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


Product focus: Fixed rate ISAs

Product focus: Fixed rate ISAs

Category: Savings

Updated: 21/06/2010
First Published: 21/06/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

ISA season has well and truly come to an end and while rates have been reduced since the start of the tax year, there are still competitive deals to be found. Similar to standard savings accounts, the best ISA rates are offered to savers who are prepared to lock their money away for between one and five years. Here is a selection of the best fixed rate ISAs currently on offer:

Birmingham Midshires – 5 Year Fixed Rate ISA

The highest ISA rate on the market comes from Birmingham Midshires, whose 5 Year Fixed Rate ISA pays 4.25pc. For savers requiring a regular income, the ISA offers a monthly interest option. Savers can invest upwards of £500 into the ISA, which accepts transfers in. Further additions are permitted whilst the ISA remains open, but access during the term is available on closure only, subject to a loss of 365 days' interest.

Derbyshire Building Society – Fixed Rate ISA

If savers are prepared to commit funds for two years, then Derbyshire Building Society is offering a market leading rate of 3.25pc. Savers can invest from £100 into the ISA, which accepts transfers in. Access is available during the term, but will be subject to a loss of 120 days' interest.

Northern Rock – One Year Fixed Rate Cash ISA

Savers after a short term commitment are being offered a rate of 2.75pc from Northern Rock. Its One Year Fixed Rate Cash ISA matures on 15 June 2011 and savers can invest from £500. Transfers into the account are permitted. If a withdrawal is required during the term, savers must forgo 60 days' interest.

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 Any products featured may be withdrawn by their provider or changed at any time.

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