Santander has launched a new ISA transfer cashback offer allowing customers to earn up to £1,000 when they transfer their existing ISA - whether a cash ISA or stocks and shares ISA - into a Santander Stocks and Shares ISA, through the bank’s online Investment Hub and Financial Planning Service. The offer runs until 1 December 2024.
To qualify, customers must transfer at least £5,000 from an existing ISA into a new or existing Santander Stocks and Shares ISA during the offer period. Transfers must be completed by 31 March 2025 for cashback to be paid by 1 May 2025.
The cashback is tiered, meaning the more customers transfer, the more they can earn:
- £5,000 - £9,999: £50 cashback
- £10,000 - £24,999: £100 cashback
- £25,000 - £49,999: £250 cashback
- £50,000 - £74,999: £350 cashback
- £75,000 - £99,999: £500 cashback
- £100,000+: £1,000 cashback
This exclusive offer is available to all UK residents aged 18 and over, whether they are new or existing customers, with an Investment Hub account and applies on the ISA transfer balance invested and not new ISA contributions.
Customers can choose to invest online through the Investment Hub by making their own investment decisions; using Santander’s Digital Investment Adviser; or by arranging an appointment with one of the bank’s advisers (eligibility criteria apply). Customers can pick from over 850 investments funds from across the market, including a range of responsible and sustainable funds.
In addition, Santander offers a Savings and Investments Calculator which enables potential investors to see comparative predicted returns on their money for savings or investment options and the relative risks of both.
More information about Santander’s ISAs and savings product can be found on the Santander website and in branch.
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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 for editors
- Cashback is not payable on new ISA contributions and is independent of any other incentives that the customer may be eligible for, such as the £50 ISA Transfer offer.
- Cashback will be paid into the Cash Only Account on the Investment Hub on or before 1 May 2025.
- Includes investments made into all funds and FTI held on the Investment Hub.
- More information on the Fixed Rate ISA range 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 30 June 2024, the bank had around 19,600 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide 444 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. Banco Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.