Santander: Savers must use best ISA rates now

Santander: Savers must use best ISA rates now
Date of Publication: Monday, 28 March 2011 00:00

A lender has urged savers to use their best ISA rates as soon as possible.

Taking the time to compare savings on the best ISA rates available in the UK sooner rather than later is a good idea for all Britons, a financier has advised.

Santander has urged people to complete early applications for cash ISA products in the coming days in order to make sure they do not miss out on the 2010-11 allowance on the packages before the current tax year ends next week (April 6th 2011).

In addition, the lender has said that applying for 2011-12 accounts from April 1st may also be wise as this could provide peace of mind in relation to savings ahead of the beginning of the new tax period.

Reza Attar-Zadeh, director of savings and investments at Santander, commented: "For any tax paying savers yet to use their allowance we urge them to act fast as any unused allowances are lost forever."

This comes after the Tax Incentivised Savings Association labelled the government's changes to the limit on packages like cash ISAs "disappointing".

By Mark Hornby
 ADNFCR-2079-ID-800477613-ADNFCR
Monday, 28 March 2011 00:00
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Top 5 ISAs

Provider
AER
Notice
Min Deposit
Max Deposit
Apply
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2.00%
Fixed term for 3 years
£1,000
£1,000,000
1.80%
Fixed term for 2 years
£1,000
£1,000,000
1.60%
Fixed term for 1 year
£1,000
£1,000,000

Aldermore 1 Year Fixed Rate ISA

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  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 2 Year Fixed Rate ISA

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Flexible - add to your savings whenever you like
  • Unlimited withdrawals - access your money whenever you need it, without restriction or loss of interest
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Aldermore 3 Year Fixed Rate ISA

Aldermore
  • Transparent - our competitive rates are not artificially inflated by bonuses or introductory offers
  • Fast and easy setup - open an account, complete identity checks and move your money in minutes
  • Accessible - open an account with just £1,000
  • Flexible - add to your savings whenever you like
  • Unlimited withdrawals - access your money whenever you need it, without restriction or loss of interest
  • Easy to manage - do it online, by phone or by post
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme