Product focus: Fixed rate cash ISAs - Savings - News - Moneyfacts

News

Product focus: Fixed rate cash ISAs

Product focus: Fixed rate cash ISAs

Category: Savings

Updated: 11/10/2010
First Published: 11/10/2010

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 It is now over 6 months old so the content may be out of date.

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.

Find the best savings rates for you - Compare savings accounts

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.

Start saving for Christmas… 2017!

Christmas is just around the corner and our annual festive splurging is starting to step up, but are you prepared? It may be too late to start saving for this year’s festive spend, but it’s never too early to start for next year’s!
 
Close