1 Year Fixed Rate Cash ISA

With this cash ISA you can enjoy the peace of mind of a fixed interest rate for one year.

Read the summary box before applying

Who this account is for

You can apply if you:

  • are 18 or over
  • are a UK resident for tax purposes
  • have £3,000 or more to save
  • have a National Insurance number.

If you’ve already saved into a cash ISA this tax year with us, you’ll need to complete an ISA transfer. ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.

The benefits

  • Earn 4.00% AER/tax-free fixed interest for one year.
  • A fixed interest rate, so it won't change during the term.
  • You can select to have your interest paid monthly or annually.

How it works

  • Open with £3,000 or more. You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
  • You can withdraw money from this account but you'll be charged the equivalent of 90 days' tax-free interest.
  • After one year, your account will change to an Instant Cash ISA. 

Summary box for the 1 Year Fixed Rate Cash ISA

  • 4.00% AER/tax-free fixed interest on balances of £1 or more for one year from account opening when interest is paid annually.

    4.00% AER/3.93% tax-free fixed interest on balances of £1 or more for one year when interest is paid monthly.

    You can choose to have your interest paid annually or monthly.

  • No. This account has a fixed rate of interest so the rate won't change during the term.

  • For example, if you deposit £3,000.00 when you open the account, after 24 months you'll have a balance of £3,120.00 after interest is paid.

    This assumes:

    • interest is paid every 12 months after you open the account
    • you make your deposit on the day you open the account and you don't add more money after that
    • you don’t withdraw any money or interest.

  • You can open and manage this account:

    • online
    • on our app
    • in branch
    • by phone.

    Things to keep in mind:

    • You must be aged 18 or over, a UK resident for tax purposes and have a National Insurance number.
    • You need to open the account with £3,000 or more.
    • You must not have already saved in a cash ISA this tax year with us, unless you're going to complete an ISA transfer. This includes Help to Buy: ISAs and cash ISAs with other banks.
    • You need to open the account in your sole name. Cash ISAs can't be joint.
    • You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.

  • You can withdraw money from this account but you'll be charged. You’ll be charged the equivalent of 90 days’ tax-free interest to make withdrawals, close your account early or transfer money to another ISA. This means you may get back less than you put in.

    Any money you move into an account that isn't an ISA will lose its tax-free status. Tax treatment depends on your individual circumstances and may change in the future.

    If you change your mind, you can cancel the account free of charge within 14 days of opening.

    After one year, your account will change to an Instant Cash ISA. Before this happens, we’ll contact you to explain your options and next steps.

  • Savings terms explained

    Tax-free

    This means you won't pay income tax on your interest.

    AER

    AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account that shows an interest rate, you'll see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.

    For more definitions, view our glossary.

Open a 1 Year Fixed Rate Cash ISA

Read the summary box and the terms and conditions (PDF, 47KB) before you start.

 

It's simple in our app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings then 1 Year Fixed Rate Cash ISA.

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account


ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.

We’re making some changes to our conditions on 02 June 2025. For details, see our guide to changes (PDF, 80KB).

It's simple in our app

You must be registered for online banking to apply in the app.

Once you’re in, select Apply, Savings, then 1 Year Fixed Rate Cash ISA.

Get the app

Apply online

Whether you're an existing customer or not, you can apply on our website.

Open account


ISA rules allow you to pay into more than one cash ISA in each tax year, but we only let you pay into one cash ISA with us.

We’re making some changes to our conditions on 02 June 2025. For details, please see our guide to changes (PDF, 80KB).

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ISAs explained

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Protecting your money

FSCS logo

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

FSCS logo

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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Browse our latest savings account offers, including options helping you to make the most of your annual ISA allowance.

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Browse our latest savings account offers, including options helping you to make the most of your annual ISA allowance.

View our savings accounts