Santander 1year fixed cash Isa is now 3.00% plus transfer in more than £10.000 and get £50 e voucher 13 September 2022 at 4:44PM in ISAs & tax-free savings 21 replies 2.1K views

peter1xxx

I think this is a turning point and looks very attractive.

Aidanmc

So its necessary to transfer total balance of ISA to qualify for the e voucher?

Maybe its possible to do a partial transfer to the Santander e Isa then when thats complete, transfer the full remaining Isa balance10k+ to the fixed rate one? Would that work?

Can i even have a fixed rate and easy access ISA with Santander at same time? All funds in ISA are from previous years

nomorekids

Can someone tell me if it's possible with Santander to transfer an ISA that isnt maturing until next month actioned on the maturity date?  The ISA transfer form does not give the option to wait until the old ISA's matures or to transfer immediately?

Hoping someone will know the answer so I qualify for the extra £50 bonus e voucher

Aidanmc

nomorekids said:

Can someone tell me if it's possible with Santander to transfer an ISA that isnt maturing until next month actioned on the maturity date?  The ISA transfer form does not give the option to wait until the old ISA's matures or to transfer immediately?

Hoping someone will know the answer so I qualify for the extra £50 bonus e voucher

You can transfer in existing ISAs held with external ISA providers, applications must be received within 14 days of account opening and the funds in the ISA which you are transferring from must be available to be transferred within 30 days of account opening.

If you existing Isa matures within 30 days of opening the Santander ISA it should be ok,

flow2

I have money in a NSI cash isa, I have had it for quite a few years, but I haven’t added any money, during this tax year…I have APROX £100k in - would it be possible, to transfer half of it, into Santander on their 2 year fixed rate and put the other half, with someone else.
or do I have to transfer, yearly amounts ?
also, if I transfer half my money Now, does that count, as this years £20,000 or can I still use that allowance elsewhere, or with them ?

Aidanmc

flow2 said:

I have money in a NSI cash isa, I have had it for quite a few years, but I haven’t added any money, during this tax year…I have APROX £100k in - would it be possible, to transfer half of it, into Santander on their 2 year fixed rate and put the other half, with someone else.
or do I have to transfer, yearly amounts ?
also, if I transfer half my money Now, does that count, as this years £20,000 or can I still use that allowance elsewhere, or with them ?

You can part transfer to the Santander fixed Isa, but you won't qualify for the £50 e voucher offer.

Transfers from previous years have no impact on this tax years allowance

Hammer_Time

If you have 2 isa which both have over £10000 in them, can you transfer both and get the e voucher or is it only one of them.

Aidanmc

Hammer_Time said:

If you have 2 isa which both have over £10000 in them, can you transfer both and get the e voucher or is it only one of them.

from terms and conditions, hard to say for sure.

3.4 If you complete a full ISA transfer with a balance of below £10,000 from an Old Account into a Qualifying Account, this will not be eligible for a Voucher Payment. If you make more than one ISA transfer from an Old Account(s) into a Qualifying Account with a cumulative balance of £10,000 or more, this will not be eligible for a Voucher Payment. If you transfer part of the balance you hold in an Old Account which is £10,000 or more into a Qualifying Account, this will not be eligible for a Voucher Payment. Only single full ISA Transfers In with a balance of £10,000 or more into a Qualifying Account will receive a Voucher Payment

Hammer_Time

I will phone them tomorrow to clarify this.

Daliah

Aidanmc said:

flow2 said:

I have money in a NSI cash isa, I have had it for quite a few years, but I haven’t added any money, during this tax year…I have APROX £100k in - would it be possible, to transfer half of it, into Santander on their 2 year fixed rate and put the other half, with someone else.
or do I have to transfer, yearly amounts ?
also, if I transfer half my money Now, does that count, as this years £20,000 or can I still use that allowance elsewhere, or with them ?

You can part transfer to the Santander fixed Isa, but you won't qualify for the £50 e voucher offer.

Transfers from previous years have no impact on this tax years allowance

Transfer half of the ISA to a different provider / different ISA first. Then transfer the remainder to Santander. That way you qualify for the e-voucher.

Aidanmc

If i done a part transfer which includes this years money to a Santander easy access isa, when this completes

then open a Santander fixed rate and transfer the remaining balance 10k+ to the fixed rate

This should still qualify for the voucher?