Santander launching new Isa range on Monday including two year fix paying two per cent.

6th March 2014

Santander is launching a new range of cash ISAs available from Monday 10 March. The new 2 Year Fixed Rate ISA pays a 2.00 per cent AER tax free (fixed), and offers savers a guaranteed return. New and existing Santander 1|2|3 customers; Current Account and Cashback Credit Card customers, and all Santander Select customers, can take out an exclusive 2 Year Fixed Rate ISA, paying a market-leading/competitive 2.30 per cent AER tax free (fixed).

As well as 2 Year Fixed Rate ISA, Santander’s latest easy–access direct Isa saver, will also be available to new and existing customers. Offering a 1.00 per cent AER tax free (variable) for 12 months, it allows access via cash card, telephone and internet banking². Both the 2 Year Fixed Rate ISAs and Direct ISA Saver require a minimum opening balance of £500.

Richard Al-Dabbagh, Head of Savings says: “Once again, we’re offering three ISA options available to savers who have yet to make arrangements for the current tax year or for those looking to maximise their savings in 2014/15. Customers keen to secure a guaranteed return, can opt for our ISA 2 Year Fixed Rate which is available at 2.00 per cent with a minimum opening balance of £500, and, as it accepts transfers in, will help customers looking to consolidate all their ISA money in to one account.

“We’re committed to helping families make the most of their hard-earned cash, and those new and existing customers who have a 1|2|3 Current Account or 1|2|3 Cashback Credit Card, or who are a Santander Select customer, can reap further rewards by earning our highest rate with our exclusive 2 Year ISA at 2.30 per cent AER tax free (fixed) in addition to benefiting from the cashback and interest available to them on their accounts.

“Our latest direct Isa saver is for customers seeking easy-access to their savings, offering a variable rate of 1.00 per cent AER tax free. 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.”

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