From Monday 9th March 2015, Santander’s new range of cash ISAs will be available to savers keen to make the most of their tax free savings.
New and existing Santander 1|2|3 customers with either our 1|2|3 Current Account or 1|2|3 Credit Card, and all Santander Select customers, will benefit from an exclusive 2 Year Fixed Rate ISA paying 2.0 per cent AER tax free (fixed). The standard 2 Year Fixed Rate ISA pays 1.5 per cent AER tax free (fixed).
Santander’s latest easy-access Direct ISA SAVER, will also beavailable to new and existing customers. Offering 1.5 per cent AER tax free (variable) for 12 months for 1|2|3 and Select customers, or 1.0 per cent AER tax free (variable), it allows instant access via cash card, telephone and internet banking3. Both the 2 Year Fixed Rate ISAs and Direct ISA SAVER require a minimum opening balance of £500.
Helen Bierton, Head of Savings at Santander said: “We’re committed to helping families make the most of their hard-earned cash, and new and existing 1|2|3 and Select customers, can reap further rewards by earning a higher rate in addition to benefiting from the cashback and interest available to them on their accounts.
“All of our four ISA options help savers who have yet to make arrangements for the current tax year or for those looking to maximise their savings in 2015/16.”
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.
Customers can access the preferential deals by being part of the 1|2|3 World; having either a 1|2|3 Current Account or 1|2|3 Credit Card. These products give customers cashback on their household bills, cashback on spending and interest up to 3% AER on balances between £3,000 and £20,000.
To support its ISA range and as part of its commitment to being a bank that is simple, personal and fair, Santander will be launching an innovative, new mobile ISA App. The app, which is the UK’s first standalone ISA app, will be available to Santander customers and non-customers, with features that include: education information on ISAs; an interest calculator to show how much interest you can earn; and a countdown clock to remind customers of the end of tax year deadline for saving.
It will also have details of Santander’s ISA product range and will allow customers to open new ISAs, upgrade existing ones and make transfers in. The new ISA app will deliver a new channel of choice for customers and will help make it easier for customers to save with Santander.