Best 1 Year ISA Rates | Compare & Open Today | moneyfacts.co.uk
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Best 1 Year Fixed Rate ISA Accounts

If you normally deposit your whole cash ISA allowance in one go, and don’t make any withdrawals during the tax year, a 1-year fixed rate ISA could be the best route for you. Paying a guaranteed rate of interest, a fixed ISA can help you maximise your returns in comparison to easy access accounts. View today's best rates below or read our 1 year fixed rate ISA guide to learn more. 

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Best ISA rates - 1 year fixed

Best ISA rates - 1 year fixed

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  • Paragon Bank 1 Year Fixed Rate Cash ISA
    AER
    0.95%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    0.95%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Aldermore 1 Year Fixed Rate Cash ISA
    AER
    0.80%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    Go To Provider's Site
    AER
    0.80%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Leeds BS 1 Year Fixed Rate ISA (Issue 139)
    AER
    0.70%
    Account Type
    Cash ISA
    Term
    31.10.21
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Hampshire Trust Bank 1 Year ISA Bond (Issue 19)
    AER
    1.02%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
  • Hodge Bank 1 Year Fixed Rate Cash ISA
    AER
    1.00%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    AER
    1.00%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
  • Cynergy Bank Loyalty Fixed Rate Cash ISA
    AER
    0.93%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
  • Cynergy Bank Fixed Rate Cash ISA
    AER
    0.92%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
  • Principality BS 1 Year Fixed Rate Cash ISA Issue 225
    AER
    0.90%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    AER
    0.90%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
  • Secure Trust Bank 1 Year Fixed Rate Cash ISA
    AER
    0.86%
    Account Type
    Cash ISA
    Term
    20.10.21
    Interest Paid
    Yearly
  • Charter Savings Bank 1 Year Fixed Rate Cash ISA
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    AER
    0.85%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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A guide to 1 year fixed rate ISAs

At a glance

  • Earn a higher rate of interest than on a notice or easy access cash ISA
  • Make sure you can commit your money for a year
  • You can only usually make one deposit and/or transfer to the fixed rate ISA

Why should I choose a one-year fixed rate ISA?

One-year fixed rate ISAs are an excellent way to get a better rate of interest than might be possible with a notice or easy access account. Of course, if you do decide to invest in a one-year fixed rate ISA it’s important to be sure that you won’t need to access those savings for a whole year. While early access might be possible you’ll penalised with a hefty, if not total loss of interest.

How does a 1 Year ISA work?

In the 2019-20 tax year (a tax year runs from 6 April to the following 5 April), you can deposit up to £20,000 into a cash ISA. You are only allowed to open one new cash ISA per tax year, so if you opt for a 1-year fixed rate ISA, you will not be able to open another cash ISA until the next tax year. The only exception to this is if a provider allows you to ‘share’ your ISA allowance across their range of cash ISAs.

You may only be able to make a single deposit and/or transfer in to your 1-year ISA when you open the account. You might be permitted to make further deposits into the ISA, but this is only while the product remains on general sale. However, as soon as the fixed rate ISA is withdrawn from sale to new customers, you won’t be able to put any further money into it.

Although you will be able to transfer money out of your ISA, there will usually be a hefty interest penalty to pay. If you think you’ll need access to your money within the 1-year term, look instead at an ISA that will allow easy access, or penalty-free access after a notice period has been served.

Compare different ISA terms

Best 1 Year ISA Rates

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