Santander Cash ISAs
Santander offers a variety of cash ISAs, depending on the customer's needs and budget. Current choices include:
- Direct ISA
- Fixed rate ISA
- Easy ISA
With savings rates at record lows it pays to use your ISA allowance to avoid paying any tax - benefits of a cash ISA include:
Benefits of a cash ISA
There are a number of benefits to a cash ISA:
- No income tax - you don't pay tax on any interest you earn from the cash in your ISA
- Easy access to your ISA - if you choose an instant access cash ISA (rather than a fixed-rate cash ISA) it's a convenient way to save at a good interest rate while retaining fast and easy access to your money, should you need it
- No need to declare to HMRC - you don't need to declare your cash ISA on your tax return
- Straightforward to transfer - you can transfer your cash ISA to a different ISA provider to get a better rate of return
Stocks and Shares ISAs
In addition to a variety of cash ISAs, Santander also offers a range of Investment ISA options, giving you the opportunity to gain a greater potential return on your money. Of course, investments can either grow or fall in price, and therefore, the better potential return is weighed against the possible risks associated with the investment.
Whether you are seeking a cash ISA to save your money or an investment ISA with a greater possible return, Santander may just have the right product for you.
Santander is a relative newcomer to the British savings market, although its history in Europe, Latin America and other areas of the world dates back much further. The acquisition of Abbey National in 2004, as well as the acquisitions of Bradford & Bingley and Alliance and Leicester in 2008, brought this large global bank into the UK financial market.
Today, Santander has more than 1,300 branches across the UK, and customers can bank over the phone or online. Santander is the third largest deposit taker and second largest lender in the UK. The company is based in Spain, but has branches across the globe in numerous countries, including South America and the U.S. The UK division of Santander offers a wide range of products, including loans, insurance, credit cards and savings accounts.