Fixed Rate ISAs - Best Fixed ISAs 2017 | moneyfacts.co.uk

Best Fixed Rate ISAs

  - Find the best fixed rate ISA using our independent Best Buys and whole of market search.
Also look at:

Compare the Best Fixed Rate Cash ISAs

Compare
Up to 3 products
side by side
AER Notice / Term Min Invest Transfer In Account Opening Search all
1634 accounts
 

How Long are you looking to fix?

 
  1 Year Fixed Rate ISAs  

1.16%
1 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.15%
1 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.15%
expected rate
12 Month Bond £1000 Yes
  1. Yes
  2. Yes
  3. Yes
  4. Yes
Details...
Go to Site
 

1.15%
1 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.13%
1 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.11%
24.06.18 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.11%
31.07.18 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.10%
28.06.18 £5000 Yes
  1. Yes
  2. Yes
  3. No
  4. Yes
Details...  

1.05%
1 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. Yes
Details...  

1.05%
1 Year Bond £500 No
  1. Yes
  2. No
  3. No
  4. No
Details...  
     
  2 Year Fixed Rate ISAs  

1.36%
2 Year Bond £2000 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

1.30%
24.07.19 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.26%
2 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.25%
28.06.19 £5000 Yes
  1. Yes
  2. Yes
  3. No
  4. Yes
Details...  

1.25%
2 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.23%
2 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.20%
2 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. Yes
Details...  

1.20%
2 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.20%
2 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.16%
2 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. Yes
Details...  
     
  3 Years & Over Fixed Rate ISAs  

1.93%
5 Year Bond £2000 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...  

1.80%
5 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.80%
30.07.21 £2000 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.80%
30.07.21 £2000 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

1.75%
24.07.22 £1 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.70%
5 Year Bond £5000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.60%
31.07.22 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.60%
5 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

1.50%
5 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

1.50%
5 Year Bond £5000 Yes
  1. No
  2. No
  3. Yes
  4. No
Details...  
     
     
  Sponsored Products  

1.00%
1 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View 1 Year Fixed Rate ISAs Best Buys
 

0.85%
1 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site View 1 Year Fixed Rate ISAs Best Buys
 

0.75%
1 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
Go to Site View 1 Year Fixed Rate ISAs Best Buys
 

1.10%
2 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
Go to Site View 2 Year Fixed Rate ISAs Best Buys
 

1.00%
2 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site View 2 Year Fixed Rate ISAs Best Buys
 

1.28%
3 Year Bond £500 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 

1.25%
3 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 

1.15%
3 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site View 3 Years & Over Fixed Rate ISAs Best Buys
 
Compare
Last Updated: Saturday 24 June 2017 14:26

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

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.
 

Fixed rate ISAs explained

Fixed rate cash ISAs are a great choice if you're interested in taking full advantage of the 2017-18 cash ISA allowance and you have enough spare money to lock away for 1 to 5 years. Fixed rate ISAs will pay a set amount of interest for a set period of time. Here's everything you need to know before you search for the best fixed rate ISA:

  1. Fixed rate cash ISAs tend to pay higher rates of interest than easy access or notice ISAs
  2. Make sure you can commit your money for the full term
  3. Once withdrawn from sale to new customers you can't make further additions
  4. Not all fixed rate ISAs accept transfers in from existing ISAs
  5. You can hold more than one cash ISA at a time, but you can't open more than one per tax year
  6. Tax advantages will depend on your individual circumstances and may change in the future

Fixed rate ISAs pay a set amount of interest over a specific term. Because the bank or building society knows that your money will be invested with it for the duration of the term, it can afford to pay you a higher interest rate than on an easy access ISA where it has no such certainty.

WarningThink about whether you'll need to access your money during the term as there can be large interest penalties if you need to get at your funds early.

You can hold more than one cash ISA at a time, although you can only open one new cash ISA per tax year (6th to the following 5th April). So you can have a fixed rate ISA for money you don't need access to, as well as an easy access ISA that you can add funds to and withdraw from, provided they are taken out in different tax years.

