From Monday 14th March 2016, Santander's new range of savings accounts and Cash ISAs will be available to savers keen to make the most of their money and tax free savings.
All new and existing Santander customers can benefit from a new fixed rate Regular eSaver paying 5 per cent AER/Gross (variable). Customers can open the account in branch or by telephone and can access their account online or using the mobile banking app. There are no penalties for withdrawals and there is no minimum opening or monthly deposit. Customers can save up to £200 each month in the Regular eSaver by setting up a standing order from their Santander current account. After 12 months the account will change to an Everyday Saver.
The latest 2 Year Fixed Rate ISA pays 1.35 per cent AER tax free (fixed) for new and existing Santander 1|2|3 customers, customers with either a 1|2|3 Current Account or 1|2|3 Credit Card, and all Santander Select customers. The standard 2 Year Fixed Rate ISA pays 1.10 per cent AER tax free (fixed).
Santander's new eISA will also be available to new and existing 1|2|3 and Select customers offering 1 per cent AER tax free (variable) for 12 months and 0.80 per cent AER tax free (variable) to all other customers. It allows access via online and mobile banking. Both the 2 Year Fixed Rate ISA and the eISA require a minimum opening balance of £500.
Santander also offers an Inheritance ISA (formally the APS ISA) paying up to 0.75 per cent and available in branches, as well as the Junior ISA offering a rate of 3.0% per cent AER tax free (variable) for new and existing Santander 1|2|3 customers and all Santander Select customers. The standard Junior ISA pays 2.5 percent AER tax free (variable)
Helen Bierton, Head of Savings at Santander said: "Helping families save and make their money go that little bit further is something we are committed to and we have a range of products available to all different types of savers."
As in previous years, all Santander ISAs accept transfers in from existing cash ISAs and can also be topped up in the new tax year, helping customers keep all their ISA savings in one account.
Customers can access the preferential deals by being part of the 1|2|3 World; having either a 1|2|3 Current Account or 1|2|3 Credit Card. These products give customers cashback on their household bills, cashback on spending and interest up to 3% AER on balances between £3,000 and £20,000.
Santander Savings Products
| Product | Rate |
|---|---|
| 2 Year Fixed Rate ISA | £1+ 1.10% |
| 123/Select 2 Year Fixed Rate ISA | £1+ 1.35% |
| eISA | £1+ 0.80% |
| 123/Select eISA | £1+ 1.00% |
| Easy ISA | £40,000+ 0.50% £27,000+ 0.30% £1+ 0.10% |
| Inheritance ISA | £10,000 + 0.75% £1 + 0.25% |
| Junior ISA | £1+ 2.5% |
| 123/Select Junior ISA | £1+ 2.5% |
| Help to Buy: ISA | £1+ 4% |
| Regular eSaver | £1+ 5% |
- Ends -
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
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its 1|2|3 products for retail customers and relationship banking model for UK SMEs. As at 31 December 2015, Santander UK was one of the most switched to banks. The bank serves more than 14 million active customers with c. 20,000 employees and operates through 857 branches and 70 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
About Us
Banco Santander (SAN.MC, STD.N, BNC.LN) is a leading retail and commercial bank, based in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. Santander is the largest bank in the euro zone by market capitalization and among the top banks on a global basis. Founded in 1857, Santander had EUR 1.51 trillion in managed funds, 13,000 branches and 194,000 employees at the close of 2015. In 2015, Santander made attributable profit of EUR 5,966 million, a 3% increase with respect to the previous year.
Media Enquiries
Sarah Webster Tel: 0207 756 5533 Mobile: 07568 112 529
The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.