Santander UK has introduced a new range of competitive fixed-rate Individual Savings Accounts (ISAs), offering customers attractive tax-free savings options. The highlight includes a one-year fixed rate ISA with a market-leading Annual Equivalent Rate (AER) of 4.5%, available alongside two-, three-, and five-year fixed rate ISAs at the same rate.
The new products feature:
- 1 Year Fixed Rate ISA – 4.50% AER, tax-free
- 2 Year Fixed Rate ISA – 4.50% AER, tax-free
- 3 Year Fixed Rate ISA – 4.50% AER, tax-free
- 5 Year Fixed Rate ISA – 4.50% AER, tax-free
To reward customers who transfer their existing ISA funds to Santander, the bank is offering bonus cashback e-vouchers. Customers transferring £10,000 or more from a non-Santander ISA into a Santander Fixed Rate or Easy Access ISA qualify for these e-vouchers, which can be spent at over 250 participating retailers, including restaurants, supermarkets, and clothing stores.
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The value of the e-voucher scales with the size of the transfer — for example, transfers of £100,000 or more are eligible for a £400 voucher. E-vouchers are automatically sent by email within 30 days following the completed transfer.
Gail Russell, Head of Everyday Banking at Santander UK, stated, “We’re excited to offer our customers a new suite of competitive fixed-rate ISAs that allow them to save tax-free and maximize returns. The bonus e-voucher adds extra value, providing customers with a little additional cashback this Spring.”
Santander participates in the industry ISA transfer scheme and provides dedicated support teams to ensure smooth and timely transfers from other providers.
Disclaimer: The e-voucher offer is subject to availability and may be withdrawn at any time. Terms and conditions apply.