• Santander has launched a limited edition best buy online eSaver paying 2.75% AER 
  • The bank’s Cash ISA range has also been increased with rates of up to 4.20%  
  • Customers transferring an ISA into one of Santander’s Fixed Rate ISAs can also secure a £50 retail voucher 

Santander has today launched a ‘top of market’ online easy access savings product, eSaver Limited Edition, paying 2.75% AER/gross (variable) on savings up to £250,000. The eSaver offers customers instant, penalty-free access to their cash and can be opened for just £1. This best buy offer is available until 1 November 2022. 
Santander has also launched a range of Cash ISA products offering some of the best rates in the market, including top of market one year, 18 month and two year Fixed Rate ISAs paying 3.70% / 4.00% / 4.20% AER respectively. Customers wanting instant, penalty-free access to their savings can open a new online eISA paying 2.00% AER.  
The new rates are as follows:  
Easy Access products (1) 
•    eSaver – 2.75% AER/gross (variable) for 12 months (available until 1 November 2022) (2) 
o    Interest paid on balances up to £250,000 
Cash ISA products(3)    
•    Easy Access ISA (eISA)(3)2.00% AER/tax-free (variable) from 1.85% 
•    1 Year Fixed Rate ISA - 3.70% AER/ tax-free (fixed)    
•    18 Month Fixed Rate ISA – 4.00% AER/ tax-free (fixed)  
•    2 Year Fixed Rate ISA – 4.20% AER/ tax-free (fixed)  
Hetal Parmar, Head of Banking and Savings at Santander UK, said: “We are delighted to boost returns on savings with best buy rates across a range of accounts that fit with different savings goals.  Savers can choose the flexibility of easy access savings as well as guaranteed rates on tax-free ISAs, all with the peace of mind that their money is earning a great return.”  
New and existing customers who transfer an ISA(4) of at least £10,000 from another provider into a Santander Fixed Rate ISA(5) will benefit from a £50 retail voucher, which can be spent at over 100 retailers, including restaurants, supermarkets, clothes stores, and subscription services.  A full list of retailers can be found here
According to HMRC figures the average ISA pot in the UK is £21,996(6), meaning transferring a two year Fixed Rate ISA product would see annual returns of £923.83, plus the £50 voucher welcome bonus.  
Santander offers other competitive saving rates, including 2.75% on the Regular eSaver and 3.00% on 1I2I3 Mini Current Account for children and young adults. 

 - Ends – 

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions. 

Editor’s notes: 
1)    More information on the eSaver can be found here: eSaver | Instant Access To Savings Online | Santander UK  
2)    Product may be withdrawn earlier if high demand. 
3)    Rates may be withdrawn at any time. More information on the Easy Access and Fixed Rate ISA range can be found here: ISAs | Compare & Apply For An ISA Online | Santander UK   
4)    Customers will receive their voucher code automatically by email within 30 days of the completed transfer. The £50 voucher is subject to availability and may be withdrawn at any time 
5)    Santander is part of the industry ISA transfer scheme and has dedicated teams in place to process customers’ ISA transfer requests, making it quick and easy for customers to transfer an ISA from another provider to Santander. More information on how to transfer ISAs can be found here: How To Transfer Your ISA | Help & Support | Santander UK  
6)    HMRC - Annual Savings Statistics, June 2022