Their two-year Fixed Rate ISA has a “top of the market” interest rate of 4.20 percent AER, helping people earn more for their money. As well as this, Britons can benefit from 2.75 percent on their eSaver Limited Edition account.
This issue is available until November 1 2022 unless it’s sold out sooner.
Additionally, Santander has also launched a new wave of Cash ISA products.
These include the one-year Fixed Rate ISA which pays a rate of 3.70 percent and the 18-month equivalent which pays savers four percent.
Their two-year fixed rate pays 4.20 percent AER.
New and existing customers who transfer an ISA 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.
More information can be found on their website.
To open a Fixed rate ISA account, people need a minimum of £500.
To withdraw money from this account, people need to close it. There’s a penalty equivalent to 120 days’ interest if someone closes the account early.
Mr Parmar explained: “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.”
As well as Santander, Coventry Building Society has also launched three market-leading fixed bonds available to new and existing members paying up to 4.85 percent.
For those looking for fixed-rate savings deals, Coventry Building Society has launched a 4.4 percent rate fixed until 31 December 2023, a 4.7 percent deal fixed until December 31 2024, and a top overall rate of 4.85 percent deal fixed until December 31, 2025.
All three can be opened with a minimum of £1 online, by phone, post or in branch. Savers can then deposit up to £250,000 and choose a term length that best suits them.