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2 Year Fixed Rate ISA

Account name 2 Year Fixed Rate ISA 2 Year Fixed Rate ISA for 1|2|3 World or Santander Select customers
AER/Tax-free (Fixed)   0.75%  1.00%

Guarantee your interest rate when you save your money in a Fixed Rate ISA.

To apply for a 2 Year Fixed Rate ISA you must be a UK resident, aged 16 or over.

You can save from £500 up to your annual ISA allowance. You can open the account with a zero balance if you are transferring in existing ISAs with a balance of at least £500.

You manage the account using branch, online, mobile or telephone banking. Please note, after the final funding date, transactions are limited to full closure or transfer out during the fixed term.

On early closure, a penalty equivalent to 120 days' interest applies. No partial withdrawals are allowed.

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

1|2|3 World and Santander Select customers will automatically benefit from a higher interest rate on their 2 Year Fixed Rate ISA, as shown in the table above.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or maintain £75,000 in any Santander investment(s), savings or current account, or have a property worth at least £500,000 with a Santander mortgage.
Find out more about Santander Select

 

Please read the full product details and terms & conditions before applying. Other
accounts are available; see our ISA range to find out more

 

 

Your interest is calculated daily and paid into your account annually on 1 October.

Santander are not offering additional flexibility on ISAs but some providers are offering this feature. Take a look at our information pages to learn more.

Deposits for the 2016/2017 tax year can be made up to and including 31 October 2016. No subsequent additional deposits allowed.

Please be aware that if you make deposits for the 2016/2017 tax year which are less than the full ISA allowance of £15,240 for that tax year, you won’t be able to pay into another cash ISA in the same tax year to use the remaining allowance.

For the 2016/2017 tax year you can subscribe the remaining allowance in a stocks and shares or an innovative finance ISA. You can only subscribe to one cash ISA, one stocks and shares ISA, one innovative finance ISA or any combination of the three in the 2016/2017 tax year.

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 provider by contacting them directly. On early closure a charge equivalent to 120 days' interest will be applied to the account. If your cash ISA has to be closed because of your death, there is no charge.

You can transfer in balances from existing ISAs you hold with external ISA providers on the condition that the ISA transfer in application is received within 14 days of account opening.

If transferring in an external cash ISA, a stocks and shares ISA or an innovative finance ISA, the funds in the ISA which you are transferring from must be available to be transferred within 30 days of account opening.

14-day cancellation period applies. If you transfer in funds from your existing ISA and subsequently cancel the account, your existing ISA provider may not accept the return of the ISA funds. In this case you can either continue to save with us or transfer your cash ISA in full to another ISA provider. You will need to contact your new ISA provider to arrange the transfer. If you don't exercise your right to cancel, your 2 Year Fixed Rate ISA will continue; if you close the account within the first two years a charge equivalent to 120 days' interest will be applied to the account.

At maturity this product reverts to an ISA Saver

The interest rate of an ISA Saver depends on your balance. 

  Interest rates up to and including 31 October 2016 Interest rates from 1 November 2016

Balance

AER Tax-free (variable) AER Tax-free (variable)
£1 - £9,999  0.25%  0.10%
£10,000+  0.75%  0.50%

ISA Saver rates effective from 18 August 2016.

Whilst interest is currently paid tax-free on cash ISAs, you should be aware that the favourable tax treatment of ISAs may change in the future.

The 2 Year Fixed Rate ISA is subject to availability. Rates are fixed and are correct as at 2 September 2016.

Deposits
You can make deposits into your 2 Year Fixed Rate ISA up until 31 October by:

One-off payments - cash/cheque or from another bank or building society
Online transfers - from another Santander account

No additional deposits are allowed after 31 October.

Transferring an ISA from another provider

To transfer in a cash ISA from an external ISA provider, a stocks and shares ISA or an innovative finance ISA, please complete one of the forms below. The cash ISA transfer form can be completed and submitted online. If you're transferring in to a Fixed rate ISA with us, we need to receive your transfer application within 14 days of account opening.

Please consider the following before deciding to transfer your ISA to us:
We don't charge a transfer fee but other providers may. You can transfer some or all of the money that you have paid into cash and/or stocks and shares ISAs in previous tax years. If you wish to transfer money that you have paid into a cash, stocks and shares and/or innovative finance ISA in the current tax year, you will need to transfer all of the amount that you have paid into the ISA in the current tax year. Any money that you withdraw yourself from your ISA will lose its tax-free status and if repaid back into an ISA will count towards the current tax year's ISA allowance. Santander isn't providing advice as to whether transferring your ISA(s) is right for you.

If you transfer an ISA in full to Santander and have built up previous tax year flexible allowances with your current provider, you will lose that allowance when you move to Santander. If you wish to use the flexible allowance you should re-deposit into your existing ISA before you transfer to Santander.

