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Product focus: Fixed rate ISAs

Product focus: Fixed rate ISAs

Category: Savings

Updated: 13/04/2012
First Published: 13/04/2012

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 It is now over 6 months old so the content may be out of date.
Fixed rate ISAs are a popular way to achieve a tax-free return on savings, however, investors must be willing to lock funds away the duration of the term.

Here is a selection of some of the current top one year fixed rate ISAs.

SAGA - 1 Year Fixed Rate ISA

  • SAGA's one year ISA pays a rate of 3.60% on its anniversary.
  • A monthly rate of 3.54% is also available.
  • Savers can invest a minimum of £1 and further additions can be made whilst the issue remains open.
  • Funds can be accessed early, although this is subject to 90 days' loss of interest.
  • Transfers in are not accepted.
  • The account is available to savers aged 50 and over and can be operated by post only.

Santander - 1 Year Fixed Rate ISA

  • This one year ISA pays an annual rate of 3.50% to savers with a minimum investment of £2,500.
  • Funds can be accessed on account closure only, subject to a 90 days' loss of interest penalty.
  • Transfers in are accepted.
  • The account is available to savers aged 16 and over and can be operated in branch, by post or telephone.

Aldermore - 1 Year Fixed Rate ISA

  • This account pays a rate of 3.30% upon maturity for savers with a minimum investment of £1,000.
  • A monthly interest option is available at the same rate.
  • Funds can be accessed early, subject to 120 days' loss of interest and all withdrawals must be made via a nominated account.
  • Transfers in are accepted.
  • The account is available to savers aged 18 and over and can be operated by post, telephone or online.

Looking for a Fixed Rate Cash ISA - Compare cash isa rates and best isa rates for transfers

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 Any products featured may be withdrawn by their provider or changed at any time.

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