Fixed rate ISAs at a glance
Fixed rate ISAs offer a secure way to save your money with a guaranteed interest rate for a set period. Here are the key features of these savings accounts:
- Guaranteed interest rate: The interest rate will not change for the term of the product, so you know exactly how much your savings will grow by.
- Tax-free savings: You don't pay tax on the interest earned, allowing you to keep more of your money.
- Fixed term: If you need to access your money before the end of the fixed term, you will incur an interest penalty.
What is a fixed rate ISA?
A fixed rate ISA is a type of savings account where you put your money away for a set time, typically between one and three years. During this time, the interest rate stays the same, so you know exactly how much your savings will grow.
With a fixed rate ISA, you don’t pay tax on the interest you earn, which means you get to keep more of your money. These accounts are a great way of saving tax-efficiently and fix the interest rate you earn on your savings.
Browse our fixed rate ISAs
Please click 'View full product details' on a product you’re interested in for further details.
Fixed rate ISAs and Easy access ISAs
Compare the features of a fixed rate ISA with those of an easy access ISA to better understand the difference between these product types.
| Feature | Fixed rate ISAs | Easy access ISAs |
| Interest rate | Fixed for the term of the product | Variable, can change over time |
| Access to funds | Funds can be accessed at the end of the term | Can withdraw money at any time without penalty |
| Tax benefits | Interest earned is tax-free | Interest earned is tax-free |
| Penalties | Early withdrawal usually incurs a penalty | No penalties for withdrawals |
| Ideal for | Those who want to fix the rate of interest they receive on their savings for a fixed period | Those who need flexibility and might need to access their savings at any time |
Interested in an Easy access ISA instead? View our Cash ISAs page with a range of different access options.
Ways to apply
To open a savings account with us, you can apply either online or in one of our branches (as detailed in the individual product information).
Pop in to your local branch or give us a call, we're always happy to chat.
Our lines are open Monday to Friday from 8am - 6pm. We're closed on Saturdays, Sundays and bank holidays.
