Fixed Rate ISAs - Best ISA Rates | moneyfacts.co.uk

Fixed Rate ISA

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  1 Year Fixed Rate ISAs  

1.09%
expected rate
12 Month Bond £1000 Yes
  1. Yes
  2. Yes
  3. Yes
  4. Yes
Details...  

1.05%
24.03.18 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.05%
1 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.01%
28.02.18 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.00%
1 Year Bond £1 Yes
  1. Yes
  2. No
  3. No
  4. Yes
Details...  

1.00%
1 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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0.96%
1 Year Bond £1 Yes
  1. Yes
  2. No
  3. No
  4. Yes
Details...  

0.95%
26.03.18 £500 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

0.95%
1 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

0.90%
1 Year Bond £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  
     
  2 Year Fixed Rate ISAs  

1.25%
31.03.19 £1000 No
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

1.20%
31.03.19 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.20%
2 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.15%
24.02.19 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.10%
2 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.10%
2 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.00%
2 Year Bond £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.00%
31.01.19 £500 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.00%
25.03.19 £500 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

1.00%
2 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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  3 Years & Over Fixed Rate ISAs  

1.65%
24.03.22 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.60%
5 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.55%
31.03.22 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.55%
5 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.50%
5 Year Bond £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.50%
5 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

1.45%
5 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.40%
5 Year Bond £5000 Yes
  1. No
  2. No
  3. Yes
  4. No
Details...  

1.30%
31.03.20 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.30%
3 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  
     
     
  Sponsored Products  

0.80%
1 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site View 1 Year Fixed Rate ISAs Best Buys
 

0.65%
1 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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0.75%
2 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.25%
3 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 

1.20%
3 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 

1.15%
3 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 
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Last Updated: Tuesday 28 February 2017 00:07

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
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Fixed rate ISAs explained

  • Fixed rate cash ISAs tend to pay higher rates of interest than easy access or notice ISAs
  • Make sure you can commit your money for the full term
  • Once withdrawn from sale to new customers you can’t make further additions
  • Not all fixed rate ISAs accept transfers in from existing ISAs
  • You can hold more than one cash ISA at a time, but you can’t open more than one per tax year
  • Tax advantages will depend on your individual circumstances and may change in the future

Fixed rate ISAs pay a set amount of interest over a specific term. Because the bank or building society knows that your money will be invested with it for the duration of the term, it can afford to pay you a higher interest rate than on an easy access ISA where it has no such certainty.

Warning Think about whether you’ll need to access your money during the term as there can be large interest penalties if you need to get at your funds early.

Penny PigYou can hold more than one cash ISA at a time, although you can only open one new cash ISA per tax year (6th to the following 5th April). So you can have a fixed rate ISA for money you don’t need access to, as well as an easy access ISA that you can add funds to and withdraw from, provided they are taken out in different tax years.

Depositing into a fixed rate ISA

In the 2016-17 tax year you can deposit up to £15,240 into a cash ISA. You can also transfer across previously accumulated ISA funds into a fixed rate ISA. However, not all ISAs allow transfers in from existing accounts, so be sure to check this before opening.

Once opened and the initial deposit and/or transfer is made, you may not be able to make any further additions to your fixed rate ISA. Sometimes a provider will allow you to make further contributions for a limited period and/or while the ISA remains on general sale, but once it is withdrawn you will be unable to add to your pot.

Early access penalties

You can access your money from a fixed rate ISA but this will usually be at the expense of a penalty.

  • All cash ISAs allow you to transfer your money into another ISA at any time.
  • However, they don’t have to allow you to withdraw your money directly (in order to make a withdrawal you may have to transfer your money to an easy access ISA first).

Either way, if you do need to access money held in a fixed rate ISA before the end of its term, you could well have to forfeit a fair amount of interest. Generally, interest penalties will be a flat amount, or a tapered amount depending on when you need to access your cash and the length of term remaining. Less commonly, some ISAs may charge a flat fee instead, such as £50. While this might at first glance appear off-putting, on larger balances a £50 fee could actually be cheaper than an interest penalty.

Although early access penalties are an important feature of a fixed rate ISA, you shouldn’t open one if you think you might need access during the term.

Also, remember that if you do withdraw your money from an ISA rather than following the transfer process, you may not be able to replace it later. You can only put up to £15,240 into a cash ISA in the 2016-17 tax year. Some ISAs will now allow you to withdraw and replace funds provided that the total invested doesn’t exceed the ISA limit. Not all providers will allow this flexibility.

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