Santander launch new cash ISAs

Wednesday, 04 January 2012 12:04

Santander has launched two new ISAs for the New Year.

It’s two-year fixed rate postal ISA pays up to 3.50 per cent gross pa/AER. Investors can earn 3.25 per cent when saving between £500 and £14,000 and the rate increases to 3.50 per cent for savings above £14,000.

Meanwhile, Santander’s one-year fixed rate postal ISA pays 2.75 per cent for savings between £500 and £14,000 and three per cent on balances above £14,000. The minimum level of investment for both ISAs is £500.

New customers are allowed to transfer balances in from existing ISAs. The limit for investing in a cash ISA is £5,340 in the 2011-12 financial year.

Matt Hall, Head of Savings, at Santander said: "The New Year is a great time for savers to get their money matters in order and ensure they secure their tax free savings. For those keen to make the most of their money, our fixed rate ISAs continue to prove popular with savers looking to lock in their cash, offering the certainty of return with the advantage of earning the interest tax free.

“Both accounts allow savers to transfer in money held in ISAs from previous tax years so that they can keep all their ISA money in one place and earn a competitive guaranteed return."

Compare ISAs to find the rates and features you need.
 

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