Santander improves ISA rates

Thursday, 10 March 2011 01:19

Santander has announced it will increase the rates on its Loyalty Flexible ISA Issue 1 and its Flexible ISA Issue 3 from tomorrow (March 11th).

Both new and existing customers will benefit from the rate change for these products, with a minimum rate of 3.50 per cent AER.

The Loyalty Flexible ISA Issue 1 rewards loyal customers with a guarantee to pay at least 3.00 per cent above the Bank of England base rate for the first 12 months, while the Flexible ISA Issue 3 guarantees to pay at least 2.80 per cent above the rate for the same period.

Reza Attar-Zadeh, director of savings and investments said: "We are committed to delivering value-for-money products and this latest move underlines our desire to ensure customers benefit from the best instant access variable rate ISA in the market."

The Loyalty Flexible ISA is available to customers who have their main current account, mortgage or investment with Santander or who switch their main current account to Santander using the Account Transfer Service.

Use the Myfinances.co.uk's comparison site to find the best deal on an ISA 

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