Compare Fixed Rate Cash ISAs

Fixed rate cash ISAs

If you want to take advantage of your 2017/2018 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.

These are the best accounts available to open 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 rate (AER)


See all fixed rate accounts

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}} up to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
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
Virgin Money

Fixed Rate Cash E-ISA Issue 242

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}} up to {{productCurrency}} no limit

Term

until 24.06.18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Start saving from £1 and choose between monthly or annual interest
  • Transfer in existing ISA balances, to bring all your ISAs together
  • Know what return you'll get with this fixed rate of interest
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay
  • Withdrawals are subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn
  • The maturity date of this product is 24 June 2018
Leeds Building Society

1 Year Fixed Rate Access ISA Issue 94

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}} up to {{productCurrency}} no limit

Term

until 01.07.18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Transferring existing ISA balances
  • Online application
But be aware that
  • Withdrawals/transfers of your capital investment prior to maturity are permitted, but they will be subject to 60 days' loss of interest
  • Post and branch access only
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}} up to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • A choice between 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
Post Office Money

Online ISA - 1 Year Fixed Rate Issue 8

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}} up to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • One year at 0.90% tax-free/AER fixed
  • Full online application and access
But be aware that
  • Interest calculated daily and paid annually on anniversary of account opening. At the end of the fixed term, the value along with any interest earned will be paid into the Holding Account of your Online ISA
  • No additional deposits or withdrawals permitted during fixed term. If product is closed after the first 14 days of opening, a Breakage Charge will apply. If the interest earned doesn’t cover this, you may get back less than you put in
  • Online ISA is provided by OneFamily, savings in Post Office Money® Cash ISAs are deposited with Bank of Ireland UK
Skipton Building Society

1 Year Online Fixed Rate 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}}{{500 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Fixed term ISA savers
But be aware that
  • Withdrawals are not permitted within the fixed term
2016 SUPERS

Winner of the Best 'Cash ISA' Savings Provider

2 Year Fixed Rate Cash ISAs – Ordered by rate (AER)

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}} up to {{productCurrency}} no limit

Term

2 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
Virgin Money

Fixed Rate Cash E-ISA Issue 240

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}} up to {{productCurrency}} no limit

Term

until 24.05.19

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Start saving from £1 and choose between monthly or annual interest.
  • Transfer in existing ISA balances, to bring all your ISAs together.
  • Know what return you'll get with this fixed rate of interest.
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 90 days' loss of interest on the amount withdrawn.
  • The maturity date of this product is 24 May 2019.
Paragon Bank

2 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}}{{500 | currency : '' : 0}} to {{productCurrency}}{{100000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Online application and access
  • A choice between monthly and annual interest
  • UK bank with FSCS protection up to £85,000
But be aware that
  • Withdrawals prior to your fixed term ending are subject to 180 days' loss of interest
Aldermore

2 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}} up to {{productCurrency}} no limit

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • A choice between 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
Leeds Building Society

2 Year Fixed Rate ISA Issue 89

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}} up to {{productCurrency}} no limit

Term

until 30.06.19

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Great for
  • Transferring existing ISA balances
  • Online application
But be aware that
  • Withdrawals/transfers of your capital investment prior to maturity are permitted, but they will be subject to 150 days' loss of interest
  • Post and branch access only
Skipton Building Society

2 Year Online Fixed Rate 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}}{{500 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

2 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

3 Year Fixed Rate Cash ISAs – Ordered by rate (AER)

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}} up to {{productCurrency}} no limit

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A choice between 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
Leeds Building Society

3 Year Fixed Rate ISA Issue 50

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}} up to {{productCurrency}} no limit

Term

until 30.06.20

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Transferring existing ISA balances
  • Online application
But be aware that
  • Withdrawals/transfers of your capital investment prior to maturity are permitted, but they will be subject to 240 days' loss of interest
  • Post and branch access only
Skipton Building Society

3 Year Online Fixed Rate 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}}{{500 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

3 year bond

Account type

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


See all fixed rate accounts

5 Year Fixed Rate Cash ISAs – Ordered by rate (AER)

Virgin Money

Fixed Rate Cash E-ISA Issue 241

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}} up to {{productCurrency}} no limit

Term

until 24.05.22

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Start saving from £1 and choose between monthly or annual interest.
  • Transfer in existing ISA balances, to bring all your ISAs together.
  • Know what return you'll get with this fixed rate of interest.
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 180 days' loss of interest on the amount withdrawn.
  • The maturity date of this product is 24 May 2022.
Leeds Building Society

5 Year Fixed Rate ISA Issue 62

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}} up to {{productCurrency}} no limit

Term

until 30.06.22

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Transferring existing ISA balances
  • Online application
But be aware that
  • Withdrawals/transfers of your capital investment prior to maturity are permitted, but they will be subject to 365 days' loss of interest
  • Post and branch access only


See all fixed rate accounts

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

 

Easy Access Cash ISAs – Ordered by rate (AER)

Virgin Money

Defined Access E-ISA Issue 13

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Post Office Money

Online ISA - Easy Access Issue 10

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
AA

AA ISA - Easy Access Issue 11

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Skipton Building Society

Online Cash ISA Saver Issue 6

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
2016 SUPERS

Winner of the Best 'Cash ISA' Savings Provider

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

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

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account

Interest rate (AER)

 

on balances between and

on balances up to

Min/max opening amount

{{productCurrency}}{{100000 | currency : '' : 0}} up to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account


See all cash ISA accounts

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

 


See more Help to Buy ISA accounts 

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Savings Guides

  

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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 2017-18 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.