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

Compare 1 Year Fixed Rate ISA Best Buys

  - Find the best 1 year fixed rate ISA with our independent Best Buys.
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1.10%
1 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
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1.09%
expected rate
12 Month Bond £1000 Yes
  1. Yes
  2. Yes
  3. Yes
  4. Yes
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1.05%
24.03.18 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
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1.01%
30.04.18 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
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1.00%
1 Year Bond £1 Yes
  1. Yes
  2. No
  3. No
  4. Yes
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1.00%
1 Year Bond £5000 Yes
  1. No
  2. No
  3. Yes
  4. No
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0.96%
1 Year Bond £1 Yes
  1. Yes
  2. No
  3. No
  4. Yes
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0.95%
28.02.18 £100 Yes
  1. Yes
  2. No
  3. No
  4. No
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0.95%
28.02.18 £100 Yes
  1. Yes
  2. No
  3. No
  4. No
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0.95%
1 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
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0.90%
1 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
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0.65%
1 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
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Last Updated: Thursday 23 March 2017 15:26

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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1 year fixed rate ISAs explained

  • Earn a higher rate of interest than on a notice or easy access cash ISA
  • Make sure you can commit your money for a year
  • You can only usually make one deposit and/or transfer to the fixed rate ISA

If you normally deposit your whole cash ISA allowance in one go, and don’t make any withdrawals during the tax year, a 1 year fixed rate ISA could be for you.

Paying a guaranteed rate of interest, a fixed ISA can help you maximise your returns as it can pay more than a variable rate notice or easy access cash ISA, as well as more than an equivalent fixed rate bond after tax has been taken into consideration.

For example, a 2.00% 1 year fixed rate ISA is equivalent to a 2.75% 1 year fixed rate bond if you are a basic rate taxpayer (5.00% if you pay higher rate tax).

You may only be able to make a single deposit and/or transfer in to your 1 year ISA when you open the account. You might be permitted to make further deposits into the ISA, but this is only while the product remains on general sale. However, as soon as the fixed rate ISA is withdrawn from sale to new customers, you won’t be able to put any further money into it.

Although you will be able to transfer money out of your ISA, there will usually be a hefty interest penalty to pay. If you think you’ll need access to your money within the 1 year term, look instead at an ISA that will allow easy access, or penalty-free access after a notice period has been served.

Warning Don’t open a 1 year fixed rate ISA if you think you’ll need access to your money during the term. If you make a withdrawal the interest penalty charged could mean that you’ll earn less interest on your ISA savings than if you had opted for the top paying easy access cash ISA instead.

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