Up to
2.75
%
Gross p.a/AER
Direct ISA
Transfer all your tax-free savings to our Direct ISA
 | |  |
| | Existing Santander ISA customers. If you wish to transfer funds from existing Santander ISAs. Find out more | |
 | |  |
How does the Direct ISA work?
- Rate includes a variable bonus for at least 12 months.
- Save from £1 to £5,100 this tax year without paying tax on interest.
- Its a great account if you are looking to transfer in existing ISA funds from other Cash ISAs.
- No penalties if you make withdrawals.
- All payments into your Direct ISA account will count towards your annual Cash ISA allowance.
- If you use up all your allowance and then withdraw funds from your Direct ISA, you cannot pay that money back in until the start of a new tax year.
Your annual cash ISA allowance is £5,100.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate before income tax is taken off.