Santander
ISA Review

Compare Santander ISAs – read our review and compare the features and benefits available from Santander. Find an ISA that suits you and make the most of your annual tax-free savings.

If you want to start building up some savings, an Individual Savings Account (ISA) is the first place to turn. With an Santander ISA you can make your saving grow faster than a regular savings account, as you don't have to part with any of your interest in income tax.

The main difference between an ISA and a normal savings account is that ISA's come with a tax incentive provided by the government to encourage people to save, allowing you to earn tax free interest on your balance. You are limited to depositing up to £5,640 in cash per tax year, but once the tax year ends you are not entitled to rolling any limits over to the following year.


Santander ISAs pay competitive rates of interest on investments, so you can sit back and watch your money grow. If you fail to use up your tax-free savings allowance within any one tax year you will lose it, so it is recommended that you try to invest each tax year, whether it be as a lump sum, or regular deposits throughout the year.

An Santander Cash ISA is a great way to save money, as it tends to offers a higher interest rate than standard savings accounts, and is not subject to tax. The Santander Cash ISA includes the following features:

  • Competitive tax free interest rates
  • Deposit up to £5,640 per tax year
  • No tax on interest
  • No income assessments on your ISA
  • No obligations to inform the HMRC of your ISA
  • Instant access to your money without losing tax relief
  • Transfer you ISA from other providers to Santander with ease

Don't pay unnecessay tax on your interest, open an Santander ISA today and make your money go further.

Top 5 ISA products

Provider
Account
AER
ISA Transfers In
Notice
Deposit Per Year
Apply
1.30%
Yes
Instant
Min £10
Max £5,940
1.29%
Yes
Instant
Min £1
Max £5,940
1.00%
Yes
Instant
Min £1
Max £5,940
No withdrawal penalties. Transfer your existing ISA balances to this ISA.
1.00%
Yes
Instant
Min £1
Max £5,940
No withdrawal penalties. Transfer your existing ISA balances to this ISA.

Natwest Cash ISA

NatWest
  • Save from £1 and save up to £5,940 per tax year (£15,000 from July 2014)
  • Earn 1.0% AER to 1.5% AER depending on deposit:
  • £25,000+ = 1.5% AER
  • £1 - £24,999+ = 1.0% AER
  • Instant access to your funds with no penalties
  • Monthly tax-free interest – Natwest can pay the interest into your Cash ISA Plus or another NatWest account.
  • Manage your ISA by Phone, post, in branch and online
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Scottish Widows e-Cash ISA

Scottish Widows
  • Minimum balance £10
  • Annual cash ISA limit is £5,940 (2014-15)
  • No notice period or penalties for withdrawals
  • Transfers from other cash ISAs accepted

Barclays Instant Cash ISA

Barclays
  • Earn 1.29% AER /1.28% tax-free pa 1 on balances of £1 to £14,999
  • Earn 1.39% AER /1.38% tax-free pa on balances of £15,000 to £29,999
  • Earn 1.49% AER /1.48% tax-free pa on balances of £30,000 and over
  • Rates are variable
  • Save from £1 to £5,940 in the 2014/2015 tax year. The allowance increases to £15,000 in July 2014.
  • Include your Instant Cash ISA – Issue 1 in a Barclays offset mortgage arrangement
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

RBS Cash ISA

RBS
  • Save from £1 and save up to £5,940 per tax year (£15,000 from July 2014)
  • Earn 1.0% AER to 1.5% AER depending on deposit:
  • £25,000+ = 1.5% AER
  • £1 - £24,999+ = 1.0% AER
  • Instant access to your funds with no penalties
  • Monthly tax-free interest – RBS can pay the interest into your Cash ISA Plus or another RBS account.
  • Manage your ISA by Phone, post, in branch and online
  • YOUR SAVINGS ARE PROTECTED UP TO £85,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme