Santander/Alliance & Leicester cash ISA

BaldacchinoR

The Santander website gives a 5.5% interest rate for their Super Flexible cash ISA - you have to go to a branch to get it as its not available online - compared with 3.2% in Martin's article on cash ISAs. :beer: :T

VT82

Wow, you have found an ISA that beats the next best by a whopping 2.3%, and all the professional journalists have missed it completely. You are a moneysaving superstar.

I haven't looked at the deal in detail, but there must almost certainly be no catches in taking out this ISA...

retiree

The rate is only available when you pay the same amount or more into a qualifying investment product.

adindas

If this is correct, the title is misleading, it shoud be Share/Investment ISA arather than Cash ISA.

ADINDAS

retiree wrote: »

The rate is only available when you pay the same amount or more into a qualifying investment product.

Kalahary

It's not an S&S ISA at all. It's a cash ISA, but you can only get one if you invest the same amount of money or more into a Santander investment.

ses6jwg

Yes same amount or more into an investment.

This can be either utilising your £5100 S&S ISA allowance or outside of the ISA wrapping.

Risks range from very low risk (capital guaranteed 3-5 years) to medium risk portfolio.

juicyjude

So its perhaps not straightforward and a pure cash ISA then if you have to put same amount or more into an investment! Hmmmm