Santander provides an ISA tonic - Savings - News - Moneyfacts


Santander provides an ISA tonic

Santander provides an ISA tonic

Category: Savings

Updated: 02/02/2010
First Published: 02/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Santander has withdrawn and replaced it two year fixed rate postal ISA, paying the same rate that sits with the best in the market.

The product matures on 1.3.12 and pays a yearly rate of 3.50% on a minimum investment of just £1. Early access is only permitted on closure and 120 days' loss of interest.

Transfers out incur 120 days' loss of interest, although transfers in are accepted at the time of the account opening.

This relaunch is positive news as the 2009/10 ISA season begins to draw to a close. The rate is one of the leaders in the two year market and the low minimum investment adds to its appeal.

The ability to access funds, albeit on closure and loss of interest, may be helpful to some savers should they hit an unexpected financial bump in the future.

This ISA is also available in branches of Alliance & Leicester.

The product has been awarded four out of five Moneyfacts stars.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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