Click on the name of the bank or building society for further information about the account.
Five-Year Fixed Rate Cash ISA
Cash ISAs have been a popular option for savers now for nearly two decades, however they have been recently overhauled and are not even more attractive to savers.
Savers can now transfer money from a Stocks & Shares ISA to a Cash ISA.
It is also possible to transfer money from one Cash ISA to another, generally to get a better rate of interest.
Taking out a five-year fixed rate Cash ISA will mean the interest is fixed for the entire five years, giving you certainty. However, if interest rates were to rise during that period, as expected, you might be left in an uncompetitive account, which you can’t get out of.
Five-year Fixed Rate Cash ISAs are available from banks and building societies, either in a branch, by post, over the telephone or online. You will generally have a choice to have your interest paid away to a separate account each month, or added to your capital and paid back to you at maturity.