2017 Guide: Best Fixed Rate ISAs – Ranking and Comparison
by AdvisoryHQ
2020-06-05T13:55:58-04:00
2017 Guide: Best Fixed Rate ISAs – Ranking and Comparison
Following up on our recently posted review of the best Individual Savings Account (ISA) rates in the UK, AdvisoryHQ News has published the below list and comparison ranking of the best-fixed rate ISAs that are available to UK residents.
The information in each table has been sorted based on the best fixed 1-year ISA, 2-year ISA, 3-year ISA, and 5-year ISA rates available for long-term ISA products.
Click on any of the links below for information and a ranking of other types of ISAs.
In the table below, we provide a ranking comparison of the top 3- to 5-year fixed rate ISA accounts.
Sorted by highest to lowest rates
Bank
Acct Name
Rate
Details – Best 3- to 5-Year Fixed Rate ISAs
Halifax
ISA Saver Fixed – 5 year
2.15%
Open this 5-year fixed term ISA account with a minimum of £500.
Deposits and transfers should be made within 60 days of opening the ISA account.
Interest is paid monthly.
Options for interest payments include paying into an ISA account or paying it into an account with other institutions.
Should you decide to cancel the account, you may do so without penalties within 14 days of opening the account. You’ll also receive interest for the duration your money was invested at the bank.
At the end of the duration, your fixed term ISA account will automatically change into an Instant ISA saver, which will pay you 0.25% tax-free/AER variable.
Nationwide
3 year Fixed Rate ISA
2.00%
Open this 3-year ISA account with a minimum of £1.
Open and manage this fixed term ISA account via mobile banking, online or at a branch.
Earn 2.00% interest annually or monthly interest of 1.97% (1.95% tax-free).
The best ISA fixed rates are guaranteed for the entire duration.
You have the ability to transfer lump sums from an existing ISA to maximize your ISA allowance for 2015/16.
Lloyds Bank
3 Year Fixed Rate Cash ISA
1.75%
You can open this 3-year fixed rate ISA account with £3,000.
Earn interest monthly or annually on balances over £1.
Earn 1.75% annually (1.74% tax-free monthly) on balances of £40,000+.
Balances of £1–£39,999 will earn 1.25% annually (1.24% tax-free monthly).
Manage this ISA account by visiting a branch, through online banking or via PhoneBank®.
At the end of the term, the account will auto-convert to an Instant Cash ISA which currently pays 0.25% tax-free/AER variable.
Get ready access to your money (in case of an emergency) by forfeiting applicable interest.
Transfer your previous years’ subscriptions and make additional deposits up to your annual ISA allowance for 2015.
TSB
3 Year Fixed Rate Cash ISA
1.75%
This 3-year fixed term ISA account can be opened online.
Open your account with a minimum of £3,000.
Additional deposits are permitted subject to your personal ISA limit for 2015–2016.
Interest is calculated daily and paid annually on balances starting at £1+.
Interest is guaranteed for the duration of this fixed term ISA.
You’ll receive a notification of when your fixed term ISA is about to mature.
The account is auto-converted to a Cash ISA Saver upon maturity, which presently pays 0.20% tax-free/AER.
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Best 2-Year Fixed Rate ISA Accounts
Nationwide provides the highest paying 2-year fixed rate ISA account on our list of the best 2-year fixed rate ISAs. This account pays a 1.80% AER, with an account opening minimum balance of just £1.
The next best 2-year fixed rate ISA account is the 2 Year Flexible Cash ISA – Issue 8 account provided by Barclays, which offers 1.75% AER.
Sorted by highest to lowest rates
Bank
Acct Name
Rate
Details
Nationwide
2 year Fixed Rate ISA
1.80%
Open the account with a minimum of £1.
Open and manage this fixed term ISA account at a branch, online or via a mobile banking app.
Choose to have interest paid annually or monthly.
Earn an annual interest of 1.80% AER/tax-free (1.76% AER/1.75% tax-free monthly).
This account is ideal for transferring lump sums from a current ISA account.
Transfer money from an account with another provider.
Barclays
2 Year Flexible Cash ISA – Issue 8
1.75%
Open an account with as little as £1.
Leverage the best ISA rates for transfers by opening with £0 when transferring money from other ISA accounts or providers.
You can transfer the full balance out to another institution if you wish – charges/loss of interest may occur.
You may also close your ISA account prior to term expiry – charges/loss of interest may occur.
Interest rates are guaranteed for the duration of the term.
Withdraw up to 30% of the balance, in 3 instalments of up to 10% each.
Lloyds Bank
2 Year Fixed Rate Cash ISA
1.50%
Open your fixed term ISA account with £3,000.
Earn interest either monthly or annually on balances over £1.
With this best fixed rate ISA, you’ll earn 1.50% annually (1.49% tax-free monthly) on balances of £40,000+.
Balances of £1–£39,999 will earn 1.00% annually/monthly.
Manage your ISA account by visiting a branch, through online banking or via PhoneBank®.
At the end of the term, the account will auto-convert to an Instant Cash ISA which currently pays 0.25% tax-free/AER variable.
Get immediate access to your money (in case of an emergency) by forfeiting applicable interest.
Transfer your previous years’ subscriptions and make additional deposits up to your ISA limit for 2015.
TSB
2 Year Fixed Rate Cash ISA
1.50%
This fixed term ISA account can be opened online.
Open an account with a minimum of £3,000.
