Fixed rate ISAs

Compare fixed rate ISAs

If you want to make the most of your tax free allowance, but don't think you'll need to access it for a while then you may be able to get higher rates with a fixed rate ISA.

Do you want to know exactly how much interest you'll earn?

A fixed rate ISA allows you to work out exactly how much interest you'll earn over a set period - the rates aren't variable like some cash ISAs leaving you knowing where you stand.

Compare 1 year Fixed Rate ISAs

Ranked in order of Interest (AER)


  • Minimum
    opening balance
  • Interest rate
    (AER)
  • Manage your
    account
  • Interest
    paid
  • Transfers in
    accepted?
  • Unlimited free
    withdrawals?

Compare 2 year Fixed Rate ISAs

Ranked in order of Interest (AER)


  • Minimum
    opening balance
  • Interest rate
    (AER)
  • Manage your
    account
  • Interest
    paid
  • Transfers in
    accepted?
  • Unlimited free
    withdrawals?

ISA FAQs

  • How do I put my money into my cash ISA?
    Answer: When you open the account, you may be asked by the provider whether you want to make an opening deposit. Some ISAs will also allow you to make additional or monthly deposits.
  • When is the deadline for putting money into a cash ISA?
    Answer: You have until 5th April 2013 to use all of your £5,640 allowance. After this point you lose any allowance you haven't used as you can't roll it over.
  • How many ISAs can I have?
    Answer: You can open only one cash ISA with one bank each tax year, but you can have different cash ISAs from different banks from previous years. Some banks will also let you transfer in previous years’ balances.

Understanding Savings Accounts

Help & Tips

How is a fixed rate ISA different to a cash ISA?

Fixed rate ISAs ask you to lock your money away for a set period- usually between 1 and 5 years. The longer you lock it away, the higher the rate of interest- but you won’t be able to access your money during this time.

The rate of interest paid on your savings is fixed for a set period- usually between 1 and 4 years. You also might not be able to withdraw your money in that time, but that varies between providers. The alternative is a variable rate ISA and the amount of interest you’ll receive on your savings varies. The amount you can pay into a fixed rate ISA and a variable ISA is the same- currently £5,340.

You may want to think about fixed rate ISAs if you have savings you won’t need for a while, and if you have previous years’ ISA balances to transfer. The risk with fixed rate ISAs is that if the Bank of England base rate soars, the amount of interest you receive won’t increase, whereas with a variable rate ISA, which tracks at a certain rate above the base rate, you’d be able to earn more interest.