1. Home
  2. Our products
  3. Savings
  4. Fixed Rate Cash ISA

Summary box

Account name

Britannia Fixed Rate Cash ISA

What is the interest rate?

Tax-free / AER Maturity Date
Fixed Rate Cash ISA - fixed until - 30/09/2019 1.40% 1 October 2019
Fixed Rate Cash ISA - fixed until - 30/09/2020 1.61% 1 October 2020

Interest is calculated daily and will be paid into your account annually after close of business on 30 September each year.

Can Britannia change the interest rate?

No, the interest rate is fixed. It won't change until the account matures.

What would the estimated balance be at the end of the fixed term based on a £5,000 deposit?

Initial Deposit Balance at end of fixed term
Fixed Rate Cash ISA - fixed until - 30/09/2019 £5,000 £5,070.00
Fixed Rate Cash ISA - fixed until - 30/09/2020 £5,000 £5,162.29

We have worked these out assuming:

  • You made a £5,000 deposit on an account opening date of
    1 October 2018.
  • You haven't made any additional deposits or withdrawals.
  • We added interest to your account at the close of business on 30 September each year.

How do I open and manage my account?

Can I apply for this account?

  • To apply, you must be a UK resident (for tax purposes) aged 16 or over.
  • It can only be opened as a sole account.

How do I apply for this account?

You can apply:

  • Online.
  • Over the phone.
  • In branch.

Is there a minimum and a maximum balance?

If you are using any of your 2018/2019 ISA allowance, the minimum balance is £5,000. But if you're only transferring in previous tax years' ISA allowances – then the minimum balance is just £1.

If you are using any of your 2018/2019 ISA allowance, the maximum amount you can pay in is £20,000. But if you're transferring in ISAs from previous tax years, the maximum balance is £1,000,000.

How do I make deposits into this account?

If you're using any of your 2018/2019 ISA allowance - you can make deposits by cash, cheque or transfer from another account held with us or another provider.

If you're transferring your cash ISA to us – you can do this by providing us with a completed ISA transfer authority form.

You can make as many deposits as you like up to the maximum amounts above. However, we can withdraw this product at any time without notice and once it has been withdrawn, you cannot make any more deposits.

So if you are using any of your 2018/2019 ISA allowance, but you deposit less than your annual ISA limit, and we then withdraw the product, this will restrict the amount you can hold in a cash ISA in this tax year. This is because you can only pay into one cash ISA in each tax year, and you won't be able to pay any more into this cash ISA. However, you will still be able to invest in another type of ISA (e.g. a stocks and shares ISA) with another provider, up to the annual ISA limit, if you wish.

How do I contact you to discuss this account?

By telephone or visiting a branch

Can I withdraw money?

Yes – However, if you withdraw before your maturity date, you'll be charged the value of 180 days' interest on the amount you withdraw (using the account's interest rate). This charge will be taken from interest you've earned but haven't yet been paid. But if you haven't earned enough interest to cover this charge, some of it will come out of your original deposit(s).

Any withdrawn money that you want to replace (while the product is still available) will count towards your ISA subscriptions for the current tax year, and you are only allowed to deposit up to the maximum ISA limit in a tax year.

So, for example, if you have deposited £10,000 and then withdraw £1,000, you will only be able to deposit a further £10,000 in that tax year.

You can make withdrawals:

In branch - you can withdraw cash, cheques or make internal transfers.

By post - You can send us withdrawal requests and we will send your money to you by cheque in the post or we can make internal transfers. You can request withdrawal forms over the phone or in branch or download them online.

At the end of the fixed term, your account matures and your money will be put into a variable rate instant access cash ISA - unless you provide us with other maturity instructions.

We'll send you a letter when your fixed term is coming to an end. It'll remind you of your maturity date and let you know what options are available to you (such as re-investing).

Additional information

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

Interest earned from this account will not count towards any of your available personal savings allowance.

All interest earned from your ISA will be free of both Income and Capital Gains Tax.

You cannot subscribe to a cash ISA with us if you have already contributed to another cash ISA using this tax year’s ISA allowance, or if you have already invested the full ISA allowance in another type of ISA this tax year.

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

Tax-free – The contractual rate of interest payable where interest is exempt from income 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 year – A tax year runs from 6 April to 5 April the following year.

For more information about ISAs in general, please read our ISA Allowances and information guide.

Eligibility

  • 16 or over
  • A UK resident (for tax purposes).
  • Have £5,000 or more for an initial deposit if using this tax years' ISA allowance.

Approval is based on an assessment of your personal circumstances.

Ready to apply?

Before you do

We recommend that you read the important documents below – including our Terms and Conditions - and save copies of them for future reference. All the information you've read so far (e.g. features, eligibility) can be found in them.

Product Specific Terms and Conditions, Keyfacts & Summary Box (which contains interest rates)

Download Product Specific Terms and Conditions, Keyfacts & Summary Box (which contains interest rates) PDF (893KB)

Britannia Savings General Terms & Conditions

Download Britannia Savings General Terms & Conditions PDF (979KB)

Managing your Britannia Savings account (including Charges)

Download Managing your Britannia Savings account (including Charges) PDF (1.42MB)

How we use your personal information

Download How we use your personal information PDF (290KB)

The Financial Services Compensation Scheme Information Sheet and Exclusion List

Download The Financial Services Compensation Scheme Information Sheet and Exclusion List PDF (3.5MB)

Transfer in

If you would like to transfer an existing cash ISA account (held with us or another provider), please print and complete the Cash ISA application pack below. You’ll find the return address provided in the pack.

  • Make sure to name which ISA you are transferring into when filling out the final section of the ‘ISA Transfer Application Form.’ i.e ‘Fixed Rate Cash ISA fixed until 30/09/2019.’
  • Please note, to transfer in you will need to meet the same eligibility criteria, and acknowledge the same recommendations, as new savings customers.

Please select your Fixed Rate Cash ISA:

Apply Now

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

The Co-operative Bank reserves the right to decline or 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).