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Fixed Rate ISA

Know in advance what your tax-free savings will earn

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 in – bring all your cash 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' gross interest for our 1 year Fixed Rate ISA and 180 days' gross interest for our 2 year Fixed Rate ISA
  • Interest will be paid at the rate of 1.50% AER / Gross p.a. (fixed) until the Fixed Rate ISA start date - 21st July 2014.
  • Save up to £5,940 tax free in your Fixed Rate ISA for the 2014/2015 tax year between 6th April - 30th June 2014.  Then from 1st July 2014 the New ISA changes announced in the 2014 Budget commence and between 1st July  – 18th July 2014 you can increase the tax free savings in your Fixed Rate ISA up to the new 2014/2015 tax year maximum allowance of £15,000.  
  • Tax-free interest means interest payable is exempt from UK income tax.
  • Apply from 4th April - 6th May 2014 - this is a limited offer and may be withdrawn at any time.
 
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Our current range of Fixed Rate ISAs

Term

Interest Payable

Interest rates
AER/Gross rate p.a.

Maturity date

1 year Annually 1.35% 21 July '15
2 year Annually 1.50% 21 July '16

 

Gross – this means the interest rate you are paid before the deduction of basic rate 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 NatWest Fixed Rate ISA?

Manage your existing Fixed Rate ISA and much more

From checking historic account rates, to getting started with online 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

With our account monitoring and online fraud protection promise, it's no wonder our customers voted us the UKs most trusted mainstream bank for 2013.

Your eligible deposits with NatWest are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered.

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

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