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Use our comparison tables to find the best rates for fixed term ISAs of five years or more.  If you would like more information about five-year fixed rate ISAs read our guide below.

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Skipton BS Logo
Skipton BS 5 Year Online Fixed Rate ISA Issue 90 FSCS logo
FSCS logo
AER
2.00%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Anniversary
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 1.80% paid at £500, 2.00% paid at £20K
AER 1.80% paid at £500, 2.00% paid at £20K
Interest Paid Anniversary
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only on 365 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be reinvested in a further Fixed Rate/Fixed Term account on equivalent/similar terms

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes Within 7 days of account opening.
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
State Bank of India Logo
State Bank of India 5 Year Cash ISA Fixed Deposit FSCS logo
FSCS logo
AER
2.15%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
On Maturity (Compounded Annually)
Opening Account
Not Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.15% paid at £5K
AER 2.15% paid at £5K
Interest Paid On Maturity (Compounded Annually)
Interest payment Interest must be compounded
Min Opening Amount £5,000
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only on 30 day notice. No interest paid if account closed before the first anniversary. 1% loss of interest if closed after the first anniversary.
Further Additions Allowed

Information

Min Age 18
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

Linked Product (Non-Funded): New Current or Savings Account required

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Metro Bank Logo
Metro Bank 5 Year Fixed Rate Cash ISA (Issue 7) FSCS logo
FSCS logo
AER
2.10%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Yearly
Opening Account
Not Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Not Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.10% paid at £1
AER 2.10% paid at £1
Interest Paid Yearly
Interest payment Interest must be compounded
Min Opening Amount £0
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only on 180 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes Within 30 days of account opening.
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Newcastle BS Logo
Newcastle BS Five Year Fixed Rate ISA (Issue 29) FSCS logo
FSCS logo
AER
2.10%
Account Type
Cash ISA
Notice / Term
25.07.24
Interest Paid
Monthly
Opening Account
Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.08% paid at £500
AER 2.10% paid at £500
Interest Paid Monthly
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access subject to 365 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Newcastle BS Logo
Newcastle BS Five Year Fixed Rate ISA (Issue 29) FSCS logo
FSCS logo
AER
2.10%
Account Type
Cash ISA
Notice / Term
25.07.24
Interest Paid
Yearly
Opening Account
Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.10% paid at £500
AER 2.10% paid at £500
Interest Paid Yearly
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access subject to 365 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Leeds BS Logo
Leeds BS 5 Year Fixed Rate ISA (Issue 89) FSCS logo
FSCS logo
AER
2.05%
Account Type
Cash ISA
Notice / Term
31.07.24
Interest Paid
Yearly
Opening Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.05% paid at £100
AER 2.05% paid at £100
Interest Paid Yearly
Interest payment Interest can be paid away or compounded
Min Opening Amount £100
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on 365 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Principality BS Logo
Principality BS 5 Year Fixed Rate Cash ISA Issue 209 FSCS logo
FSCS logo
AER
2.03%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Anniversary
Opening Account
Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.03% paid at £500
AER 2.03% paid at £500
Interest Paid Anniversary
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only on 360 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Principality BS Logo
Principality BS 5 Year Fixed Rate Cash ISA Issue 209 FSCS logo
FSCS logo
AER
2.03%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.01% paid at £500
AER 2.03% paid at £500
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only on 360 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Cambridge BS Logo
Cambridge BS 5 Year Fixed Rate ISA (Issue 10) FSCS logo
FSCS logo
AER
2.00%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Yearly
Opening Account
Not Available Online Available At Branch Available By Mail Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Available By Telephone Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.00% paid at £500
AER 2.00% paid at £500
Interest Paid Yearly
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on 240 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A
Family Building Society Logo
Family Building Society 5 Year Fixed Rate Cash ISA (3) FSCS logo
FSCS logo
AER
2.00%
Account Type
Cash ISA
Notice / Term
5 Year Bond
Interest Paid
Yearly
Opening Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
ISA Information
Additional Information

Rates

Rate 2.00% paid at £1K
AER 2.00% paid at £1K
Interest Paid Yearly
Interest payment Interest must be compounded
Min Opening Amount £1,000
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access on closure only subject to 365 day loss of interest in year 1, 320 day loss in year 2, 270 day loss in year 3, 225 day loss in year 4, and 180 day loss in year 5.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 16
Max Age 0
Taxation
Interest is paid tax free

Opening Restrictions

N/A

ISA Information

Transfers In - Cash ISAs
Transfers In - Stocks & Shares ISAs
Transfers In - Help to Buy ISAs
Additional Permitted Subscription ISA
Transfer Notes -
Flexible Rules Apply
Split ISA Allowance Between Different ISAs With Same Provider

Additional Information

N/A

Select a Savings Account

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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Three, four and five-year fixed rate ISA

Leanne Macardle

Leanne Macardle

Editor
Published: 30/01/2019

At a glance

  • Long-term fixed rate ISAs offer the very best 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.

Why should I choose a long-term fixed rate ISA?

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.

What else do I need to know?

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 5-year fixed rate ISA, for example, 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 fixed rate 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 before the end of the term, look instead at an easy access ISA, one that offers penalty-free access after a notice period has been served, or fix for a shorter term of maybe one or two years.

Moneyfacts tip

Moneyfacts tip Leanne Macardle

Don’t open a long-term fixed rate ISA if you think you’ll need access to your money during the term. If you make a withdrawal the interest penalty charged could mean that you’ll earn less interest on your ISA savings than if you had opted for the top-paying easy access cash ISA instead.

adult couple with two children

At a glance

  • Long-term fixed rate ISAs offer the very best 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.
Best 5 Year Fixed Rate ISAs
Provider AER Account Type Notice / Term Min Investment
State Bank of India Logo State Bank of India 5 Year Cash ISA Fixed Deposit 2.15% Cash ISA 5 Year Bond £5,000
Metro Bank Logo Metro Bank 5 Year Fixed Rate Cash ISA (Issue 7) 2.10% Cash ISA 5 Year Bond £0
Newcastle BS Logo Newcastle BS Five Year Fixed Rate ISA (Issue 29) 2.10% Cash ISA 25.07.24 £500
Newcastle BS Logo Newcastle BS Five Year Fixed Rate ISA (Issue 29) 2.10% Cash ISA 25.07.24 £500

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