Best 3, 4 and 5 Year Fixed Rate ISAs 2018 | moneyfacts.co.uk

3, 4 and 5 Year Fixed Rate ISA Best Buys

  - Choose a 3, 4 or 5 year+ fixed rate ISA with our independent Best Buys.
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Compare the Best 3 Year & Over Fixed Rate Cash ISAs

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AER Notice / Term Min Invest Transfer In Account Opening Search all
1863 accounts
 

2.30%
5 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...  

2.30%
5 Year Bond £15000 Yes
  1. No
  2. No
  3. Yes
  4. No
Details...  

2.20%
4 Year Bond £15000 Yes
  1. No
  2. No
  3. Yes
  4. No
Details...  

2.15%
5 Year Bond £5000 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

2.11%
5 Year Bond £100 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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2.10%
5 Year Bond £1 Yes
  1. No
  2. Yes
  3. No
  4. No
Details...  

2.10%
31.05.24 £1 Yes
  1. Yes
  2. Yes
  3. Yes
  4. Yes
Details...  

2.10%
02.06.24 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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2.10%
04.06.24 £500 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...  

2.10%
5 Year Bond £1000 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  
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1.91%
3 Year Bond £100 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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1.90%
3 Year Bond £1000 Yes
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.80%
3 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.90%
31.05.22 £100 Yes
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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1.70%
3 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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1.50%
3 Year Bond £1 Yes
  1. Yes
  2. Yes
  3. No
  4. Yes
Details...
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2.03%
5 Year Bond £500 Yes
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.90%
5 Year Bond £500 Yes
  1. No
  2. Yes
  3. Yes
  4. No
Details...
Go to Site
 

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.
 

Best five-year fixed ISA rates

Overall the best long-term fixed ISA rate still available at the end of February came from Coventry Building Society with a rate of 2.30% AER/Gross. Its Fixed Rate ISA (75) 30.11.2023 has a fixed term until the end of November 2023, required a minimum deposit of £1 and paid interest yearly. It allowed further additions for the 2018/19 tax year within 14 days of account opening or while the issue remains open (whichever is longer), but not withdrawals, with early access only allowed on closure and the loss of 180 days’ interest.

Also nearing the top last month was State Bank of India, which was offering 2.15% AER/Gross on its 5 Years Cash ISA Fixed Deposit account. This five-year ISA needed a minimum deposit of £5,000 to open and did not allow further additions or withdrawals, with early access on closure only and subject to 30 days’ notice. No interest would be paid if the account was closed before the first anniversary and there was a 1% loss of interest if closed after that time.

Longer term fixed rate ISAs explained

  • 5 year fixed rate ISAs offer the very best ISA rates
  • Make sure you can commit your money for the full term
  • You can hold more than one cash ISA, but you can only open one new cash ISA per tax year

Fixed rate ISAs are a great way to grow your savings. While simply having money in a cash ISA means that you can earn tax-free interest, having your money in a 3, 4 or even 5 year fixed rate ISA means that you can benefit from some of the highest savings rates available.

Penny PigA 2.00% fixed rate ISA is equivalent to a 2.50% fixed rate bond if you pay basic rate tax, or 3.33% if you’re a higher rate taxpayer.

You may only be able to make a single deposit and/or transfer to your fixed rate ISA when you open it. Some ISAs let you make deposits after the initial account opening, but as soon as the ISA is withdrawn for sale to new investors you won’t be able to make any further additions.

You are allowed to hold more than one cash ISA at once, although you can only open one every tax year (6 April to the following 5 April). So you wouldn’t be able to open a 5 year fixed rate ISA, then an easy access ISA in the same tax year.

Warning If you want to transfer your ISA or withdraw your money during the term of your fixed rate, you’ll have to forfeit a fair amount of interest or pay a penalty fee.

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