This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.guardian.co.uk/money/2013/apr/08/santander-pulls-best-buy-isa-deal
The article has changed 7 times. There is an RSS feed of changes available.
| Version 3 | Version 4 |
|---|---|
| Santander pulls best-buy Isa deals | Santander pulls best-buy Isa deals |
| (2 days later) | |
| Santander has pulled two of its top-paying Isas and cut the interest rate paid on its easy access cash Isa by 0.5%, just three days into the new tax year. | Santander has pulled two of its top-paying Isas and cut the interest rate paid on its easy access cash Isa by 0.5%, just three days into the new tax year. |
| The two-year fixed Major Isa, which paid 2.8% plus a bonus of 0.1% if golfer Rory McIlroy wins a major, has been withdrawn from sale, as has the easy-access Direct Isa Saver Issue 1, which offered a rate of 2.5%. A new Direct Isa Saver Issue 2 has gone on sale paying a rate of 2%. | The two-year fixed Major Isa, which paid 2.8% plus a bonus of 0.1% if golfer Rory McIlroy wins a major, has been withdrawn from sale, as has the easy-access Direct Isa Saver Issue 1, which offered a rate of 2.5%. A new Direct Isa Saver Issue 2 has gone on sale paying a rate of 2%. |
| A second version of the Major Isa, offering an interest rate of 3% and available only to customers with one of the bank's 123 accounts, will continue to be available. | A second version of the Major Isa, offering an interest rate of 3% and available only to customers with one of the bank's 123 accounts, will continue to be available. |
| The bank said the move followed a review of its range "in line with market conditions", and that it remained committed to offering good value to customers. | The bank said the move followed a review of its range "in line with market conditions", and that it remained committed to offering good value to customers. |
| All of the remaining Isa deals accept transfers in from existing Isa accounts, including those held at Santander. Customers who have already opened a Major Isa can fund it with their 2013/14 Isa allowance as long as they do so before the end of May. | All of the remaining Isa deals accept transfers in from existing Isa accounts, including those held at Santander. Customers who have already opened a Major Isa can fund it with their 2013/14 Isa allowance as long as they do so before the end of May. |
| Santander's deals were among the best buys as the 2012/13 tax year ended, and remained competitive as providers launched a range of new tax year deals over the past few days. | Santander's deals were among the best buys as the 2012/13 tax year ended, and remained competitive as providers launched a range of new tax year deals over the past few days. |
| Savers who want to place their £5,760 cash Isa allowance in a tax-free savings account now will find the best-buy instant access deal at Coventry building society, which is paying 2.6%. Nationwide is offering a two-year fixed-rate of 2.5%. | Savers who want to place their £5,760 cash Isa allowance in a tax-free savings account now will find the best-buy instant access deal at Coventry building society, which is paying 2.6%. Nationwide is offering a two-year fixed-rate of 2.5%. |
| "The timing of this announcement will be a bitter blow to many savers who had probably earmarked these competitive accounts as a home for their 2013/14 Isa allowance," said Andrew Hagger, savings expert at MoneyComms. | "The timing of this announcement will be a bitter blow to many savers who had probably earmarked these competitive accounts as a home for their 2013/14 Isa allowance," said Andrew Hagger, savings expert at MoneyComms. |
| "Usually the best-buy cash Isa deals are in place long enough to cater for people who invest at the end of a tax year as well as those who subscribe within the first few weeks of the next, hence the Santander move will have caught many people on the hop." | "Usually the best-buy cash Isa deals are in place long enough to cater for people who invest at the end of a tax year as well as those who subscribe within the first few weeks of the next, hence the Santander move will have caught many people on the hop." |
| Top savings accounts | Top savings accounts |
| Manchester BS | Manchester BS |
| West Brom BS | West Brom BS |
| Derbyshire BS | |
| Powered by MoneySupermarket for the Guardian | Powered by MoneySupermarket for the Guardian |