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Best Fixed Cash ISA Rates

Fixed Rate Cash ISAs are a great choice if you're interested in taking full advantage of your 2024/25 ISA allowance and have enough spare money to lock away for one to five years.

Fixed Rate Cash ISAs may offer higher interest rates than Instant Access ISAs. View today's best rates below.

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Browse Fixed Rate ISA Terms

Best Fixed Cash ISA Rates

Best Fixed Cash ISA Rates

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We found 190 products in total, of which 26 have links to providers.

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Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting ‘Rate’ will change the chart to list all products in rate order. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

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  • Shawbrook Bank 1 Year Fixed Rate Cash ISA Bond Issue 96
    AER
    4.77%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    Go To Provider's Site
    AER
    4.77%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • UBL UK 1 Year Fixed Rate Cash ISA
    AER
    4.77%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Paragon Bank 1 Year Fixed Rate Cash ISA
    AER
    4.76%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.76%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • United Trust Bank Cash ISA 1 Year Bond
    AER
    4.75%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Charter Savings Bank 1 Year Fixed Rate Cash ISA
    AER
    4.73%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.73%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Aldermore 1 Year Fixed Rate Cash ISA
    AER
    4.72%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    Go To Provider's Site
    AER
    4.72%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Kent Reliance Cash ISA 1 Year Fixed Rate - Issue 97
    AER
    4.70%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    Go To Provider's Site
    AER
    4.70%
    Account Type
    Cash ISA
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Shawbrook Bank 2 Year Fixed Rate Cash ISA Bond Issue 85
    AER
    4.63%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Anniversary
    Further Options ˅
    Go To Provider's Site
    AER
    4.63%
    Account Type
    Cash ISA
    Term
    2 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • Leeds BS 1 Year Fixed Rate Cash ISA (Issue 204)
    AER
    4.60%
    Account Type
    Cash ISA
    Term
    30.06.25
    Interest Paid
    On Maturity
    Go To Provider's Site
  • NatWest 1 Year Fixed Rate ISA Issue 346
    AER
    4.60%
    Account Type
    Cash ISA
    Term
    02.07.25
    Interest Paid
    Yearly
    Go To Provider's Site
Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

Fixed rate ISAs explained

How does a fixed rate cash ISA work?

With a fixed rate cash ISA, your funds are locked away for a set period of time and, in return, you’ll receive a fixed rate of interest. This means the interest rate is guaranteed to remain the same throughout the term, regardless of any changes in market conditions.

Fixed rate vs easy access cash ISAs

Fixed rate and easy access cash ISAs both come with their own sets of advantages and disadvantages; the right account for you will depend on your needs, circumstances and savings goals: 

  Pros Cons
Fixed rate cash ISAs
  • Offer a guaranteed interest rate
  • Typically offer higher interest rates in return for locking away your funds*
  • Don’t permit withdrawals
  • Can impose a loss of interest penalty and/or account closure to gain early access to your funds
  • May limit further additions to your pot

 

Easy access cash ISAs
  • Allow instant access to your cash
  • Offer variable returns, meaning the interest rate could decrease
  • Some impose restrictions on the number of penalty-free withdrawals you can make per year

 

 

*Recent economic volatility has resulted in the gap between fixed and variable rates narrowing. Some fixed accounts are currently offering lower rates than their easy access and notice counterparts due to uncertainty surrounding the future of the savings market.

Locking in a competitive rate with a fixed rate cash ISA may be a good idea if you think interest rates are going to drop. Equally, you may want to consider a fixed rate cash ISA if you’re saving towards a long-term goal and won’t need access to your cash beforehand.

 

For how long should I fix for?

Before settling on a fixed term, you’ll want to assess current market conditions as well as your own savings goals.

If you think interest rates will rise in the near future, you may choose a shorter fixed rate cash ISA of one year or less. Alternatively, if you think interest rates are likely to drop, you may want to lock in a competitive rate for as long as possible.

Learn more about 4 year fixed rate ISAs and 5 year fixed rate ISAs

 

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What happens if I need to withdraw before the end of the term?

If you know you’ll need to make regular withdrawals from your savings, a fixed rate cash ISA may not be the best account for you. Instead, you may want to consider an easy access cash ISA or a notice cash ISA.

While most fixed rate cash ISAs prohibit making withdrawals, some will allow you to gain early access subject to a loss of interest penalty and/or account closure.

Alternatively, all ISAs must allow you to transfer your ISA funds to another provider, although this will also usually incur a penalty in the case of fixed rate ISAs.

You can find out if an account permits early access, and any penalties involved, by viewing ‘further details’ on our charts.

What happens to a fixed rate ISA when someone dies?

If the holder dies before the fixed ISA matures then it will no longer qualify as an ISA from the date of death. Any beneficiaries from the account-holder’s estate will not be able to access the funds until either their executor closes it or the administration of their estate is completed.

