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.
Fixed rate ISAs are a great way to grow your savings. While simply having money in a cash ISA means that you can earn tax-free interest, having your money in a 3, 4 or even 5 year fixed rate ISA means that you can benefit from some of the highest savings rates available.
A 4.00% fixed rate ISA is equivalent to a 5.00% fixed rate bond if you pay basic rate tax, or 6.67% if you’re a higher rate taxpayer.
You may only be able to make a single deposit and/or transfer to your fixed rate ISA when you open it. Some ISAs let you make deposits after the initial account opening, but as soon as the ISA is withdrawn for sale to new investors you won’t be able to make any further additions.
You are allowed to hold more than one cash ISA at once, although you can only open one every tax year (6 April to the following 5 April). So you wouldn’t be able to open a 5 year fixed rate ISA, then an easy access ISA in the same tax year.
If you want to transfer your ISA or withdraw your money during the term of your fixed rate, you’ll have to forfeit a fair amount of interest or pay a penalty fee.
ISAs home Search all cash ISAs
Download your free moneyfacts.co.uk guide to ISAs
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
This year’s ISA season has so far been disappointing, with few providers feeling the need to offer c... More
The Lifetime ISA has been touted as a way to give under-40s the chance to either save for their firs... More
Inflation jumped up to a 22-month high in September, official figures have revealed, with the measur... More
Many parents like to set up a savings account for their newborn, giving them a valuable nest egg for... More
Nearly half of England could become a Help to Buy ISA no-go zone by spring 2017, due to the rising c... More
Cash ISAs are a special type of savings account that pay interest tax-free. Each tax year you get an... More
Download your FREE Guide to ISA allowances for the 2015-16 tax year. Find out everything you need t... More
Cash ISA transfers can allow you to get a better interest rate and bring your ISAs together in one p... More
Aldermore has reduced the rate on its one-year cash ISA. Despite this, the deal remains competitive ... More
AA has reduced rates on some of its ISAs. Despite this, its variable rate deal has managed to keep a... More
Aldermore has amended rates across its range of fixed savings products. Despite this, its two-year f... More
Bank of Cyprus has amended rates on its range of fixed rate products. Despite this, their one- and t... More
Ipswich Building Society has introduced a new ISA for existing or local savers, which has earned an ... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.