Santander launches best-buy fixed-rate ISA

Savers looking for the ISA with the best savings interest rates may wish to check out the latest fixed-rate offering from Santander.

The new ISA pays a tax-free rate of 3.50 per cent and provides savers with a fixed return for two years, until April 2013.

Both new and existing customers can take advantage of the savings rates offered by Santander's new fixed-rate product.

Reza Attar-Zadeh, director of savings and investments, at Santander said: "A fixed rate ISA is ideal for savers who wish to benefit from a guaranteed tax free return.

"This ISA allows savers to subscribe their current tax year ISA allowance as well as transfer in money they may have saved in ISAs in previous tax years. Anyone looking to take advantage should visit their local branch."

Withdrawals can be made from the ISA by post and are subject to the loss of 120 days interest.

Santander recently announced reductions to some of its mortgage rates to help first-time buyers access some of the best mortgage rates on the market.
 

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2011-02-25 08:06:24 © Moneyextra.com