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Santander increases ISA rates

Santander increases ISA rates

Category: Savings

Updated: 25/02/2011
First Published: 24/02/2011

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 It is now over 6 months old so the content may be out of date.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 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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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 Any products featured may be withdrawn by their provider or changed at any time.