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

Daliah

Aidanmc said:

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?

I would think so.

howryoo

Seems a decent offer with the £50 eVoucher, but it seems funds need to be deposited by 1st October?

If I had an ISA with an external provider maturing 26th September, how best is it for me to approach this if I wanted to part transfer in?  I'm thinking of reinvesting a small amount with the current provider, with the larger balance transferred over.

For my maturity options with the existing provider, I guess I could assign the small amount under a 1 year fixed term, with the rest (and maybe interest) allocated against their easy access account?

I'd then apply with Santander on say 27th / 28th (as I'll then know what my easy access details would be) to transfer in the larger balance from my new easy access account?  Would this work and what - if any - implications would there be in respect of timings?

drob4

howryoo said:

Seems a decent offer with the £50 eVoucher, but it seems funds need to be deposited by 1st October?

If I had an ISA with an external provider maturing 26th September, how best is it for me to approach this if I wanted to part transfer in?  I'm thinking of reinvesting a small amount with the current provider, with the larger balance transferred over.

For my maturity options with the existing provider, I guess I could assign the small amount under a 1 year fixed term, with the rest (and maybe interest) allocated against their easy access account?

I'd then apply with Santander on say 27th / 28th (as I'll then know what my easy access details would be) to transfer in the larger balance from my new easy access account?  Would this work and what - if any - implications would there be in respect of timings?

This is from the terms:

To qualify for the ISA Transfer Offer and the Voucher Payment the following eligibility criteria apply:

2.1 You need to have provided us with an instruction to transfer in the full balance you hold in an existing cash or stocks and shares ISA held with an ISA manager that is not us or Santander ISA Managers Limited (‘Old Account’), with a balance of £10,000 or more to a new Santander UK plc

1 Year, 18 Month or 2 Year Fixed Rate ISA (‘Qualifying Account’) using the ISA Transfer Service (either in-scheme via Pay UK or out-of-scheme paper based service). The transfer in instruction must be provided on or after 13 September 2022 and before the ISA Transfer Offer is withdrawn, see condition 4.3 below. 

According to the above, as long as the instruction is received before the offer closed, you’re good. Unless I’m missing something?

Hammer_Time

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.

I phoned Santander and they stated that as long as one of the ISA is £10000.00 (full Balance) you still get the e voucher. They also said you can add to it and it don't stop you from getting the e voucher. 

uk1

What seems to me to be an optimum way into the Santander 1 yr Fixed.  I opened a Virgin Easy Access Flexi ISA2 last night with £20k.    Today I’ve opened the Santander 1yr Fixed ISA and completed the online transfer form.  I’m hoping this will trigger the £50 voucher and transfer smoothly.  I’m hoping to repeat this to open a wife’s account. 

Seems great value for 12 months.

Frogletina

Hammer_Time said:

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.

I phoned Santander and they stated that as long as one of the ISA is £10000.00 (full Balance) you still get the e voucher. They also said you can add to it and it don't stop you from getting the e voucher. 

Thank you

I was on line for over 30 minutes trying to clarify this when I saw your post.

Frogletina

Re: switch from Nationwide ISA to Santander ISA

I was having problems trying to set up the transfer from Nationwide. It wouldn't accept my roll number, which is shown on my ISA as an account number. However, I found on line the correct account number and sort code which is identical for all Isa transfers out of Nationwide, 07-00-93 33333334 and I also had to remove the / from the roll number.

Knowing that several people have talked about moving from Nationwide I have included the details which I hope will help others

Frogletina

nomorekids said:

Can someone tell me if it's possible with Santander to transfer an ISA that isn't 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

I've just completed the transfer form which did give me the option to wait until the ISA maturity. 

Frogletina

uk1 said:

Frogletina said:

nomorekids said:

Can someone tell me if it's possible with Santander to transfer an ISA that isn't 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

I've just completed the transfer form which did give me the option to wait until the ISA maturity. 

Are you correctly or incorrectly presuming that waiting for the maturity will still generate the voucher? The ISA transfer form and process seems to be a general one and not specifically intended for the restrictions of this offer. 

For example, the option also allows you to not completely  close and send the original ISA - and we do know that to qualify for the voucher on this particular opening offer you need to source a whole ISA balance above £10k. So it does permit you to do things that will result in you receiving the interest rate but not the voucher. 

I made no presumption either way. I was merely stating that there was an option on the form to wait until the maturity date, as that was what I had done when filling my own in. I should have added it also allowed you to state immediately, as they asked about both options which made me think they hadn't got as far as opening the account and/or checking the transfer form properly.

However, to get the voucher, it does depend when 'nomorekids' opens the account. If they have already opened the account they would need to state on the form to transfer immediately. If they had not opened it then he could wait and apply within 14 days of the maturity date at which point they could request to wait until maturity.

uk1

Frogletina said:

uk1 said:

Frogletina said:

nomorekids said:

Can someone tell me if it's possible with Santander to transfer an ISA that isn't 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

I've just completed the transfer form which did give me the option to wait until the ISA maturity. 

Are you correctly or incorrectly presuming that waiting for the maturity will still generate the voucher? The ISA transfer form and process seems to be a general one and not specifically intended for the restrictions of this offer. 

For example, the option also allows you to not completely  close and send the original ISA - and we do know that to qualify for the voucher on this particular opening offer you need to source a whole ISA balance above £10k. So it does permit you to do things that will result in you receiving the interest rate but not the voucher. 

I made no presumption either way. I was merely stating that there was an option on the form to wait until the maturity date, as that was what I had done when filling my own in. I should have added it also allowed you to state immediately, as they asked about both options which made me think they hadn't got as far as opening the account and/or checking the transfer form properly.

However, to get the voucher, it does depend when 'nomorekids' opens the account. If they have already opened the account they would need to state on the form to transfer immediately. If they had not opened it then he could wait and apply within 14 days of the maturity date at which point they could request to wait until maturity.

No problem.  I was taking the trouble because I wanted to help.  I’ve deleted the post.