Fixed Rate ISA

Know in advance what your tax-free savings will earn

Apply now

Time is running out to make the most of your 2014/2015 cash ISA allowance of up to £15,000.

The tax year ends on Sunday 5th April and you will need to act before this date if wishing to open a cash ISA for 2014/2015 tax year.

For key dates, please see ‘Important Information’ on the screen that appears after you click ‘Apply now’

Fixed Rate ISA

Tax-free savings

Our Fixed Rate ISA lets you:

  • Have a fixed rate of interest – so you know in advance what your savings will earn
  • Choose a term that suit you – either one or two years
  • Keep all the interest - which helps your savings grow faster
  • Transfers inbring all your ISAs together in one place

What you should know:
  • Minimum Deposit £1,000
  • Partial withdrawals not allowed. Early closure will result in an early closure charge equivalent to: 90 days' Tax-free interest for our 1 year Fixed Rate ISA and 180 days' Tax-free interest for our 2 year Fixed Rate ISA
  • The Fixed Rate ISA start date is 18th May 2015.  Up until the start date interest will be paid at the same interest rate as during your term.
  • Save up to £15,000 Tax-free in your Fixed Rate ISA for the 2014/2015 tax year between 17th March – 5th April 2015 and save up to £15,240 Tax-free in your Fixed Rate ISA for 2015/2016 tax year between 6th April – 15th May 2015. 
  • Apply from 17th March - 13th April 2015 this is a limited offer and may be withdrawn at any time.

Please note: You will need your National Insurance number during the application.

Apply now

Our current range of Fixed Rate ISAs


Interest Payable

Interest rates
AER/Tax-free p.a.

Maturity date

1 year Annually 1.25% 18 May '16
2 year Annually 1.50% 18 May '17


Tax-free interest means interest payable is exempt from UK income tax

Annual Equivalent Rate (AER) – this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Important information

Please read before you apply

These useful documents contain everything you need to know about our Fixed Rate ISA.

Got an existing RBS Fixed Rate ISA?

Manage your existing Fixed Rate ISA and much more

From checking historic account rates, to getting started with digital banking, you'll find everything you need to manage your account here.

More on managing your Fixed Rate ISA

Need more help?

Want to know more about cash ISAs?

Our practical guides, explanatory videos and simple FAQs will give you the information you need.

Getting started with an ISA

Got a question?

Helpful Banking

Protecting your money

Your eligible deposits with RBS are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. This limit is applied to the total of any deposits you have with the following: The Royal Bank of Scotland, Direct Line, the One Account, Child & Co, Drummonds and Holt's. Any total deposits you hold above the £85,000 limit between these brands are not covered.

Further information is available here or visit www.fscs.org.uk.

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