Santander has today launched a new range of Fixed Rate ISA products1, with a £50 voucher offer2 for customers transferring in £10,000 or more from a non-Santander ISA.
The new range of competitive ISAs, which can be opened online or in branch, are:
• 1 Year Fixed-Rate ISA – 4.15% AER/tax-free (fixed)
• 18 Month Fixed-Rate ISA – 4.05% AER/tax-free (fixed)
• 2 Year Fixed-Rate ISA – 4.00% AER/tax-free (fixed)
The bank is also offering a £50 cashback e-voucher to customers who transfer an ISA of at least £10,000 from another provider into a Santander Fixed Rate ISA. The voucher can be spent at over 100 outlets, including restaurants, supermarkets and clothes stores. A full list of retailers can be found here. Customers will receive their code to redeem their voucher automatically by email within 30 days of the completed transfer.
Saket Jasoria, Head of Savings at Santander UK, said: “With the new tax year just around the corner, we know many will be considering how they can make their money work harder for them. That’s why we’re pleased to launch our new Fixed Rate ISAs giving customers tax-free competitive returns, along with our £50 e-voucher cashback offer, as an added treat this Spring.”
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 about Santander’s fixed rate ISAs and savings product can be found on the Santander website and in branch.
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Notes to Editors
1) More information on Santander’s Fixed Rate ISA range can be found here.
2) The £50 e-voucher is subject to availability and can be withdrawn at any time. More information on how customers can redeem their voucher can be found here.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2024, the bank had around 18,000 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM, STD US, BNC.LN) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Banco Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way.