- Santander has launched market-leading ISAs, including an eISA paying 1.85% and a Cash ISA paying 3.10% (18 months), as well as highly competitive Cash ISAs paying 3.00% (1 year) and 3.25% (2 year)
- Customers transferring an ISA into one of Santander’s leading Fixed Rate ISAs can now also earn a £50 retail voucher, redeemable at hundreds of retailers
Santander has launched a market-leading eISA paying 1.85% and is offering highly competitive fixed rate ISAs with a £50 retail voucher for new and existing customers transferring their ISA balances.
The Santander eISA1 rate has been increased to a market leading 1.85% AER / tax-free (variable) and gives customers easy access to their money, if needed.
The bank has also increased rates on its Fixed Rate ISAs2:
• 1 Year Fixed Rate ISA - 3.00% AER/ tax-free (fixed)
• 18 Month Fixed Rate ISA - 3.10% AER/ tax-free (fixed)
• 2 Year Fixed Rate ISA – 3.25% AER/ tax-free (fixed)
New and existing customers who transfer an ISA of at least £10,000 from another provider into a Santander Fixed Rate ISA will benefit from £50 cashback as a retail voucher3, 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. Customers will receive their voucher code automatically by email within 30 days of the completed transfer.
Hetal Parmar, Head of Banking and Savings at Santander UK, said: “Saving for the future is important to many and our increased Cash ISA rates will give customers a boosted return – all tax-free. The voucher offer is an added extra, putting more money in our customers’ pockets this autumn, and our ISA transfer team is in place to help customers benefit from these limited time offers.”
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.
The increased rates and voucher offer is available for a limited time and may be withdrawn without notice. More information can be found on the Santander website.
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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 eISA can be found here: eISA | Online Instant Access ISA | Santander UK
2) More information on Fixed Rate ISA range can be found here: Fixed Rate ISAs | Santander UK
3) The £50 voucher is subject to availability and may be withdrawn at any time.