Santander Fixed ISA

sammy_zammy

https://forums.moneysavingexpert.com/discussion/comment/81960912#Comment_81960912

Yes, of course. The posters above saying “new money” are saying “new money being deposited into the Santander ISA”, not “money that happens to have been contributed this tax year”.

Similarly, there’s nothing stopping you opening an easy access ISA, depositing £10k and immediately transferring to Santander.

kfsimpson

I can’t see anything in the Ts&Cs about receiving more than one bonus voucher for transferring in two different ISAs. I have already opened an account and am transferring in an ISA from First Direct. Can I open a second account with a different fixed term and transfer in another ISA from anther provider and receive a second voucher? Has anyone done this successfully?

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81960898#Comment_81960898

I have a vague memory of another poster saying once you transfer out of Moneybox, they will not accept you as a new customer again. You will need to check their T's& C's to be sure.

Ocelot

I didn't know about the voucher. I recently transferred a maturing ISA into a fixed rate Santander one. Does that mean I'm eligible for the £50?

oddcueball52

https://forums.moneysavingexpert.com/discussion/comment/81975575#Comment_81975575

The fourth bullet point of their General Terms.

Each eligible transfer could receive a voucher. For example, if you complete a transfer of £20,000 and second transfer for £40,000 to a different eligible Santander ISA, you could receive a £50 voucher and a £100 voucher.

I am waiting for the vouchers to appear.

https://forums.moneysavingexpert.com/discussion/comment/81975659#Comment_81975659

The details of the voucher is under this page.

How To Transfer Your ISA | Help & Support | Santander UK

clowning

When Santander ran the offer last year, I opened one and transferred 2 different ISA’s into It and received 2 vouchers. I didn’t need to open 2 separate Santander ISAs

Rich2808

Rules are simple - one voucher for every full transfer (no partial transfers allowed) for every £10k transfer.

You could make 10 £10k transfers and get 10x£50 vouchers in theory. Bigger transfers of £25k and above get a bigger voucher payout.

And it isn’t cumulative - it is per transfer. Unlike the HSBC offer which is cumulative.

Diaz09

Just be aware that while 4.5% sounds decent, you'll want to compare it against what you could get with regular savings bonds or accounts once you factor in your personal tax situation. The ISA wrapper is brilliant if you're likely to exceed your personal savings allowance, but if you're a basic rate taxpayer with modest savings, you might actually get better returns elsewhere even after tax. Fixed rates also mean you're locked in - if rates shoot up in the next year or two, you'll be watching from the sidelines.

Oh and this is worth a look: - it breaks down the maths on when ISAs actually beat taxable accounts depending on your circumstances.

sherbie28

https://forums.moneysavingexpert.com/discussion/comment/81979009#Comment_81979009

I can't find the link for "this is worth a look"

youngretired

Has anyone actually received their e-vouchers and if so how long after the transfer. I know it states within 30 days after the transfer, but from previous experiences they have always paid early and last year all were issued on the 23rd April regardless when the switch happened, because my sister, mum and myself all received them on the same day even though transfers happened weeks apart.