Santander and Barclays have become the latest help-to-buy
Isa providers to unveil the interest rate it will pay savers who sign up to the
government’s latest scheme for homebuyers. Santander said it would pay up to 2%
on accounts, while Barclays will pay 2.25%. These rates are in line with those
offered by Nationwide and NatWest, but just half the rate available at Halifax,
where savers can earn 4%. Help-to-buy Isas are available now, offering first-time
buyers who pay in up to £200 a month the chance to boost their savings with a
25% government subsidy. The subsidy, which is capped at £3,000, is available to
each first-time buyer, so a couple can get up to £6,000 towards their first
home. Read more on the Guardian website.
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