A Fixed Rate Cash ISA generally offers a higher rate of interest for money that you can afford to put away for a year or more.

The Fixed Rate Cash ISA is available if you wish to take advantage of your ISA allowance for this tax year, or if you wish to transfer an ISA to us. All of the interest you earn is tax-free, and it won’t count towards your Personal Savings Allowance.

Fixed Rate Cash ISAs are limited edition accounts which may be withdrawn at any time without notice, so if you see one you like, don't take too long to apply as there are no guarantees it will still be available the next time you look.

To make sure it's right for you, please read through the Key product details and the Is it for me sections, together with the General Savings Conditions and the Key Features & Summary Box document which includes the specific conditions for the ISA.

Mix & Match ISA

At Charter Savings Bank we offer a Cash ISA platform called the Mix & Match ISA. This allows you to have more than one product within your Cash ISA allowance with us.

Please refer to the ISA Information Booklet for more information about the Cash ISAs we offer, and about how our Mix & Match ISA enables you to spread your savings across more than one type of Cash ISA to give you the best possible combination of rate and access to suit your needs.

Key product details

Things you need to know about our Fixed Rate Cash ISAs are:

  • you’ll earn a fixed rate of interest for a fixed period of time
  • you can deposit anything from £5,000 up to £20,000 in the 2019/2020 tax year provided you have not subscribed to another Cash ISA in the same tax year
  • you can transfer your existing ISAs from any other provider
  • once you have applied for the account we must receive your deposit/transfer within 30 days
  • we calculate interest daily and can pay it to you either monthly or annually
  • you cannot make regular deposits into a Fixed Rate Cash ISA. Once you have applied for the account we must receive your deposit/transfer within 30 days
  • you can make withdrawals or transfer your ISA to another provider. However you will lose interest on each amount you withdraw/transfer. The number of days interest that you will lose will depend on the product you choose and is detailed in the Key Features & Summary Box document
  • our Cash ISAs are not flexible ISAs - you cannot take money out of your Cash ISA and replace it in the same tax year, without it counting towards your annual ISA allowance
  • all payments to and from your Charter Savings Bank account must be from the same UK bank or building society Nominated Account you provide when applying for the Account (except when you are transferring an ISA to or from another ISA provider)

Is it for me?

This might be the right type of Cash ISA for you if you:

  • want to take advantage of your ISA savings allowance or have an ISA you wish to transfer to us
  • want to fix the interest rate your savings earn for a fixed period of time
  • want a Cash ISA you can open and manage online
  • do not require access to your money for the term of the Fixed Rate Cash ISA

Name Interest
AER* Online Postal
Name:5 Year Fixed Rate Cash ISA Interest Paid:Annually Balance From:£5,000 Balance To:£1,500,000 Tax Free1.81% AER*:1.81% Online: Postal:  
Name:5 Year Fixed Rate Cash ISA Interest Paid:Monthly Balance From:£5,000 Balance To:£1,500,000 Tax Free1.80% AER*:1.81% Online: Postal:  

* AER stands for annual equivalent rate and illustrates what the interest rate would be if it was paid and compounded once each year.
Tax Free - the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Tax treatment depends on an individual’s personal circumstances. The government is responsible for the favourable tax treatment of ISAs and that may change.
The notice and easy access accounts have variable interest rates.
We reserve the right to withdraw these products from sale at any time.

Financial Services Compensation Scheme

Financial Services Compensation Scheme

Your eligible deposits with Charter Savings Bank 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 limit are unlikely to be covered. Please click here for further information or visit