savers, including its competitive cash ISAs:(2)
- Easy Access ISA (eISA) – 2.00% AER/tax-free (variable)
- 1 Year Fixed Rate ISA - 3.70% AER/ tax-free (fixed)
- 18 Month Fixed Rate ISA – 4.00% AER/ tax-free (fixed)
- 2 Year Fixed Rate ISA – 4.20% AER/ tax-free (fixed)
New and existing customers who transfer an ISA(3) of at least £10,000 from another provider into a Santander Fixed Rate ISA(4) will benefit from a £50 retail voucher, which can be spent at over 100 retailers, including restaurants, supermarkets, clothes stores, and subscription services. A full list of retailers can be found here.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
1) More information on the eSaver can be found here: eSaver | Instant Access To Savings Online | Santander UK
2) Rates may be withdrawn at any time. More information on the Easy Access and Fixed Rate ISA range can be found here: ISAs | Compare & Apply For An ISA Online | Santander UK
3) Customers will receive their voucher code automatically by email within 30 days of the completed transfer. The £50 voucher is subject to availability and may be withdrawn at any time
4) Santander is part of the industry ISA transfer scheme and has dedicated teams in place to process customers’ ISA transfer requests, making it quick and easy for customers to transfer an ISA from another provider to Santander. More information on how to transfer ISAs can be found here: How To Transfer Your ISA | Help & Support | Santander UK