Santander UK announces the launch of its new offer of up to £100 cashback on investments made into a Santander Stocks and Shares ISA between now and 16 June 2017. All new and existing customers can benefit from cashback of 0.5% (up to a maximum of £1001) on the total amount invested in a Santander Stocks and Shares ISA during the offer period.
For customers making their own investment decisions, they can invest into a Stocks and Shares ISA by applying online via our secure, efficient, straightforward platform – the Santander Investment Hub. The online service provides customers with a wide range of investment fund options from Santander Asset Management funds as well as around 1,300 funds from some of the world’s other leading fund managers to meet different needs as customers plan for the future.
With just £20 per month by Direct Debit, or a £100 lump sum, customers can access the investment platform via Santander.co.uk, which gives them a unique advantage of being able to view all of their holdings in one place – everything from their mortgage, their savings, their insurance and their current account. Customers also have the added benefit of consolidating their investments held with other providers onto the Investment Hub. This enables them to have a complete overview of their finances.
Alternatively, investments can be made through our Santander Financial Planning Service, with face-to-face advice from one of our Financial Planning Managers or Private Bankers.
Alan Mathewson, Managing Director, Wealth Management & Private Banking said: “In this low interest rate environment we want to make investing more accessible for our customers. For those taking a medium to long-term investment view, now is the time to start making use of their tax free allowance alongside other savings options that are available to them. Customers who are considering a Santander Stocks and Shares ISA for some of their savings pot, can benefit from our new competitive cashback aimed at helping them prosper and achieve their investment goals.”
The value of investments and any income from them can go down as well as up, and you may get back less than the full amount you invest. Stocks and Shares ISAs have their own eligibility criteria and subscription minimums and limits. Santander’s Financial Planning Service also has eligibility criteria.
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
1. We are offering 0.5% cashback for customers (new and existing) who invest into a Santander Stocks and Shares ISA during the offer period (4 March 2017 to 16 June 2017).
The 0.5% cashback will be paid on the total amount invested (either through Financial Planning in Branch or via the Investment Hub) in the Santander Stocks and Shares ISA during the offer period (subject to a maximum of £100).
To qualify for the maximum £100 cashback, a customer would need to deposit £20,000 during the offer period. This can be either from their ISA allowance in 2016/17 (£15,240) or 2017/18 (£20,000) tax year or a combination of both tax years.
Customers are eligible for one cashback amount only. This will take into account the total amount invested into Stocks and Shares ISA whether it’s an existing Stocks and Shares ISA or a new one with us or combination of the two. This includes lump sum and regular premium contributions.
Customers are eligible for the cashback offer in other situations including:
- ISA transfer-ins (from cash ISA, stocks and shares ISA or other types of ISA) where Santander accepts the transfer in of that type of ISA and the transfer is completed and money is received from the previous provider, during the offer period; or
- Re-registrations to the Santander Investments Hub from other platform providers. The cashback will be based on the value of assets being re-registered when the transfer completes prior to the offer period end date.
Customers are eligible for the cashback offer if they haven’t transferred out, withdrawn or cancelled before the cashback is paid on 31 July 2017.
The cashback to be paid on 31 July 2017 into:
- a Santander Investment Hub account;
- a Santander current account; or
- a Santander instant access savings account (non-ISA).
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2016, the bank serves around 14 million active customers with c20,000 employees and operates through 841 branches (which includes 60 university branches) and 67 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
About Us
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, headquartered in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. It is among the world’s top banks by market capitalization. The bank’s purpose is to help people and businesses prosper, in a way that is simple, personal and fair. Founded in 1857, Santander had EUR 1.52 trillion in managed funds, 125 million customers, 12,200 branches and 188,000 employees at the close of 2016. Santander made attributable profit of EUR 6,204 million in 2016, an increase of 4% compared to the previous year.
Media Enquiries
Leonora Burtenshaw Email: leonora.burtenshaw@santander.co.uk Tel: 0207 756 4543
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