Best ISA Fixed Rates

Fixed rate cash ISAs tend to pay higher rates of interest than easy access or notice ISAs, and unlike with a variable rate account, the interest rate cannot change during the fixed term.

It is essential that you consider whether you can commit your money for the full term, as early access will usually result in a hefty penalty and sometimes also may result in closure of the account. That being said, even if you need to withdraw early, fixed rate ISA’s can still make you money. It is a good idea to check the terms and conditions before you commit.

You can hold more than one cash ISA at a time, but you can't open more than one per tax year. It is possible to transfer funds from previous years without limit and the tax advantages will depend on your individual circumstances and may be subject to change.

You'll want to pick the term of your ISA based on when you may want access again. If you think rates will rise in the near future, you may want to go for a one-year ISA, whereas if rates are likely to go down, you’ll want to secure your rate for as long as possible.

Our Picks For Fixed Rate Cash ISA’s

Easy Access ISA:

Tipton and Coseley Building Society – 0.5%

Fixed ISAs with access:

Shawbrook Bank – 0.6% for one year.

Close Brothers – 0.7% for two years