Compare Fixed Rate Cash ISAs

Fixed rate cash ISAs

If you want to take advantage of your 2018/19 cash ISA allowance and have money you can afford to lock away for a few years, a fixed rate cash ISA could be ideal. It pays a guaranteed amount of interest for a set length of time.

You can invest up £20,000 in a cash ISA. Some accounts also allow you to transfer in money invested in the previous tax year so you can maximise returns on all your tax-free savings.

You can open the accounts below through MoneySuperMarket. We can show you all the accounts on the market, but we can only help you to open some of them.

1 Year Fixed Rate Cash ISAs – Ordered by interest rate


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Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

12 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Expected Profit Rate

This account is Sharia compliant. As such, the account pays an 'expected profit rate' rather than an interest rate

Great for
  • Competitive tax-free returns
  • Access online, in branch, by phone
  • UK regulated bank. Savers fully covered by Financial Services Compensation Scheme
But be aware that
  • Islamic banks provide an 'expected profit rate' rather than an interest rate
  • Customers are unable to access funds until maturity date
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Aldermore Aldermore

1 Year Fixed Rate Cash ISA

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • A choice of monthly or annual interest
  • FSCS Protected up to £85,000
  • Quick and easy online account opening
But be aware that
  • Early withdrawals are allowed subject to the loss of 120 days' interest
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AA AA

AA ISA - Fixed Rate Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • A guaranteed rate of interest for the full term of the product
  • Apply and manage your account online 24/7
  • Transferring existing ISA balances
But be aware that
  • This account only accepts a single deposit
  • Withdrawals within the fixed term are subject to a breakage charge
Show key information
Close

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Transferring existing ISA balances
  • Online application and access
  • Bank Of Cyprus is a UK based bank, with full FCA and FSCS regulation
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
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Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Transferring existing ISA balances
  • Fixed term ISA savers
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close

18 month Fixed Rate Cash ISAs – Ordered by interest rate

2 Year Fixed Rate Cash ISAs – Ordered by interest rate

Al Rayan Bank Al Rayan Bank

Fixed Term Deposit Cash ISA

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Sorry, we can't help you to open this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

24 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you to open this account

Expected Profit Rate

This account is Sharia compliant. As such, the account pays an 'expected profit rate' rather than an interest rate

Great for
  • Competitive tax-free returns
  • Access online, in branch, by phone
  • UK regulated bank. Savers fully covered by Financial Services Compensation Scheme
But be aware that
  • Islamic banks provide an 'expected profit rate' rather than an interest rate
  • Customers are unable to access funds until maturity date
Show key information
Close
Aldermore Aldermore

2 Year Fixed Rate Cash ISA

Go to site

Sorry, we can't help you to open this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you to open this account

Great for
  • A choice of monthly or annual interest
  • FSCS Protected up to £85,000
  • Quick and easy online account opening
But be aware that
  • Early withdrawals are allowed subject to the loss of 180 days' interest
Show key information
Close
AA AA

AA ISA - Fixed Rate Issue 13

Go to site

Sorry, we can't help you to open this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you to open this account

Great for
  • A guaranteed rate of interest for the full term of the product
  • Apply and manage your account online 24/7
  • Transferring existing ISA balances
But be aware that
  • This account only accepts a single deposit
  • Withdrawals within the fixed term are subject to a breakage charge
Show key information
Close
Skipton Building Society Skipton Building Society

2 Year Online Fixed Rate ISA Issue 58

Go to site

Sorry, we can't help you to open this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you to open this account

Great for
  • Fixed term ISA savers
  • Transferring existing ISA balances
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close

3 Year Fixed Rate Cash ISAs – Ordered by interest rate

Aldermore Aldermore

3 Year Fixed Rate Cash ISA

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • A choice of monthly or annual interest
  • FSCS Protected up to £85,000
  • Quick and easy online account opening
But be aware that
  • Early withdrawals are allowed subject to the loss of 180 days' interest
Show key information
Close

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Fixed term ISA savers
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close

5 Year Fixed Rate Cash ISAs – Ordered by interest rate

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}} no limit

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Fixed term ISA savers
  • Transferring existing ISA balances
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close


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Not sure what account is right for you? Tell us a few details and we can help you decide

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Easy Access Cash ISAs – Ordered by interest rate

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{50 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Expected Profit Rate

This account is Sharia compliant as such the account pays an expected profit rate rather than an interest rate

