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1 Year Fixed Rate Cash ISAs

Updated: 4th September 2021

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.


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Great for: Competitive fixed rate ISA interest

4.5 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    0.80%
  • 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
charter savings bank logo
  • Interest Rate (AER):

    0.85%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £5,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax free saving
  • Competitive interest rate
  • Allows ISA transfers from other providers

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Competitive fixed rate interest in a cash ISA

4 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.50%
  • 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

3.5 stars question mark
Post Office Money logo
  • Interest Rate (AER):

    0.30%
  • 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