While there will be no Income Tax or Capital Gains Tax payable up to that date the ISA will form part of your estate for the purposes of Inheritance Tax.

If you are survived by a spouse or civil partner then they can inherit your fixed rate ISA and retain the tax benefits, but this must be done within three years of the holder’s death.

Image of Ella Mower

Ella Mower

Senior Content Writer

ISA guides

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How to transfer an ISA

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Are you looking to move or transfer the funds in your ISA? Find out everything you need to know about ISA transfers with our complete guide.

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The rules on inheriting ISAs

Did you know that you can inherit your spouse's/civil partner's ISA savings? This guide explains the rules on inheriting ISAs and the important things you need to know.

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Should I invest in an ISA or my pension?

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What is the 2024/25 ISA allowance?
...and how does it work?

Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.

Find out the ISA rules and limits for the 2024/25 tax-year, and how they may impact your savings.

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ISA News

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The best cash ISA rates this week

28th May 2024

Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.

Over 500 ISAs now surpass inflation, as leading rates remain unchanged.

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UK inflation falls to a near three-year low of 2.3%

22nd May 2024

Despite the significant drop, figures are higher than economists expected, casting doubt over an imminent cut to interest rates.

Despite the significant drop, figures are higher than economists expected, casting doubt over an imminent cut to interest rates.

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More choice for savers as number of cash ISAs rises to near six-month high

19th April 2024

Savers seeking tax-free returns on their hard-earned cash are spoiled for choice as the number of ISAs available rises to a near six-month high.

Savers seeking tax-free returns on their hard-earned cash are spoiled for choice as the number of ISAs available rises to a near six-month high.

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Plum launches market-leading easy access ISA

20th March 2024

Plum’s newly launched Cash ISA pays a market-leading rate of 5.15% AER on balances over £100. Find out more details here.

Plum’s newly launched Cash ISA pays a market-leading rate of 5.15% AER on balances over £100.

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February inflation at lowest level in over two years

20th March 2024

The rate of inflation slowed to 3.4% in February 2024, the lowest it’s been since September 2021. Find out what this means for your savings.

The rate of inflation slowed to 3.4% in February 2024, the lowest it’s been since September 2021.

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Cash ISAs outperform stocks & shares ISAs

27th February 2024

Average cash ISA returns beat the average stocks & shares ISA performance over the past two years. Find out how these ISAs compare.

Average cash ISA returns beat the average stocks & shares ISA performance over the past two years.

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One-year fixed bonds outperforming longer-term fixes

20th February 2024

As average fixed savings rates fall, one-year fixed bonds and ISAs have been outperforming longer-term deals.

As average fixed savings rates fall, one-year fixed bonds and ISAs have been outperforming longer-term deals.

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Falling food prices see UK inflation unexpectedly hold at 4%

14th February 2024

The rate of UK inflation held at 4% in the year to January, revealed today’s release from the Office for National Statistics (ONS), following an unexpected uptick the previous month.

The rate of UK inflation held at 4% in the year to January, revealed today’s release from the Office for National Statistics (ONS).

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Fixed savings rates experience largest monthly drop since 2009

26th January 2024

Despite the fall, those now exiting a fixed deal will find average savings rates are higher than at the start of 2023.

Despite the fall, those now exiting a fixed deal will find average savings rates are higher than at the start of 2023.

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Fixed bonds paying 6% or more disappear from savings market

10th November 2023

While it’s no longer possible to find a fixed bond paying 6.00% AER, savers shouldn’t feel disheartened. We provide some alternative options to consider.

This is the first time since June of this year there are no fixed bonds offering a rate of 6.00% AER or more.

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Average rate for a longer-term fixed bond falls for first time in over six months

20th October 2023

The average rate paid by a fixed bond with a term over 550 days dropped to 5.11% at the start of October, according to Moneyfacts’ data. This is the first time this rate has fallen since March 2023.

This is the first time average rates have fallen in this sector since March 2023.

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Inflation holds at 6.7% despite falling food prices

18th October 2023

Rising fuel prices largely responsible for sustained, elevated inflation despite food prices falling for the first time since September 2021

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Bank of England keeps base rate unchanged for first time in almost two years

21st September 2023

The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base rate at 5.25% today - the first time in almost two years the MPC have opted to keep borrowing costs unchanged.

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UK inflation falls to 17-month low

16th August 2023

Food prices are rising at a slower pace, while a fall in energy costs also contributed towards this month’s decline.

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Average one-year fixed cash ISA rate hits 5%

1st August 2023

The last time this rate was higher was November 2008.

The last time this rate was higher was November 2008.

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Nationwide, Santander, TSB and Virgin Money defend savings rates

14th June 2023

Four high street providers, Nationwide, Santander, TSB and Virgin Money, all defended their savings rates in letters published last week. This follows correspondence from the Treasury Committee in May which criticised the banks and building societies for seemingly failing to pass increases to the Bank of England base rate on to savers.

Their responses cite current accounts and fixed products as higher-rate alternatives.

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