Changes to Santander isa effective mon 8th

ceredigion

no it is 2.5% variable. there is know bonus at all

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237851469036&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2

innovate

ceredigion wrote: »

haw can you be so sure it is a variable rate after all

We can't be sure. It's just what they have been doing historically. SO we can hope they will keep doing it. But no guarantees at all.

Alonso14

ceredigion wrote: »

no it is 2.5% variable. there is know bonus at all

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&c=Page&canal=CABBEYCOM&cid=1237851469036&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2

Moneysupermarket read it the same as me:
http://www.moneysupermarket.com/savings/search-all/?enquiryId=6444328

I agree that it is not promoted as a bonus, since Santander seem to deem a bonus as an additional rate eg. if Rory wins a major, but it does seem that it will operate in a similar way in which other banks operate bonuses. This is also supported by the anecdotal evidence of those speaking to people in branch who say the change will only be for new customers

innovate

Alonso14 wrote: »

This is also supported by the anecdotal evidence of those speaking to people in branch who say the change will only be for new customers

The only thing that counts are the written T&Cs.

brandydog

just opened cash isa with santander do not have internet banking with them i filled form out then recieved email back saying my account was open so phoned them and asked them to transfer out of my savings account into new isa and all is ok reason for doing so is isa rates dropping tommorow i got 2.80 % two years

evenasus

MoneySavingUser wrote: »

My mother's current Santander ISA doesn't expire until the 15th May - can she open this one now and ask them to wait until then to transfer the funds?

If you are talking about the Santander 2.8% 2 year fixed.

She could open one today and fund it with £1 or however much she wanted - up to the limit of course.
Then she would have until the 30th May to transfer her matured ISA into it.

Deposits for 2012/13 tax year can be made up to and including 5 April 2013 and deposits for 2013/14 tax year can be made up to and including 30 May 2013.
No subsequent additional deposits allowed.

Stroppypops

Just checked and the rate has indeed dropped. Good info OP!

the_goon

Where on the site can you find out what the interest rate on your specific account is?

I can't find any mention of "Direct ISA Saver (Issue 1)" on the site, which is what I transferred to with the 2.5% rate.

"Issue 2" is listed, which is the 2% rate.

Online banking on mentions that my account is "Direct ISA Saver". No mention of any issue number.

saintalan

This may help for accounts no longer available. I struggle with it on my current Flexible ISA Issue 3 which they have renamed ISA SAVER.

Nednats

the_goon wrote: »

Where on the site can you find out what the interest rate on your specific account is?

I can't find any mention of "Direct ISA Saver (Issue 1)" on the site, which is what I transferred to with the 2.5% rate.

"Issue 2" is listed, which is the 2% rate.

Online banking on mentions that my account is "Direct ISA Saver". No mention of any issue number.

Also got an Issue 1 ISA and can't find details online.
Want to confirm the rate has drop before I transfer it again.