Sanatander 3.3% Easy Access ISA coming Monday

MoneySaverLog

ses6jwg wrote: »

no the opposite an easter egg

or a 0.1% bonus depending on a sporting event outcome?

Nine_Lives

I'd be disappointed if 3.3% was the best instant access going this year, especially as it's only 0.1% better than what can be had now (3.2% with Halifax for old money is what i'm getting).

Last year Santander offered up 3.5% which was the best for instant access. So i snapped that up.

Barclays were the best the year before that IIRC, but can't quite remember what the rate was.

Still, i'd be disappointed with 3.3%.

Siobhan789

Pineapple1989 wrote: »

Does anyone know if this would be for current Santander customers only?

Available to all customers

ses6jwg

K_P83 wrote: »

I'd be disappointed if 3.3% was the best instant access going this year, especially as it's only 0.1% better than what can be had now (3.2% with Halifax for old money is what i'm getting).

Last year Santander offered up 3.5% which was the best for instant access. So i snapped that up.

Barclays were the best the year before that IIRC, but can't quite remember what the rate was.

Still, i'd be disappointed with 3.3%.

but that 3.5% was only on 5340 not on transfers in

Nine_Lives

ses6jwg wrote: »

but that 3.5% was only on 5340 not on transfers in

I know this.

From memory, they didn't allow transfers in, which must be why i left the "old money" where it is in Halifax @ 3.2% as at the time it was the best going (just like Santander was the best going at 3.5% for new money).

jen245

I can't see any mention of this ISA on the website, only the new fixed rate ones

10_66

jen245 wrote: »

I can't see any mention of this ISA on the website, only the new fixed rate ones

Scroll down THIS page.

SnowMan

Hydromancer wrote: »

Just a heads up that Santander are launching a new ISA range from this Monday (5/3/12) with rates as follows:

Easy Access 3.3%
1 year fixed 3.5%
2 year fixed 4%

I kinda overheard their staff discussing it at the branch today

Nothing wrong with your hearing then :rotfl:

All 3 are top ISA rates, and they all accept ISA transfers also

3.3% easy access (vs next best around 3.16%)
3.5% 1 year fixed (vs next best around 3.3%)
4% or 4.05% 2 year fixed (vs next best around 3.7%)

So will be interesting to see what other savings institutions do to compete with these.

innovate

SnowMan wrote: »

4% or 4.1% 2 year fixed (vs next best around 3.7%)

It's not really correct to say it could be 4.1% because that would be comparing apples with pears.

The additional one-off bonus is not calculated as AER but as a tax free rate applied to the balance at maturity. The bonus is calculated on the balance including any interest you have had paid back into the ISA. It will exclude the final interest payment payable on 1 May 2014.

SnowMan

innovate wrote: »

It's not really correct to say it could be 4.1% because that would be comparing apples with pears.

Thanks I was just editing my post to say 4.05% as you corrected me (single 0.1% bonus on most of the cash over roughly 2 years so roughly 0.05% extra if Rory wins).

I saw he is quoted as 4/11 for not winning a major by 2013. So over just over 2 years of majors he might be roughly 50% chance to win one.

So rate is probably equivalent to ON AVERAGE about 4.02% AER by my calculations.