New Cash ISAs From Santander
Published: 24 February 2011 By MoneyHighStreet Staff Leave a Comment
Santander has launched 2 new cash ISAs, the Loyalty Flexible ISA and the Flexible ISA, paying up to 3.3%.
As the tax year rapidly heads to a close, the ISA season is getting well underway. Santander have added to the mix with two market leading cash ISAs.
The Loyalty Flexible ISA Issue 1, gives loyal customers a guarantee to pay at least 2.8% about the Bank of England base rate for the first 12 months and the rate will not fall below 3.3% in this period. To qualify for this account customers must have a main current account, mortgage or investment with Santander or switch current account.
The Flexible ISA Issue 3 guarantees to pay at least 2.65% above the Bank of England base rate for the first 12 months and the rate will not fall below the minimum rate of 3.15% for this initial period.
The minimum investment for both savings accounts is £1 and penalty free access to the money is allowed. Neither allow transfers in of existing ISA money.
Existing customers who already have one of these accounts will automatically benefit from the increased rates.
Reza Attar-Zadeh, Director of Savings and Investments said: “Following the popularity of Flexible ISA during the 2010 ISA season, we’re pleased to offer Loyalty Flexible ISA and Flexible ISA at market leading rates to encourage people to make the most of their ISA allowance.
Our latest offering continues to underline our approach of rewarding loyal customers so that the more business you do with us, the more we will offer you in return.”
Customers can apply either by visiting any local branch of Santander, by visiting www.santander.co.uk or by contacting Santander by telephone on 0800 234 6065.