Santander has increased the rates on two of its popular ISA accounts.
The Flexible ISA Issue 3 pays a rate of 3.15% on a minimum investment of £1. The rate is guaranteed to be 2.65% above Base Rate with a minimum rate of 3.15% for 12 months.
The Loyalty Flexible Issue 1 pays a rate of 3.30% on a minimum investment of £1. The rate is guaranteed to be 2.80% above Base Rate with a minimum rate of 3.30% for 12 months.
For both accounts all other terms and conditions remain unchanged.
The increase on the Flexible ISA is available to both new and existing customers looking for a home for this year's tax free allowance.
At 3.15%, it rises to the top of the variable rate ISA market and for customers who qualify for the loyalty option a higher rate of 3.30% is available.
For both accounts a review will be required after 12 months when the rate will drop dramatically.
Four out of five Moneyfacts stars have been awarded.
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