Coronavirus - Get the latest updates and resources from MyWalletHero - Find out more.
Advertiser Disclosure

1 Year Fixed Rate Cash ISAs

Updated: 29th October 2020

Cash ISAs provide the advantage of tax free savings. If you’re able to put your money away for 12 months, a 1 year fixed rate cash ISA could offer you better interest rate than its easy access relatives. Note that while you can withdraw from a fixed rate cash ISA, the heavy penalties make it a good idea to avoid that unless absolutely necessary.


Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with *

 

Here are MyWalletHero’s picks for the fixed rate bonds:

Great for: Competitive fixed rate interest in a cash ISA
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £500

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax free saving
  • Competitive interest rate
  • Unlimited deposits within the first 14 days of opening

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4.5 stars question mark
Virgin money logo
  • Interest Rate (AER):

    0.60%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £1
  • Account Maximum:

    £2,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £2,000,000 across all Virgin Money accounts held
  • No upper limit for ISA transfers
  • Competitive fixed interest rate
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • No upper limit for ISA transfers
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £2,000,000 across all Virgin Money accounts held
  • No upper limit for ISA transfers
  • Competitive fixed interest rate
  • Choice of annual or monthly interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    0.60%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • Choice of monthly or annual interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • Highly competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4 stars question mark
Post Office Money logo
  • Interest Rate (AER):

    0.50%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £500
  • Account Maximum:

    No max

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance - no upper limit but you are only protected up to £85,000 under the FSCS
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Interest paid annually in March
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

what we like

  • Competitive fixed interest rate
  • No upper limit for ISA transfers
  • Tax-free savings up to the current limit of £20,000 each tax year

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance - no upper limit but you are only protected up to £85,000 under the FSCS
  • Competitive fixed interest rate
  • If you want to transfer money from an existing ISA into this account, make sure to request this during application, as later requests may be denied
  • Interest paid annually in March
  • Save up to the annual statutory limit of £20,000 each tax year
  • Withdrawals ahead of term will be subject to a loss of interest penalty

DISCLAIMER