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Fixed Rate ISA

Reinvest in a new Fixed Rate ISA, get a tax-free, fixed interest rate

Why choose a Fixed Rate ISA?

Note:

You can only open this account if you have a maturing fixed rate ISA, or a Fixed Term ISA Maturity account.

Yearly interest rates

1 year: 4.50% AER/tax-free (fixed)
2 year: 4.20% AER/tax-free (fixed)

Access to your money

Only when your term ends otherwise a charge will apply

Manage your money

In branch and online – using our Internet Bank or Banking app

Is a Fixed Rate ISA right for you?

Certain savings accounts suit certain types of savers. Find out more about who we designed this account for.

Designed for:

  • Savers willing to lock away their money for a fixed term

  • Savers with a lump sum to deposit

  • Savers looking for an interest rate that won't change

Not designed for:

  • Savers who want instant access to their money

  • Savers who want to put away money on a regular basis

Information:

Eligibility criteria apply

A cash ISA generally allows UK residents aged 18 or over to save up to their annual ISA allowance tax-free each tax year. However, if you are 16 or 17 and your Fixed Rate ISA is maturing, you can reinvest this into a new Fixed Rate ISA. The allowance is £20,000 for 2024/25. With other savings accounts, you may have to pay tax on the interest you earn, depending on your Personal Savings Allowance. The interest on a cash ISA is tax-free, so all the interest you earn, you keep.

Other maturity options

Don't want to reinvest into a new Fixed Rate ISA? Take a look at your other maturity options.

Fixed Rate ISA maturity options

Information:

This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.

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Note:

Before you apply, please make sure you read the Summary Box and Terms and Conditions in full and print or save a copy for reference

Photograph of Tyler, Nationwide member since 2016.

Apply for a Fixed Rate ISA

Download or print the account documents

Other Important Information

Charitable assignment
Declaration
Withdrawal limits

Savings and ISA help

Useful guides to help you manage your account and understand the different ways to save.

Savings help

Protecting your money

The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide.

Find out more about the FSCS – PDF, 2MB (opens in a new window)