Santander 2.75% Variable ISA

Transfer your tax free savings to the Santander ISA and geta great rate of 2.75% aer, and that’s tax free. The ISA from www.santander.co.uk/isa offers you instant access tax free savings, with a 2.75% AER interest rate on balances of £9,000 or more. If you haven;t got £9,000 to invest you will get 2.00% AER tax free. Both of these rates are variable and include a variable bonus of 2.25% AER tax free for £9k and over , and a bonus of 1.50% AER tax free for ISA account balances under £9k.

Given that the Cash ISA limit is well below the £9k limit, you’ll have to transfer your existing cash ISA to Santander, and the do provide an easy to use transfer service to make this as painless as possible. As the www.santander.co.uk/isa offer of 2.75% is variable and a massive 2.25% of it is only available for 12 months, the underlying rate isn’t great and will leave you with a very small rate after the 12 month bonus expires. The www.santander.co.uk/ISA offer may be withdrawn if it becomes oversubscribed, so if you want to transfer your cash ISA account from another bank, now is the time to do it. You may have signed up for another banks introductory offer last year and looking for a new place to geta decent rate of tax free interest, so the easy switching service from www.santander.co.uk/isa could be the exact thing you;re after. All you have to do is sign the form, and let Santander do the rest.

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Please note that this review does not constitute financial advice or endorsement of the product under review. The rates or products may have been changed or withdrawn since the review was written.