Cash ISAs: The Best Currently Available List

Kazza242

Santander will be launching the following Cash ISAs on Monday 11 March 2013:

- Santander Direct ISA Saver, an easy access ISA paying 2.50% on balances of £2,500 and above. Early details, indicate that the rate is available for the first 12 months.

- Santander Major ISA, a two year fixed rate ISA paying 2.80% with savers getting an extra 0.1% if Rory McIlroy, wins an eligible golf major championship in the next two years.

- They will also be launching a version paying the higher rate of 3.00%, plus the possibility of an extra 0.1%. It will only be available to holders of the Santander 123 current account or 123 cashback credit card.

All three Isas accept new money and transfers in of existing Isa cash, including existing Santander Isas.

All three ISAs have been added to the first post.

KTF

Now I need to choose whether to transfer to the Nationwide @ 4.25% until October or the 123 'exclusive' one for 3% @ (presumably) 2 years.

dutchism1958

thanks for this Kazza,will be keeping my appt next wednesday for the 123 account and the 3% ISA,thanks for the heads up!
Gary

innovate

The Guardian article that "announced" the Santander ISAs this morning has been pulled. I reckon it would be a good idea to make decisions based on Santander's own announcement (Monday?) rather than based on hearsay.

Alex92_2

innovate wrote: »

The Guardian article that "announced" the Santander ISAs this morning has been pulled. I reckon it would be a good idea to make decisions based on Santander's own announcement (Monday?) rather than based on hearsay.

It has been "embargoed". If you embargo a news story using a content management system (CMS), it simply means it will automatically go "live" after Xtime on X date.

I believe what has happened here, is that the article was written a week or so ago, it was initially embargoed for 8th March (when Santander initially wanted it out for), then someone at The Guardian, never got around to, or forgot, to change the embargo date to the 11th March 2013. It now says "Embargoed news story, error" according to the link off their twitter page. I am 99% sure that it will be the exact same article released, but on the 11th March instead of the 8th.

Someone will be in BIG trouble there for releasing the rates before the bank has officially said so. Would be a sackable offence at my company.

Kazza242

Alex92 wrote: »

It has been "embargoed". If you embargo a news story using a content management system (CMS), it simply means it will automatically go "live" after Xtime on X date.

I believe what has happened here, is that the article was written a week or so ago, it was initially embargoed for 8th March (when Santander initially wanted it out for), then someone at The Guardian, never got around to, or forgot, to change the embargo date to the 11th March 2013. It now says "Embargoed news story, error" according to the link off their twitter page. I am 99% sure that it will be the exact same article released, but on the 11th March instead of the 8th.

Someone will be in BIG trouble there for releasing the rates before the bank has officially said so. Would be a sackable offence at my company.

Yes, Santander were originally going to launch their range of ISAs from today 08/03/2013. However, they found out that one of their major competitors was going to launch their range of ISAs today too, so Santander decided to delay their own announcement until Monday (11/03/2013).

innovate wrote: »

The Guardian article that "announced" the Santander ISAs this morning has been pulled. I reckon it would be a good idea to make decisions based on Santander's own announcement (Monday?) rather than based on hearsay.

Someone at the Guardian has 'let the cat out of the bag' and released the info before the date it was officially meant to be made public. Of course, they could decide to further delay the launch date, increase/decrease the rates on offer etc. Though, I think it is helpful to post details on what is likely to be available (based on info from Moneyfacts and the media). If anything to give someone (who might be about to request a transfer to another provider) a heads up so they can delay their plans and see what materialises.

Stompa

Kazza242 wrote: »

However, they found out that one of their major competitors was going to launch their range of ISAs today.....

Do we know which major competitor?

Alex92_2

Stompa wrote: »

Do we know which major competitor?

That's what I was thinking. Hopefully said competitor has seen the rates or been made aware of Santanders rates and decided to up theirs :beer: One can hope anyway..

Kazza242

Stompa wrote: »

Do we know which major competitor?

No, we don't know at this time.

The_Enforcer

Alex92 wrote: »

Hopefully said competitor has seen the rates or been made aware of Santanders rates and decided to up theirs :beer:.

Probably to 2.51%, 2.81% and 3.01%.