Santander UK has today (23 August 2022) increased the rate on its fixed rate cash ISAs and online easy access cash ISA, giving consumers some of the best returns in the market on their tax-free savings.  

The new rates, available from today for existing and new customers, are:
1 Year Fixed Rate ISA – 2.30% AER/ tax-free (fixed) (up from 1.50% AER/ tax-free) 
18 Month Fixed Rate ISA – 2.50% AER/ tax-free (fixed) (up from 1.70% AER/ tax-free)
2 Year Fixed Rate ISA – 2.80% AER/ tax-free (fixed) (up from 2.00% AER/ tax-free)
Easy access eISA – 1.50% AER/tax-free (variable) for 12 months (up from 0.70% AER/tax-free)

Santander is part of the ISA transfer service, making it quick and easy for people to transfer their existing Cash ISA from other providers to Santander without losing the tax-free ‘wrapper’ on it.1

Hetal Parmar, Head of Banking and Savings at Santander UK, said: “We understand saving for the future is important for many people and our increased cash ISA rates will make customers’ money work harder, helping with their savings goals. We make it simple to transfer an existing cash ISA to Santander in a way that keeps it tax-free.”   

The full range and details of Santander UK’s Cash ISA accounts can be found online.

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Editor’s notes:
1)    More information on how to transfer ISAs can be found here: How To Transfer Your ISA | Help & Support | Santander UK