To apply you must meet all of the following:

• You live in the UK
• You're aged 18 or over
• You're applying for a personal savings account, not on behalf of a business
• You're paying in between £10,000 and £2 million per account and won't need access to your money during the term of the account
• You have a valid email address and at least one valid UK phone number
• You're able to send your full deposit or ISA transfer instruction within 10 days (if this window is missed, you will need to reapply for the new terms and interest rates available at the time).

Because you're applying for an ISA account you must also:

• Be a UK tax resident. Crown employees overseas or their spouse/civil partner can also apply
• Hold a valid National Insurance number
• Pay in no more than £20,000 total for this tax year and any other ISAs you may hold. This tax year runs from 6 April 2025 to 5 April 2026.

What is the interest rate?

Interest earned is calculated daily and paid yearly and at the end of the term into your Fixed Rate Cash ISA account. Interest is compounded, meaning it is calculated on both the initial deposit and any interest previously earned.

*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.

Can Close Brothers Savings change the interest rate?

No, the interest rate is fixed and won't change during the term.

We'll pay the advertised interest rate if your full deposit or ISA transfer instruction is received within 10 days  (if this window is missed, you may need to reapply for the new terms and interest rates available at the time).

Interest begins to add up once your cleared payment is received. Interest is paid into your Fixed Rate Cash ISA annually and at maturity.

What would the estimated balance be after 12 months based on £10,000 deposit?

This example assumes:

• You deposit money when you open the account
• You don't add more money
• You don't withdraw any money
• The interest rate doesn't change.

Please note: Individual circumstances are not considered.

How do I open and manage my account?

Opening the account

To apply you must meet all of the following:

• You live in the UK
• You're aged 18 or over
• You're applying for a personal savings account, not on behalf of a business
• You're paying in between £10,000 and £2 million and won't need access to funds during the term of the account
• You have a valid email address and at least one valid UK phone number
• You're able to send your full deposit or ISA transfer instruction within 10 days (if this window is missed, you will need to reapply for the new terms and interest rates available at the time).

Because you're applying for an ISA account you must also:

• Be a UK tax resident. Crown employees overseas or their spouse/civil partner can also apply
• Hold a valid National Insurance number
• Pay in no more than £20,000 total for this tax year and any other ISAs you may hold. This tax year runs from 6 April 2025 to 5 April 2026.

You can send us your money by cheque or electronic transfer from your bank. To transfer from another ISA manager, submit an ISA Transfer Authority Form. If transferring this year's allowance, you must transfer the full amount. Previous years' allowances can also be transferred, up to £2,000,000.

Managing the account

Managing your account is easy, simply log in to your online account and submit a secure message, call or write to us.
 

Can I withdraw money?

If you close your account within 14 days of opening it, you can withdraw your money, and it won't count towards your ISA tax allowance for that year. There will be no charge.

After 14 days, you'll need to withdraw the full amount and pay an early closure fee, which is detailed in your application. For more information please see clause 10 of the Product Terms and Conditions. If the interest earned doesn't cover the fee, you might get back less than you deposited.

What happens at maturity?

We'll contact you about 14 days before the term ends to explain your maturity options.

If you don't tell us what to do, your money will be transferred into a Cash ISA Maturity Account paying a variable rate. Please note the interest rate applied to this account is likely to be lower than other product offerings. Details will be in your maturity options letter. 
 

Additional information

Cooling off period

You have 14 days to change your mind after opening the account. If you close it within this period, you won't be charged, and it won't count towards your ISA tax allowance for the year.  Interest will not be paid if the account is cancelled during the cooling-off period. For more details, check your Product Terms and Conditions.

Non-flexible ISA

This Cash ISA isn't flexible. If you withdraw money, you might not be able to put it back in if it exceeds the annual Cash ISA limit for that tax year.

Tax information

Interest on ISAs is paid without tax deducted. How it's taxed depends on your personal situation and may change in the future.

Key documents

It's important you take time to download and review the key product information, and terms and conditions for this account before applying.