Depositing into a fixed rate ISA

In the 2017-18 tax year you can deposit up to £20,000 into a cash ISA. You can also transfer across previously accumulated ISA funds into a fixed rate ISA. However, not all ISAs allow transfers in from existing accounts, so be sure to check this before opening.

Once opened and the initial deposit and/or transfer is made, you may not be able to make any further additions to your fixed rate ISA. Sometimes a provider will allow you to make further contributions for a limited period and/or while the ISA remains on general sale, but once it is withdrawn you will be unable to add to your pot.

Early access penalties

You can access your money from a fixed rate ISA but this will usually be at the expense of a penalty.

  • All cash ISAs allow you to transfer your money into another ISA at any time.
  • However, they don't have to allow you to withdraw your money directly (in order to make a withdrawal you may have to transfer your money to an easy access ISA first).

Either way, if you do need to access money held in a fixed rate ISA before the end of its term, you could well have to forfeit a fair amount of interest. Generally, interest penalties will be a flat amount, or a tapered amount depending on when you need to access your cash and the length of term remaining. Less commonly, some ISAs may charge a flat fee instead, such as £50. While this might at first glance appear off-putting, on larger balances a £50 fee could actually be cheaper than an interest penalty.

Although early access penalties are an important feature of a fixed rate ISA, you shouldn't open one if you think you might need access during the term.

Also, remember that if you do withdraw your money from an ISA rather than following the transfer process, you may not be able to replace it later. You can only put up to £20,000 into a cash ISA in the 2017-18 tax year. Some ISAs will now allow you to withdraw and replace funds provided that the total invested doesn't exceed the ISA limit. Not all providers will allow this flexibility.

What Next?

Best cash ISA rates
Use our whole of market savings search to find your ideal cash ISA

Compare:

Download your free guide to ISAs

 
Also try Moneyfacts Best Buys
First cash Lifetime ISA set to be launched
First cash Lifetime ISA set to be launched

It’s been announced that Skipton Building Society will launch the UK’s first cash Lifetime ISA (LISA... More

First-timers find Help to Buy ISAs less helpful
First-timers find Help to Buy ISAs less helpful

More first-time buyers may be getting on the ladder, but there's still the daunting task of saving a... More

Number of cash ISAs available hits five-year high
Number of cash ISAs available hits five-year high

The ISA market has been in the doldrums for some time, but thankfully, it looks as though there’s so... More

Concerns that too many are saving in cash ISAs
Concerns that too many are saving in cash ISAs

Cash remains king for many savers, but there are growing concerns that this preference could mean th... More

One month on from the Lifetime ISA
One month on from the Lifetime ISA

It’s now been four weeks since the Lifetime ISA was officially launched, but have savers embraced i... More

What is a cash ISA?
What is a cash ISA?

Cash ISAs are a special type of savings account that pay interest tax-free. Each tax year you get an... More

2017-18 ISA Allowance Guide
2017-18 ISA Allowance Guide

Download your FREE Guide to ISA allowances for the 2015-16 tax year. Find out everything you need t... More

How to transfer a cash ISA
How to transfer a cash ISA

Cash ISA transfers can allow you to get a better interest rate and bring your ISAs together in one p... More

New 4yr ISA enters top-3
New 4yr ISA enters top-3

Clydesdale Bank has launched a new four-year fixed rate cash ISA, which has entered the top-three of... More

Tesco’s variable ISA rate increased
Tesco’s variable ISA rate increased

Tesco Bank has increased the rate on its variable rate cash ISA by 0.47%, which has made it worthy o... More

Leeds’ 1yr ISA rate increased
Leeds’ 1yr ISA rate increased

Leeds BS has updated its fixed savings range and increased its one-year fixed ISA rate by 0.06%, whi... More

Variable ISA still competes
Variable ISA still competes

Coventry BS has decreased the rate on its variable rate cash ISA, yet despite this it has remained c... More

Furness’ Excellent 1 & 2yr ISAs
Furness’ Excellent 1 & 2yr ISAs

Furness BS has increased selected rates by up to 0.20%, which sees its one and two-year ISAs enter t... More

Close