Santander Loyalty Flexible ISA to be withdrawn 30 April

Santander is urging savers to act now so they don't miss out as Loyalty Flexible ISA will be withdrawn after 2 May.  However, with Monday 2 May being a bank holiday, customers have until Saturday 30 April to apply via their local branch or over the phone.  

Loyalty Flexible ISA Issue 1 rewards loyal customers with a guarantee to pay at least 3.00 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 3.50 per cent for the first 12 month period.  In addition, the account allows penalty free access to their money. So, savers have the peace of mind of a minimum guaranteed tax free rate that can only go up and the added flexibility of an easy access account.  The Loyalty Flexible ISA is available to customers who have their main current account, mortgage or investment with Santander or who switch their main current account to Santander using the Account Transfer Service.  

Flexible ISA Issue 3 will continue to be available.  It currently guarantees to pay at least 2.80 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 3.30 per cent for the first 12 month period.  The account allows penalty free access for withdrawals alongside a competitive return designed to encourage more people to save tax-free. 

Both accounts are available for new ISA subscriptions and do not allow any transfers in of existing ISA money.

For any ISA saver looking to secure a good return on their existing ISA money Santander currently also offers highly competitive Fixed Rate Postal ISAs paying up to 3.70 per cent from a minimum of £500; these are available for new subscriptions and ISA transfers.

Flexible ISA is available in Santander branches, online at santander.co.uk.  Loyalty Flexible ISA and Fixed Rate Postal ISA are available in branch or by telephone and customers can visit the Santander website for more information.