Best fixed rate cash ISAs – earn up to 4.22%
We look at the best fixed rate cash ISAs on the market right now for savers who are willing to lock their cash away for guaranteed tax-free gains
Oojal Dhanjal
ISAs are some of the best savings vehicles you can use in the UK, as they allow for up to £20,000 of tax-free savings a year.
With a multitude of ISA reforms in the Autumn Budget, it might be a good idea to secure favourable rates now by locking your savings away into a fixed rate cash ISA.
However, make sure that you’re getting a good deal on your interest rate and that it is above inflation; otherwise, you’ll be losing money in real terms.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Best 1 year fixed rate cash ISAs
If you’re willing to lock away your money for one year without withdrawing any of it, you could grow your savings by up to 4.2%.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.2% | £1,000 | Open online | |
4.2% | £1,000 | Open online | |
Chetwood Bank HL Active Savings - 1 Year Fixed Rate Cash ISA | 4.16% | £1,000 | Open online |
4.14% | £1,000 | Open online |
Best cash ISAs up to 18 months
If you are after an account that keeps your money growing for up to 18 months, you can earn up to 4.03% using one of the following savers.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.03% | £1 | Open online, in person, via post or over the phone | |
4% | £5,000 | Open online | |
4% | £1,000 | Open online or in person | |
4% | £1 | Open online or in person |
Best 2 year cash ISAs
Two-year fixed rate ISAs are a good option for people who want to grow their money in the medium term without worrying about micro-managing their savings. Savers can earn up to 4.15%.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.15% | £1,000 | Open online | |
4.1% | £10,000 | Open online | |
4.06% | £1,000 | Open online | |
4.05% | £500 | Open online |
Best 3 year fixed rate ISAs
Savers who are willing to lock their cash away for three years can access interest rates of up to 4.15% by using one of the following savings accounts.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.15% | £1,000 | Open online | |
4.15% | £500 | Open in person | |
4.07% | £10,000 | Open online | |
4.08% | £1,000 | Open online |
Best 4 year fixed rate ISAs
If you’re putting away your money for four years, then you can get just under 4% returns using one of the following accounts.
However, it is worth bearing in mind that if you are willing to keep your money in savings for an extra year, you can access a higher interest rate of 4.22%.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
3.91% | £2,000 | Open online, in person or via post | |
3.9% | £5,000 | Open online | |
3.8% | £1 | Open via the Zopa App | |
3.6% | £1,000 | Open online |
Best 5 year fixed rate ISAs
A five-year fixed-rate ISA is a good option for long-term savers who are trying to save towards a financial goal in the future.
The following accounts allow for up to 4.22% returns on your savings.
Account | AER | Minimum investment | Notes |
|---|---|---|---|
4.22% | £1,000 | Open online | |
4.22% | £1 | Open in person | |
4.21% | £10,000 | Open online | |
4.13% | £2,000 | Open online, in person or via post |
-
What the government’s baby boomer retirement data says about the future of pensionsA study of the retirement routes of people born in 1958 paints a worrying picture for people’s pension savings
-
An experienced investor’s end of tax year checklistThe clock is ticking down before the end of the 2025/26 tax year, when any tax-free savings and investment allowances are lost. For experienced investors, though, the deadline for some tax-saving schemes is even earlier.
-
Brits leave £31.6 billion in savings accounts paying 1% interest or less – do you need to switch?Eight million Brits hold money in savings accounts that pay 1% interest or less, meaning the value of their cash is being eroded by inflation.
-
Buying vs renting: is is better to own or rent your home?The higher mortgage rates of recent years have actually made renting comparatively cheaper, analysis suggests. But there are hidden costs to long term renting.
-
Hargreaves Lansdown launches first cash ISA – how does it compare?Hargreaves Lansdown is offering an own brand cash ISA for the first time with their new easy-access account. How does the interest rate compare to other products?
-
Is Britain heading for a big debt crisis?Opinion Things are not yet as bad as some reports have claimed. But they sure aren’t rosy either, says Julian Jessop
-
‘My NS&I one-year British Savings Bond is maturing – what should I do with my savings?Thousands of savers will see their fixed-rate savings accounts mature next month. We consider whether you should stick with NS&I or move to a competitor
-
How to pay in a chequeReceiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
‘Current account coasters’ are leaving billions of pounds languishing in low interest accountsThe average saver with £10,000 or more in their zero interest current account is missing out on over £1,500 in potential interest payments, new research has revealed.
-
Best inflation-beating savings accounts to make your money work hardInflation eased in January, but it’s still above the Bank of England’s 2% target. We list some of the top savings accounts in terms of rates, where your money will grow in real terms.
