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2 Year Fixed Rate ISAs

Make the most of your tax free savings with our guaranteed rates.

  • Save from £500 up to the annual cash ISA limit.  You can open the account with a zero balance if you are transferring in existing cash ISAs with a balance of at least £500. 
  • Deposits for 2014/2015 tax year can be made up to and including 31 August 2014, allowing payments up to the new £15,000 ISA limit from 1 July 2014. No subsequent additional deposits allowed.
  • Access to funds will be allowed on account closure only subject to an early closure charge equivalent to 120 days' interest. Partial withdrawals are not allowed.
  • Existing fixed rate ISAs are eligible to upgrade within 28 days of maturity. If your cash ISA is due to mature we will have recently sent you a letter confirming the maturity date. Your product details and new interest rate will change with immediate effect following the ISA upgrade being processed. If you do not wish to upgrade your account now, please submit your request at a later date

Please note, you must hold either a 123 Current Account, 123 Credit Card or be a Santander Select customer to earn the higher rate of interest.

Transfer applications must be received within 14 days of opening if transferring in from an external ISA provider. Ensure funds are available to transfer.

Transfer applications must be received by 31 August 2014 if transferring in from a Santander cash ISA. Funds must be available to be transferred at point of request.

Important Information


Key Product Information

Account name

2 Year Fixed Rate ISA

Interest rates (AERs)

Fixed interest rate for 2 Years. View our current rates

When the fixed term ends (at maturity) this cash ISA will become an ISA Saver, with rates dependent on the account balance at the time. Current rates for ISA Saver are 0.50% AER tax free (variable) for balances of £1+, 1.00% AER tax free (variable) for balances of £10,000+ and 1.50% AER tax free (variable) for balances of £25,000+. ISA Saver rates effective from 21st April 2014.

Tax Status

Tax Free. The favourable tax treatment of ISAs may change in the future.

Conditions for bonus payment


Withdrawal arrangements

Partial withdrawals are not allowed. You can access the whole of your balance by closing the account or by transferring the cash ISA in full to another ISA. On early closure a charge equivalent to 120 days' interest will be applied to the account.

In the event of your death the account must be closed, but an early closure charge will not be applied.


Branch and telephone.

You will be able to view the account online. Please note, during the fixed term transactions are limited to full closure or transfer out.


Product is subject to availability. Rates are fixed for 2 years and effective from 11th April 2014.

How to apply

Remember to have your National Insurance Number to hand.

  •  If you already have a Santander cash ISA, you can keep your existing account number and sort code by upgrading your cash ISA.
  • If you don’t, or want a new account:
  • Apply online
  • It should take no more than 5 minutes.
  • Apply by phone
  • Call us on 0800 587 2764. Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.
  • Apply in branch
  • Find your nearest branch or call 0845 604 8039 to make an appointment. Remember you’ll need your National Insurance Number and bring some proof of your name and address

Other information

A reminder on ISA allowances

From 6 April 2014 until 30 June 2014 you can invest up to £11,880 in an ISA, of which up to £5,940 can be put into a cash ISA.

From 1 July 2014, the overall ISA subscription limit is increasing to £15,000, which can be paid into a cash ISA, a stocks and shares ISA or a combination of the two.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The tax free rate is the rate of interest payable where interest is exempt from income tax.

Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website or by contacting the FCA on 0800 111 6768. Santander UK plc is also licensed by the Financial Supervision Commission of the Isle of Man for its branch in the Isle of Man. Deposits held with the Isle of Man branch are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Isle of Man Depositors’ Compensation Scheme Regulations 2010. In the Isle of Man, Santander UK plc’s principal place of business is at 19/21 Prospect Hill, Douglas, Isle of Man, IM1 1ET. Santander and the flame logo are registered trademarks.

Rates and information correct as at 11th April 2014.