Santander ISA sneaky rate changes

smrad

Santander offer an eISA which is currently at a rate of 2%. However until recently this was just 0.1%. They allow you to upgrade your ISA at any time to the latest issue with a fairly simple (although more complicated than it needs to be) online form.
Trouble is, the only place you can see where the rate goes up is the ISA comparison page on their website. This means that if you miss them putting the rate up, you miss out on the extra interest. If you have a fair bit saved, this interest can be quite a lot. 
Recently they seem to be putting the rate up every few weeks so you have to just keep visiting that page every day to not miss out.
Is there any other way of getting alerted when a rate changes? They are quick enough to cut your interest and tell you when the rate goes down!

refluxer

A lot of banks work this way and always have so it's always been a good idea to regularly review your finances and, in the current climate of rising interest rates, now so more than ever.

Not only do you have to keep an eye on your own provider's rates and new accounts but it also pays to look towards other options. An easy way to keep an eye on the best rates is on a comparison site like Savings Champion.

If you check your marketing preferences with Santander - there is an option which allows them to 'contact you about products, services and offers that may interest you' so you could try turning this on if it's off ? Make sure your email address is up to date. It's in their interest to keep you on older products with lower rates though, so I wouldn't rely on this to notify you of new issues of a particular account you hold !

smrad

I have just checked today following the BOE rate rise and santander have put their ISA rates DOWN. The 2% eisa is now 1.5%