Santander will pay customers free £50 each 'within 14 days'
Santander is launching a competitive range of fixed rate ISA products plus a £50 voucher for transfers over £10,000. Santander, which is rivalled by the likes of HSBC UK, Barclays, NatWest, Nationwide and more, has launched a range of new Fixed Rate ISA products today (Thursday September 26)..
Santander is paying with a £50 retail voucher offer for customers transferring £10,000 or more from a non-Santander ISA. The new range of ISA products, which can be opened online or in branch from today, are a 1 Year Fixed-Rate ISA - 4.31% AER/ tax-free (fixed) and 18-month Fixed-Rate ISA - 3.91% AER/ tax-free (fixed) and 2-year Fixed-Rate ISA - 3.81% AER/ tax-free (fixed).
The bank is also offering £50 cashback as an e-voucher to customers who transfer an ISA of at least £10,000 from another provider into a Santander Fixed Rate ISA. The voucher can be spent at over 100 outlets, including restaurants, supermarkets and clothes stores.
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Customers will receive their code to redeem their voucher automatically by email within 14 days of the completed transfer. The bank made the announcement on Thursday as the Cost of Living crisis continues.
Santander is part of the industry ISA transfer scheme and has dedicated teams in place to process customers’ ISA transfer requests, making it quick and easy for customers to transfer an ISA from another provider to Santander.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2024, the bank had around 19,600 employees and serves around 14 million active customers, including 7 million digital customers via a nationwide 444 branch network, telephone, mobile and online banking.
Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.