2 Year Fixed Rate Cash ISA
With this cash ISA, you can enjoy the peace of mind of a fixed interest rate for 2 years.
Read the summary box and the terms and conditions (PDF, 47KB) before you start.
Features and benefits
Cash ISA transfer offer
Earn up to £1,200
Earn £150 for every £25,000 you transfer into a new or existing adult cash ISA with us by 31 May 2026. Transfer £200,000 or more and you’ll pocket £1,200 cashback.
Let's break it down
Summary box for the 2 Year Fixed Rate Cash ISA
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4.50% AER/tax-free fixed interest on balances of £1 or more for 2 years from account opening when interest is paid annually.
4.50% AER/4.41% tax-free fixed interest on balances of £1 or more for 2 years when interest is paid monthly.
You can choose to have your interest paid annually or monthly.
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No. This account has a fixed rate of interest so the rate won't change during the term.
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For example, if you deposit £1,000.00 when you open the account, after 24 months you will have a balance of £1,092.02 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.
- interest is paid every 12 months after you open the account
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This account can be opened and managed:
- online
- on our app
- in branch
- by phone.
Things to keep in mind:
- You must be 18 or over, a UK resident for tax purposes and have a national insurance number.
- You need to deposit £500 or more within 30 days of opening the account. After the 30 days are up, you won’t be able to make any more deposits.
- 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 cannot be joint.
- You can pay up to £20,000 into a combination of permitted ISAs this tax year. Read more about ISA limits.
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You can’t withdraw, but you can close the account early. It's important to note that if you close your account or transfer money to another ISA you’ll lose 180 days’ tax free interest, so you might get back less than you originally deposited.
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 2 years, your account will change to an Instant Cash ISA. Before this happens, we’ll contact you to explain your options and next steps.
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Open a 2 Year Fixed Rate Cash ISA
Read the summary box and the terms and conditions (PDF, 47KB) before you start.
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If you’d prefer to speak to someone, call us.
ISA rules allow you to pay into more than 1 cash ISA in each tax year, but we only let you pay into 1 cash ISA with us.
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