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New fixed-rate ISA at Santander

Santander has launched a new range of fixed-rate postal ISAs. Its two-year ISA will pay up to 3.50% and its one-year ISA will pay up to 3.00%.

Savers can deposit their current tax year cash ISA allowance and transfer in previous years’ cash ISA savings.

Matt Hall, head of savings at Santander, said: “Fixed-rate ISAs offer certainty of return with the advantage of earning the interest tax free and therefore continue to prove popular with savers looking to lock in their cash.

“Both accounts allow savers to transfer in money held in ISAs from previous tax years so that they can keep all their ISA money in one place and earn a competitive, guaranteed return.”

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