Fixed Rate ISA - 1yr and 2yrs | Royal Bank of Scotland

Fixed Rate ISA

Know in advance what your interest will earn

Apply now Manage your existing ISA
Fixed Rate ISA Tax-free savings

Our Fixed Rate ISA lets you:

  • Have a fixed interest rate on your cash ISA – 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 and additional deposits are not allowed after the Start Date. If you close your account early, it may result in an Early Closure Charge. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. This means that the total amount you receive (including interest earned on your balance) will be no less than your deposit at the Start Date.
  • The Fixed Rate ISA start date is 10 July 2017.  Up until the start date interest will be paid at the same interest rate as during your term.
  • Save up to £20,000  tax – free in your Fixed Rate ISA for the 2017/2018 tax year between 9 May - 7 July 2017 
  • Apply from 9 May - 12 June 2017. This is a limited offer and may be withdrawn at any time.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

Term Balance Interest Payable Interest rates AER/Tax-free p.a. Maturity date
1 year £1,000 - £24,999 Annually 0.70% 10 July 2018
1 year £25,000 + Annually 0.75% 10 July 2018
2 year £1,000 - £24,999 Annually 0.80% 10 July 2019
2 year £25,000 + Annually 0.85% 10 July 2019

Interest is calculated daily and paid annually into your ISA on the first business day in April and upon maturity.

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.

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