Santander has reduced the rate paid on its standard Help to Buy ISA, but despite this, it maintains a top-10 position among its peers and earns an "excellent" rating in the process.
Help to Buy: ISA now pays a competitive 2.00% yearly from a minimum investment of just £1, which allows it to comfortably take a place in the Moneyfacts charts.
This ISA can be opened in branch or by phone and can then be managed in the same way as well as online. A maximum of £200 can be deposited per month, although up to £1,200 can be transferred as an initial investment, and transfers in of existing Help to Buy ISAs are also accepted in full.
Multiple deposits can be made per month up to the £200 limit, and an unlimited number of withdrawals are also allowed, with this account offering instant access to invested funds.
The rate reduction to this ISA hasn't dented its appeal, with it still holding a coveted place in the charts. Its ongoing competitiveness is combined with its straightforward terms, which should appeal to those looking to save for their first home.
Moneyfacts rating: Excellent
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