Fixed Rate Cash ISA
Enjoy tax-free savings and peace of mind about your returns. Our Fixed Rate Cash ISAs make it simple to plan for the future.
Key features
Fixed rate
The interest rate is fixed and will not change during the term.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is compounded and is paid into your Fixed Rate Cash ISA annually and at maturity.
Adding funds
You need to deposit at least £10,000 and no more than £2 million to open the account. You can send the money in single or multiple transfers within 10 days of your application being accepted.
Withdrawals
You can't take money out or add more money during the term of the account.
Account holders
Fixed Rate Cash ISAs can only be held by one person, meaning you can't have a joint ISA account.
Maturity
We'll contact you about 14 days before your Fixed Rate Cash ISA ends to explain your options. If we don't hear from you, your balance will go into a Cash ISA Maturity Account.
Cooling off period
If you close your account within 14 days of opening it, you won't be charged, and it won't count towards your ISA tax allowance for that year. After 14 days, you'll need to withdraw the full amount and pay an early closure fee, which is detailed in your application and product terms and conditions.
If you're looking to deposit over £1 million, get in touch with us so we can discuss your options.
This account could be right for you if…
- You prefer a fixed rate so you'll know exactly how much interest you'll earn
- You want to benefit from tax-free savings
- You have a lump sum to deposit
- You want to leave your tax-free savings to grow without dipping into them
You should consider another account if…
- You want a variable interest rate that may go up or down
- You want flexibility to be able to top up or withdraw your money anytime
- You want to pay money in after the first 10 days
Additional information
AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.
Gross PA means Gross Per Annum, which shows the interest rate payable without tax deducted.
Key features
Fixed rate
The interest rate is fixed and will not change during the term.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is compounded and is paid into your Fixed Rate Cash ISA annually and at maturity.
Adding funds
You need to deposit at least £10,000 and no more than £2 million to open the account. You can send the money in single or multiple transfers within 10 days of your application being accepted.
Withdrawals
You can't take money out or add more money during the term of the account.
Account holders
Fixed Rate Cash ISAs can only be held by one person, meaning you can't have a joint ISA account.
Maturity
We'll contact you about 14 days before your Fixed Rate Cash ISA ends to explain your options. If we don't hear from you, your balance will go into a Cash ISA Maturity Account.
Cooling off period
If you close your account within 14 days of opening it, you won't be charged, and it won't count towards your ISA tax allowance for that year. After 14 days, you'll need to withdraw the full amount and pay an early closure fee, which is detailed in your application and product terms and conditions.
More information
Our savings guides
Here you will find useful information to learn more about our products and help you to choose from our range of savings accounts.
Historic interest rates
Here you will find the all interest rates we have previously offered, this may help you to find the rate for a product you currently hold with us.
Financial Services Compensation Scheme (FSCS)
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
For further information, visit www.fscs.org.uk