Updated: Mon, 13 Aug 2012 01:00:00 GMT | By lovemoney.com

Mcllroy win triggers Santander ISA bonus

Rory Mcllroy's victory at the PGA Championship on Sunday means that some Santander ISA savers will get an extra 0.1% bonus on their accounts.


Mcllroy win triggers Santander ISA bonus

Mcllroy win triggers Santander ISA bonus

If you opened a Santander 2-Year Fixed Rate Major ISA earlier this year, you should be feeling pretty pleased today.

That’s because the account not only offered a 4% standard interest rate, it also came with a 0.1% bonus if Rory Mcllroy won a golf major at some point before summer 2014.

And the good news is… Mcllroy won a major on Sunday – the PGA Championship. So if you have this  ISA, you’ll get an extra 0.1% bonus two years after you opened the account. Of course, 0.1% isn’t a life-changing amount of money, but every little helps and, of course, all your interest will be tax-free as this account is a Cash ISA.

Sadly, Santander has now withdrawn the 2-Year Major ISA for new customers. It’s been replaced  by a 2-year Fixed Rate ISA which pays an interest  rate of 3.6% a year. That means that Santander shares the No. 1 spot for 2-year ISAs with the Post Office Fixed Rate Cash ISA Issue 7. The Post Office ISA also pays 3.6% in interest.

If you want to find out about all the top-paying ISAs on the market, check out our article on The best Cash ISAs right now.

0Comments

latest money videos

10 reasons to make MSN UK your homepage (© Microsoft)

more on msn money

msn money poll

Would you like to receive offers from retailers – such as discount vouchers or sale previews - from your current account provider?

Thanks for being one of the first people to vote. Results will be available soon. Check for results

  1.  
    16 %
    Yes - I'd like to receive any offers that could save me money
    13 votes
  2.  
    11 %
    Yes - but only if they were tailored specifically to my spending habits
    9 votes
  3.  
    5 %
    No - I already know where to look for vouchers and discounts
    4 votes
  4. 68 %
    No - I don't want to be contacted by my bank about anything other than my account
    53 votes

Total Responses: 79
Not scientifically valid. Results are updated every minute.