Additional deposits are permitted subject to your personal ISA allowance for 2015/16.
Interest is calculated daily and paid annually on balances starting at £1+.
Interest is guaranteed for the duration of the term.
You’ll receive notification of when your fixed term ISA is about to mature.
The account is auto-converted to a Cash ISA Saver upon maturity which presently pays 0.20% tax-free/AER.
Halifax
ISA Saver Fixed – 2 year
1.50%
Open this fixed term ISA account with a minimum of £500.
Deposits and transfers should be made within 60 days of the account opening.
Interest is calculated using the best ISA rates available and paid monthly.
Options for interest payment include payment into an ISA account or into an account with other institutions.
Should you decide to cancel the account, you may do so without penalties within 14 days of opening the account. You’ll also receive interest for the duration that your money was invested at the bank.
At the end of the term, your fixed term ISA account will automatically change into an Instant ISA saver, which will pay you 0.25% tax-free/AER variable.
Santander
2 Year Fixed Rate ISA for 1|2|3 …
1.35%
This product offers some of the best ISA rates that include a premium 1.35% rate for 1|2|3 World or Santander Select customers.
Any UK resident aged 16+ can open an account.
The best ISA rates are guaranteed for the full duration of the term.
Start saving with a minimum of £500.
Opening balances can be zero if you open the account by transferring in from an existing account with balances of at least £500.
Manage your fixed term ISA account in-branch, on the go using mobile apps or via telephone banking.
In the event that you do need to close the account (due to unforeseen circumstances), you may do so – an appropriate penalty will apply.
Upon maturity of this fixed term ISA, your account will convert into an ISA Saver.
NatWest
2 Year Fixed Rate ISA
1.30%
Open an account with a minimum of £1,000.
Earn 1.30% AER/tax-free over the duration of the term on balances of £25,000+.
Balances between £1,000 and £24,999 will earn 1.25% AER/tax-free.
Allows you to benefit from the best ISA transfer rates by moving ISAs from other providers.
This product matures on 14 Dec 2017.
RBS
2 Year Fixed Rate ISA
1.25%
This fixed term ISA account can be opened with a minimum of £1,000.
Earn 1.25% AER/tax-free over the duration of the term on balances of £25,000+.
Balances between £1,000 and £24,999 will earn 1.15% AER/tax-free.
Benefit from the best ISA transfer rates by moving ISAs from other providers.
This product matures on 11 Jan 2018.
Santander
2 Year Fixed Rate ISA
1.10%
Any UK resident aged 16+ can open this fixed term ISA account.
The best fixed ISA rates are guaranteed for the full duration of the term.
Start saving with a minimum of £500.
Opening balances can be zero if you open the account by transferring in from an existing account with balances of at least £500.
Manage your account in-branch, on the go using mobile apps or via telephone banking.
In the event that you do need to close your ISA account (due to unforeseen circumstances), you may do so – an appropriate penalty will apply.
Upon maturity of the term, your account will convert into an ISA Saver.
Comparison of the Best 1-Year Fixed Rate ISA Accounts
For UK consumers that are interested in a much shorter fixed rate ISA account, the 1-year fixed term ISA accounts presented below offer some of the highest yielding 1-year ISA rates.
Nationwide provides the highest paying 1-year fixed rate ISA account on our list of the best 1-year fixed term ISAs. This account pays a 1.60% AER, and it comes with an account opening minimum balance of just £1.
The next best 1-year fixed term ISA account is NatWest’s 1 Year Fixed Rate ISA which yields a 1.20% AER.
Bank
Acct Name
Rate
Details (Best 1-Year Fixed Rate ISA Accounts)
Nationwide
1 year Fixed Rate ISA
1.65%
Open the account with a minimum of £1.
Open and manage your fixed term ISA account at a branch, online or via mobile banking app.
Choose to have interest paid annually or monthly.
Earn annual interest of 1.65% AER/tax-free (1.61% AER/1.60% tax-free monthly).
Ideal for ISA transfer transactions involving moving lump sums from a current ISA.
Easy to transfer money from an ISA account at another provider.
NatWest
1 Year Fixed Rate ISA
1.20%
This fixed term ISA account may be opened with a minimum of £1,000.
Earn 1.20% AER/tax-free over the duration of the term on balances of £25,000+.
Balances between £1,000 and £24,999 will earn 1.10% AER/tax-free.
This account allows you to transfer in ISAs from other providers.
This product matures on 14 Dec 2016.
Halifax
ISA Saver Fixed – 1 year
1.15%
Open your ISA account with a minimum of £500.
Deposits and transfers should be made within 60 days of the account opening.
Interest is calculated daily using some of the best ISA rates offered and paid monthly.
Options for interest payment include payment into an ISA account or depositing it into an account with other institutions.
Should you decide to cancel your fixed term ISA account, you may do so without penalties within 14 days of opening the account. You’ll also receive interest for the duration your money was invested at the bank.
At the end of the term, your account will automatically change into an Instant ISA saver, which will pay you 0.25% tax-free/AER variable.
RBS
1 Year Fixed Rate ISA
1.00%
Open this ISA account with a minimum of £1,000.
Earn 1.00% AER/tax-free over the duration of the term on balances of £25,000+.
Balances between £1,000 and £24,999 will earn 0.90% AER/tax-free.
This account allows you to transfer in ISAs from other providers.
This product matures on 11 Jan 2017.
Please review our ISA disclaimer page for the rates and accounts presented in this article.
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.