Great for
  • Instant access to your money online or through telephone banking service
  • Highly competitive returns generated through ethical activities
  • Transfer existing ISA balances into Al Rayan Bank Instant Access Cash ISA
But be aware that
  • Islamic banks offer 'expected profit rates' not interest rates. Al Rayan Bank has always paid at least the expected profit rate quoted to customers
  • 2018/2019 tax limits apply
Show key information
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AA AA

AA ISA - Easy Access Issue 14

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Apply and manage your account online 24/7
  • Transfer-in an ISA you hold elsewhere
But be aware that
  • Rate includes a bonus, you may want to move your money at the end of this period
  • Partial ISA transfers out aren't available, transfers out in full only
  • The AA ISA is provided by OneFamily. Money in this AA ISA is deposited with Bank of Ireland UK
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Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Transferring existing ISA balances
  • Simple online application
But be aware that
  • Online management only
Show key information
Close

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Opening an account with just £1
  • Unlimited withdrawals without penalty
  • Transferring existing ISA balances
But be aware that
  • Interest is paid annually
Show key information
Close

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{25000 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Transfer in existing ISA balances
But be aware that
  • A lower rate of interest applies for balances of less than £25,000
Show key information
Close


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See more Help to Buy ISA accounts 


What are fixed rate cash ISAs?

When it comes to building up a nest egg, squirrelling money away into an individual savings account (ISA) is a complete no-brainer if you are a taxpayer as returns are tax-free.

This tax break is in addition to the new Personal Savings Allowance (PSA), which came into effect on April 6, 2016. All basic rate taxpayers can now earn £1,000 of savings interest a year without having to pay any tax on it. You’re a basic rate taxpayer in the 2018/19 tax year if your income is less than £43,000).

If you’re a higher rate taxpayer, paying tax at the 40% rate on an income between £43,001 and £150,000, you’re entitled to a lower PSA of £500 a year. 

If you’re an additional taxpayer earning £150,001 or more, you won’t get an allowance at all. 

In the current tax year, you can slot away up to £20,000 in a cash ISA, or a stocks and shares ISA, or an innovative finance ISA, or you can split your allowance between two or three of these.

With rock bottom interest rates, and no sign of any relief on the horizon, it’s well worth considering a fixed-rate ISA – rather than an easy access cash ISA – if you can afford to lock your money away, as the interest rates tend to be higher.

With a fixed rate cash ISA you earn a guaranteed rate of interest for a set period of time – giving you certainty of knowing what the rate will be.

What types of fixed rate cash ISA are available?

Fixed-rate cash ISAs tend to run for a period of between one and five years.  The longer you fix for, the higher the returns on offer. But you do need to ensure you can afford to lock your money away for the full term as you can’t usually access your money during the fixed term without incurring a hefty penalty. Some accounts will only allow you to get at your money in exceptional circumstances.

In addition, you need to be wary of fixing for too long, as while rates have been at rock bottom for several years now, they will climb upwards at some point. If your money is tied up for several years, you could risk finding yourself stuck in an uncompetitive account, and missing out when rates do eventually rise.

By contrast, if you opt for a shorter-term fixed-rate ISA, you can reassess the market regularly to check you’re getting the most competitive rate.

In addition, when choosing a fixed-rate ISA, you must not get fixated on the headline rate without looking beyond this to the Ts and Cs that come with the account.

Before opting for one of these accounts, you also need to be happy with the idea of locking away one lump sum payment at the beginning of the term – rather than drip-feeding cash into the account little by little each month.

If you don’t have a lump sum or are wanting an account that allows you to pay money in as and when you can, an easy access cash ISA would be a better option.

Also remember that any funds withdrawn from an ISA account cannot be replaced – unless you haven’t used your full ISA allowance.

What are the advantages of fixed rate cash ISAs?

With a fixed-rate cash ISA, the rate does not change for a set term, meaning you know exactly what you are getting on your money for that period – without having to worry about the rate falling.

Generally speaking, the rates paid are higher than on other accounts because you are tying your money up – and because the provider knows how long they will have your money for.

However, if you would prefer not to lock your money away in a fixed-rate ISA, you need to look at what other accounts are available, weighing up the pros and cons of each before making your decision.

Why should you use MoneySuperMarket.com to compare fixed rate cash ISAs?

Given that there is such a wide choice of savings accounts – and then different types of ISA account within this, it’s vital to do your research.

The best way to do this is by making use of a free and independent online comparison service, such as MoneySuperMarket.

In just a few seconds, you can see all the different types of ISAs and rates available, as well as the Ts and Cs for each account – making it easy to compare deals to find the right one for you.