Fixed Rate ISA Savings Account
If you want to invest a lump sum then a Fixed Rate ISA offers a tax-free interest rate that won't change during your chosen term.
Cash ISAs are a flexible and tax-efficient way to save and everyone aged 16 or over can save up to £5,640 tax-free in a cash ISA with one provider, each tax year. With most savings accounts, the tax man gets a cut from the interest you earn. That's why it's reassuring to know that with a cash ISA all the interest you earn, you keep.
Key features
- Enjoy a fixed tax-free rate of interest during the term of your cash ISA account
- Open your fixed rate cash ISA account with as little as £1 in any
- Open more than one Fixed Rate ISA - subject to your annual cash ISA limit
- Choose to have your interest paid monthly or annually
- Part of our Cash ISA range - tax-free interest products offering a range of access options to suit your needs.
- Rates are fixed
- All rates are tiered and require a minimum balance. The table quotes the lowest rates, which are available based on a minimum balance of £1 and the highest rates, which are available based on a minimum balance of £50,000.
- Partial withdrawals from your account before the end of the fixed term are not allowed. Early closure will incure a loss of interest, full details available on the rates & account details page for your chosen term.
- Maximum 1 account holder, minimum age 16.
- Interest is calculated daily and paid monthly or annually and on maturity
- The rates and terms offered are only available for limited periods and may be withdrawn without notice
Need some help understanding ISAs?
Visit our ISAs explained section to find out what ISAs are, how they work and for more information on ISA limits.
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Are you using your full annual ISA allowance?
If you've used your cash ISA allowance this tax year you could still invest up to a further £5,640 in a Stocks & Shares ISA. This could help you use your full £11,280 annual ISA allowance this tax year.
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Want to open and manage your ISA online?
If you want to open and manage your ISA online then you may want to consider our instant access Online ISA.
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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.