Cash ISA Transfer Form

Stocks and Shares ISA Transfer Form (pdf)

Innovative Finance ISA Transfer Form (pdf)

Transferring an existing cash ISA held with Santander

If you hold more than one Santander cash ISA, using the Santander Cash ISA Transfer Form below, you can simply combine any balances into a single cash ISA. To transfer in to a new Fixed Rate ISA, we need to receive your transfer application by 31 October 2016.

Santander Cash ISA Transfer Form (pdf) 

Once you have completed the relevant ISA transfer form, please send to the following address:

Any funds withdrawn from your cash ISA without using the above processes will be considered a withdrawal and will lose their tax free status.  If you replace these funds back into an ISA they will count towards your current tax year ISA limit.

ISA Customer Services
PO Box 1112,
9 Nelson Street
Bradford, BD1 9NR

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You choose how you bank with us.

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Secure, 24/7 banking. Make payments, view statements and much more. For more information find out more.

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Bank from anywhere using our apps or by using m.santander.co.uk. For more information find out more.

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24/7 banking by phone. Speak to an advisor during the day and in the evenings or use our automated service any time of day. Call us on 0800 9 123 123.

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You can visit our extensive branch network to speak to us.

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You don’t have to wait for your statement to arrive or to log on to find out something has happened on your account anymore. When you set up account alerts we send you a text, email or both when it happens, for example if your balance goes above or below a certain amount. Learn how to set up alerts

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Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader 

Please read full product details and terms & conditions before applying.

You can apply for the 2 Year Fixed Rate ISA if you:

  • are at least 16 years of age

  • are a UK resident

To get a higher rate of interest on your 2 Year Fixed Rate ISA you must also be a 1|2|3 World or Santander Select customer.

A Santander 1|2|3 World customer is someone who holds one of our 1|2|3 current accounts, 1|2|3 Credit Card (including additional card holders) or the 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. All customers must meet the eligibility for each product and 1|2|3 World offer. Find out more about 1|2|3 World

To join Santander Select you must have a current account with Santander and meet one of the following criteria: pay your main income of at least £5,000 per month into a Santander current account (excluding transfers from other Santander accounts), or maintain £75,000 in any Santander investment(s), savings or current account, or have a property worth at least £500,000 with a Santander mortgage.
Find out more about Santander Select.

You will need your National Insurance number to apply

If you already have a Santander cash ISA, you can keep your existing account number and sort code by upgrading your cash ISA

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 

2 Year Fixed Rate ISA 2 Year Fixed Rate ISA for 1|2|3 World or Santander Select customers

Apply now for the 2 Year Fixed Rate ISA. Link opens in a new window

Apply now for the 2 Year Fixed Rate ISA for 1 2 3 World or Santander Select customers. Link opens in a new window

Upgrade to the 2 Year Fixed Rate ISA. Link opens in a new window

Upgrade to the 2 Year Fixed Rate ISA for 1 2 3 World or Santander Select customers. Link opens in a new window

Apply by phone
Call us on 0800 032 4264. Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.

Apply in branch
Find your nearest branch or call 0800 085 1553 to make an appointment. Lines are open 8am to 9pm Monday-Friday and 8am to 4pm Saturday.

Rates and information correct as at 2 September 2016.

Frequently asked questions

  • If it's a Cash ISA you want to transfer from another provider, simply complete and submit the Cash ISA transfer form. Alternatively, you can visit your local Santander branch. Some of our ISAs may not allow transfers in so please check the terms and conditions.

     

    Once we've received the completed form from you, we'll need to contact your existing provider, so please allow up to 15 days for a Cash ISA transfer to take place, starting from when we have received the transfer form. 

     

    To transfer your Santander Cash ISA to another provider, you will need to contact your new ISA provider.

     

    If you hold more than one Santander cash ISA, you can use the Santander Cash ISA Transfer Form (pdf), to combine any balances into a single cash ISA. If you are transferring in to a Fixed rate ISA with us, we need to receive your transfer application within 14 days of account opening.

  • To find your savings interest rate you can use our Interest Rate Finder.

    If you hold a Fast Access, SIPP Fast Access, Special Reserve, Cash ISA (TOISA), Retirement Investment Account (ANRIA), Santander Shareholder Account, Treasurers Instant Saver or Charity Investment Account, details of your interest rates can be found here.

  • All our ISAs allow access to your money but there may be restrictions or charges that vary depending on which ISA it is that you hold.
    Be aware that if you take money out, and you wish to put it back later, this will count against your annual ISA allowance for that tax year. This means that if you have already used up your annual ISA allowance, any money you take out cannot then be put back in during the same tax year.

     

    From 6 April 2016 Santander cash ISAs will continue to work as they do today, we will not be offering additional flexibility but some providers will be changing the way in which their ISAs work. Take a look at our information pages to learn more.

  • Can't find what you are looking for? More help can be found at on the ISA FAQs page.

AER explained
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.

Tax Free explained
The tax free rate is the rate of interest payable where interest is exempt from income tax.

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