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ISA resolution number 3: Fixed rate ISAs

ISA resolution number 3: Fixed rate ISAs

Category: Savings

Updated: 07/03/2013
First Published: 06/03/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Hands up who wants to earn tax-free interest higher than or equal to the rate of inflation?

If, like most people, you answered "yes" to this question, then fixed-rate ISAs may be just up your street.

Paying some of the best rates in the savings market, fixed-rate ISAs require you to lock your money away for a set period, ranging from one to five years, in return for a tax-free rate of interest.

The majority of these accounts do not allow withdrawals during the term, however, so you must be willing to leave your funds untouched or risk incurring hefty penalties.

Fixed-rate ISAs beating/matching CPI at 2.70%:

Company

Account

Notice

Rate £5.64k

Min Inv.


Halifax

ISA Saver Fixed

5 Year Bond

3.10%

£500


Halifax

ISA Saver Fixed

4 Year Bond

3.05%

£500


Halifax

ISA Saver Fixed

3 Year Bond

3.00%

£500


Virgin Money

Fixed Rate Cash E-ISA Issue 33

24.03.18

2.75%

£1


Virgin Money

Fixed Rate Cash ISA Issue 35

15.03.18

2.75%

£1


Nationwide BS

4 Year Fixed Rate ISA

4 Year Bond

2.70%

£1


Cheshire
BS

4 Year Fixed Rate Cash ISA

4 Year Bond

2.70%

£100


Derbyshire BS

Fixed Rate ISA Issue 65

30.04.17

2.70%

£100


Dunfermline
BS

Fixed Rate Cash ISA Issue 56

30.04.17

2.70%

£100

Source: Moneyfacts.co.uk. Rates correct as of 06.3.13.

What next?
Search all cash ISAs
1 year fixed rate ISAs
2 year fixed rate ISAs
3, 4 & 5 year fixed rate ISAs
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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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