Due to their tax-free status, ISAs are a popular choice with savers. Fixed rate cash ISAs may appeal to those who want to enjoy tax-free savings and lock cash away for a set period. Here is a selection of fixed rate cash ISAs offered by well-known providers.
Halifax – Fixed Rate ISA Saver
This four year deal pays 4.25% on maturity. Savers must invest a minimum of £500, and while transfers in are allowed, further additions are not. Funds can be accessed early on closure only, subject to 180 days' loss of interest. The account can be operated by savers aged 16 and over in branch, by telephone or online.
Northern Rock – Fixed Rate Cash ISA Issue 146
This five year deal from Northern Rock pays an annual rate of 4.00%. A minimum deposit of £500 is required, while further additions can be made up to 30 days after the issue is closed and transfers in are also accepted. Early access is allowed, subject to 180 days' loss of interest. On maturity, the account converts to the 30 Day Cash ISA, with free access for 30 days after maturity. The account is available to savers aged 16 and over and can be operated by post only.
Nationwide Building Society – Five Year Fixed Rate ISA
The rate for this account is determined by the amount which is invested: for deposits between £1 and £9,999, the payment is 3.75%; for between £10,000 and £24,999, the rate is 3.80%; for between £25,000 and £49,999, 3.90% is payable; and for investments of £50,000 or more, 4.00% is the reward. Transfers in are accepted but further additions are not allowed. Early access is allowed on closure only, subject to 365 days' loss of interest. The account can be operated in branch only by savers aged 16 and over.
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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 Any products featured may be withdrawn by their provider or changed at any time.
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