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Easy ISA

For the 2016/2017 tax year your Santander ISA must be opened by 9pm on 5 April 2017. If you want to use some or all of the 2016/2017 ISA allowance of £15,240 you need to pay in before midnight on 5 April 2017.

Summary Box

Account name Easy ISA 
What is the interest rate?
Tier
 
AER/tax-free (variable)
£1+ 0.10%
£40,000+ 0.25%

Interest is calculated daily and added to this account annually in March.

Can Santander change the interest rate? Yes, the rate can go up or down e.g. in response to industry and market conditions. If the rate goes down, we’ll let you know around 14 days before the rate changes.
What would the estimated balance be after 12 months based on a £1,000 and a £40,000 deposit?
Balance Interest earned  Balance after 12 months
£1,000  £1.00  £1,001.00
£40,000  £100.00  £40,100.00

Estimates assume that the account is opened and deposit made on 1st March and no change to interest rates.

These illustrations are only examples and don’t take into account individual circumstances.

How do I open and manage my account?

To open the account you must be:

  • a UK resident, account can only be held in single name; and
  • aged 16 or over.

Opening

  • Online and Mobile
  • Call on 0800 032 4264.
  • Visit any Santander branch.

ISA transfers
You can transfer ISAs in and out at any time.

Deposits
There is no minimum deposit required. The ISA allowance for the 2016/17 tax year is £15,240. For the 2017/18 tax year it is £20,000. Deposits for the 2016/2017 tax year can be made up to and including 5 April 2017. Deposits for the 2017/2018 tax year can be made from 6 April 2017.

Deposits can be made at any time via standing order, one-off payments or online transfers.

This Easy ISA is a cash ISA. Please be aware that if you make deposits for the 2016/2017 and/or 2017/2018 tax year which are less than the full ISA allowance 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 your ISA allowance into a cash ISA, a stocks and shares ISA and an innovative finance ISA or a combination of the three.

For the 2017/2018 tax year you can subscribe your ISA allowance into a cash ISA, a stocks and shares ISA, an innovative finance ISA and a lifetime ISA or a combination of the four. Santander do not offer innovative finance ISAs or lifetime ISAs.

For example, if you subscribe to this Easy ISA you won't also be able to subscribe to one of our other cash ISAs (including fixed rate ISAs, variable rate ISAs and Help to Buy: ISA) this tax year.

A tax year runs from 6th April in one year to 5th April the next.

This product doesn’t  accept additional permitted subscriptions.

Manage the account

  • Online and Mobile Banking, branch, telephone and cash machines.
  • A cash card can be requested or the account can be linked to an existing Santander card.
  • Statements are issued annually in March.
Can I withdraw money?

Yes, withdrawals can be made in Online and Mobile Banking, in branch, over the telephone and at any Santander cash machine.

Any money that you withdraw yourself from your Santander ISA will lose its tax-free status and if repaid back into an ISA, will count towards your current tax year’s ISA limit.

We aren’t offering additional flexibility on ISAs but some providers are offering this feature. Those providers may allow you to replace funds that you have withdrawn with them without affecting the ISA limit.

Additional information

You can cancel the account within 14 days of opening and your money will be returned in full with interest.

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

 

The Easy ISA is subject to availability. Rates and information correct as at 13 March 2017. 

 


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

 

Transferring an ISA from another provider
To transfer in an ISA from another provider please complete one of the forms below. The cash ISA transfer form can be completed and submitted online. If you’re transferring into a Fixed Rate ISA with us, we need to receive your transfer form 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 the money that you have paid into an ISA in previous tax years. If you wish to transfer money that you have paid into an ISA in the current tax year, you will need to transfer all of the amount 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 your current year's ISA allowance. Santander isn't providing advice as to whether transferring your ISA(s) is right for you. Transferring certain types of ISAs could affect the bonus you receive and you could be charged by your existing provider

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.  

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

Please be aware that the ISA manager for Santander cash ISAs is Santander UK plc. For stocks and shares ISAs the manager is Santander ISA Managers Limited. This means that transfers between Santander cash ISAs and Santander stocks and shares ISAs should be treated as transfers between ISA providers.

Your money, your way
You choose how you bank with us.

Online Banking
Secure, 24/7 banking. Make payments, view statements and much more. Watch our Online Banking videos to learn more.

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

You can see the interest rate on your cash ISA in the mobile app - just click on the account when you're in the app.

Watch our Mobile Banking videos to learn more

Telephone Banking
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.

Branch
You can visit our extensive branch network to speak to one of our advisors.

Cash machines
You can do more than just withdraw cash at our cash machines. For example, pay money or cheques in, pay bills and lots more.

Find out more
Online Banking
Mobile Banking
Telephone Banking
Account Alerts
Our video playlists

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 Easy ISA if you:

  • are aged 16 or over

  • are a UK resident

You'll need your National Insurance number to hand when you 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.

For the 2016/2017 tax year your Santander ISA must be opened by 9pm on 5 April 2017. If you want to use some or all of the 2016/2017 ISA allowance of £15,240 you need to pay in before midnight on 5 April 2017.

Apply online

Apply now for the Easy ISA. Link opens in a new window

Upgrade to the Easy ISA. 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 13 March 2017.

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.

     

    Santander ISAs don’t offer additional flexibility. 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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