Santander has launched a cashback offer for both new and existing customers of up to 拢100 when they transfer their ISA balance to a Stocks and Shares ISA on the bank鈥檚 Investment Hub(1), between 13 September 2022 and 4 December 2022.
The amount of cashback paid depends on the value of the ISA transferred. Customers will receive 拢50 for transfers between 拢5,000 and 拢20,000, and 拢100 for transfers over 拢20,000. The ISA transfer, which can be moved from both Cash ISA and Stocks and Shares ISA balances, must be initiated during the offer period, and completed and invested by the date the cashback is paid, which will be on or before 30 June 2023(2). To be eligible, the funds cannot be transferred out, withdrawn, or cancelled before the cashback is paid. 听
Customers can choose to invest their funds online through the Investment Hub by making their own investment decisions or by using the bank鈥檚 Financial Planning Service (eligibility criteria apply)(3).听
Customers who set up a new monthly Direct Debit of 拢100 or more, which is invested into their Investment Hub account between 30 August 2022 and 30 November 2022, will also be eligible for the bank鈥檚 Direct Debit 拢25 cashback offer announced in early-September if the eligibility criteria for both offers are met.
Alexia Kilby, Head of Investments, at Santander UK, said: 鈥淥ur latest cashback offer gives customers yet more reasons to invest with Santander by helping to grow their money in our award-winning Stocks and Shares ISA(4). Given the high inflation rate, we know some people are looking at investment options in order to hedge against any further increase, and we鈥檙e proud to have a range of different solutions to help customers go about investing.鈥 听 听
In addition, the bank offers a Savings and Investments Calculator which enables potential investors to see comparative predicted returns on their money for savings or investment options and the relative risks of both.听
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The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.听
Notes to Editors 听
1)听听 听More information about the Santander Investment Hub and eligibility criteria for the cashback scheme, visit our Investment Hub webpage here: 糖心原创vlog Investments | How To Invest Online | Santander UK
2)听听 听The cashback will be paid on or before 30 June 2023 to their Cash Only Account on the Investment Hub.
3)听听 听More information about Santander鈥檚 Financial Planning Service: Investment Advice | Speak To An Expert | Santander UK
4)听听 听Santander won Best Stocks & Shares ISA Provider the past five years running at the Investment Life & Pensions Moneyfacts Awards, most recently at the 2022 awards announced in September 2022.
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