Santander has increased the rate of interest available on its two year fixed rate postal ISA.
The 2 Year Fixed Rate Postal ISA pays 3.50% yearly on a minimum investment of £500. Earlier closure and transfers out are allowed subject to 120 days' loss of interest and no additions permitted.
Transfers in are accepted at the time of account opening.
Paying 3.50%, this is one of the market leading rates for both those looking to invest this year's allowance or transfer previous years ISAs and fix their rate in the medium term.
Four out of five Moneyfacts stars have been awarded.
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