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Britannia Fixed Rate Cash ISA - Fixed until 30th September 2018

Our merger with Britannia means you can take advantage of more accounts, including Britannia Fixed Rate Cash ISAs.

If you like your savings to be both simple and smart then our Fixed Rate Cash ISA could be for you. It's simple because you can open it with any amount between £5,000.00 and £15,240.00 if using your 2016/2017 tax year allowance and/or a minimum of £1 if transferring in from previous years’ cash ISAs with Britannia or other providers. It's smart because while you're out enjoying life, your savings can continue growing and the taxman can't touch a penny of your interest.

With our Fixed Rate Cash ISA there are no surprises. The interest rate is fixed at 1.10% tax free/AER until 30/09/2018 so if you leave your tax free savings to grow, you'll get a fixed amount when the account matures.

It is not possible to add to this account once the product has been withdrawn so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year.

Withdrawals or transfers out before the fixed end date will incur 180 days loss of interest on the amount withdrawn.

Using your 2016/17 ISA Allowance

If you are applying to use your 2016/17 cash ISA allowance then please complete your application using the link below.

Apply now

Transfer In

If you would like to transfer an existing cash ISA account (held with us or another provider), please print and complete the forms using the link below.

Apply now

Interest rates

Interest rates

Interest rates for Britannia Fixed Rate Cash ISA - fixed until 30/09/2018
Annual interest
Minimum Balance AER Tax-free
£5,000.00 1.10% 1.10%
The above fixed rates apply to the Fixed Rate Cash ISA launched on 07/09/2016 and are fixed until 30/09/2018.

Apply now

Summary box

Summary box

Key Product Information for our Savings Account
Account name Fixed Rate Cash ISA - fixed until 30/09/2018
Interest rates (AERs) A minimum opening balance of £5,000.00 up to the maximum of £15,240.00 if using the new 2016/2017 allowance and/or £1 if transferring previous years' cash ISAs with Britannia or other providers. Annual interest rate of 1.10%tax-free/AER is fixed until 30/09/2018.
Tax status Interest is tax free
Condition for bonus payment No bonus payments exist for this Account
Withdrawal arrangements Withdrawals or closures before 1 October 2018 will be subject to a charge equivalent to 180 days loss of interest at the fixed rate on the amount withdrawn. The charge will be taken from interest earned but not yet paid; if you withdraw from or close your account before enough interest to cover this charge has been earned, the balance will be taken from the funds in your account. Withdrawals of capital cannot be replaced
Access Branch or by post

 

Apply now

Features and benefits

Features and benefits

  • gives you a fixed rate of 1.10% tax free, until 30/09/2018
  • will mature on 1 October 2018 when your money will be transferred into a variable rate Cash ISA (or equivalent)
  • can be opened with £5,000.00 up to the maximum of £15,240.00 if using the 2016/2017 tax year allowance and/or £1 if transferring previous years' cash ISAs with Britannia or other providers
  • Pays interest into your account after close of business on 30 September each year.
  • is issued with a passbook

This is a limited issue product and may be withdrawn without notice.

Apply now

Risks and restrictions

Risks and restrictions

Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

Are there any risks or restrictions?

  • The Fixed Rate Cash ISA has a fixed end date. If you make a withdrawal or transfer out before the account matures, the withdrawal or transfer out will be subject to a charge equivalent to 180 days loss of interest at the fixed rate on the amount withdrawn.
  • This is a limited issue product and may be withdrawn at any time.
  • No further deposits are allowed into this account after the product has been withdrawn, so if you are depositing less than your annual ISA limit this will restrict the amount you can hold in a cash ISA in this tax year (however, you will still be able to invest in a stocks and shares ISA or innovative finance ISA with another provider, up to the annual ISA limit, if you wish).
  • Over time, inflation will reduce the true value of your savings.
  • Whether general interest rates rise or fall, this cash ISA pays interest at a fixed rate.
  • Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.
  • As this is not a flexible ISA, withdrawals of capital cannot be replaced

Apply now

Important Documentation

Important Documentation

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Definitions

Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
AER - Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Tax Free - The contractual rate of interest payable where interest is exempt from income tax.

Any reference to tax is based on our understanding of current tax regulations which may change in the future and depends on the customer’s individual financial circumstances.

The Co-operative Bank reserves the right to decline to accept any application and/or deposit.

Remember you can subscribe to a Co-operative Bank/ Britannia Cash ISA as long as you have not subscribed to another cash ISA with another provider in the current tax year.

smile, The Co‑operative Bank and Britannia are trading names of The Co‑operative Bank plc, which is a member of the Financial Services Compensation Scheme (FSCS). Find out more