Direct ISA (Issue 6)
Pick up a great tax-free rate with instant access
2.75% AER Tax free (variable) from £9k+
- Direct ISA (Issue 6):
- If you prefer your cash ISAs to be a bit more flexible, a Direct ISA (issue 6) is the one for you. It lets you earn a great tax-free rate of 2.00% AER tax-free (variable) from £1+ which includes a 12 month variable rate bonus of 1.50% AER tax free, and 2.75% AER tax-free (variable) from £9k+ which includes a 12 month variable rate bonus of 2.25% AER tax-free. You can access or manage your Direct ISA (issue 6) at any time via the internet, phone or by post.
- The Direct ISA includes a variable bonus rate of interest for the first 12 months. After this time your account will automatically change to a tiered variable rate depending on the amount of money you have in your account. See our interest rates.
- Benefit from great rates of interest on all your cash ISAs by transferring cash ISAs with other providers to Santander. Just complete the application form giving the account number and name of your current provider and our dedicated transfer team will do the rest for you. Interest is paid from the moment your old account is transferred so you do not lose any interest.
- The annual ISA allowance has increased to £10,200 per tax year for customers who as of the 5 April 2010 are aged 50 or over. Of this up to £5,100 can be contributed to a Cash ISA. From 6 April 2010, this increased allowance will apply to all customers.
- You can see the key product information for our savings accounts by clicking here.
AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Rates may change and we pay interest each month or year.