Santander rewards loyalty with Flexible ISA Issue 2

Following a successful ISA campaign and record sales of its Flexible ISA issue 2, Santander and Alliance & Leicester can confirm that from today, Tuesday 4 May, the product will be retained on sale for those that have their main bank account with us or open a new account and switch through the switching service. 

This decision has been made in order to reward loyal customers, and enable savers to continue to access the market leading Flexible ISA issue 2 product, after the end of the ‘ISA season'.  Customers wishing to apply for this popular product can book an appointment at any one of our 1,300 strong branch network in order to apply.

Reza Attar-Zadeh, Director of Savings and Investments, said: "Flexible ISA has been a fantastic success throughout the ISA season, offering customers one of the best rates on the market for their Cash ISA subscription.  This latest offering cements our continued approach of rewarding loyalty and that the more business you do with us, the more we will offer you in return."

Since 1 January 2010, Santander has rewarded customer loyalty in the following ways:

Launched the Santander Zero Current Account - for customers with an Abbey or Santander Mortgage who have or open their primary­ current account with Santander;

Made all 4,300 Santander ATMs in Spain free to use for all of Santander UK's current account customers;

Waived the 3 per cent balance transfer fee on the Zero Credit Card for all existing customers with a mortgage, current account or investment product with Santander or Alliance & Leicester;

Waived booking fees on mortgages for primary current accountholders; and,
Extended the Zero Current Account availability to include all customers who have an investment product with Santander - meaning 2.5 million people are now eligible.

Flexible ISA issue 2 continues to offer one of the best rates on the market paying 3.20 per cent. The account will guarantee to pay at least 2.70 per cent above the Bank of England base rate for the first 12 months; and the rate will not fall below the minimum rate of 3.20 per cent for the first 12 month period. The account will continue to allow penalty free instant access on withdrawals, so savers have the peace of mind of a minimum guaranteed rate but with the flexibility of instant access. Available to new and existing customers for new ISA subscriptions only, the account is available on a minimum balance of just £1.

For any ISA saver looking to secure a good return on their existing ISA money, the Direct ISA is available to all savers, offering a preferential rate of 2.75 per cent variable for the first 12 months on balance of £9,000 plus or a 2.00 per cent variable on balances of £1, after which a variable, tiered rate will apply depending on the balance of the account.  What's more, customers can access their money at any time without notice or penalty.