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Fixed Rate ISA

The Fixed Rate Cash ISA to 28/02/19 account can be opened in branch or by post (also available as an online ) account.

Lock your money away in this limited-offer Fixed Rate Cash ISA to earn a fixed rate of interest until 28 February 2019 .

Key features

  • Save some or all of your annual ISA allowance in this account
  • Pays a fixed rate of interest
  • Interest is paid tax-free
  • Choose to have your interest paid monthly or annually
  • Withdrawals are not permitted apart from in exceptional circumstances
  • Closure permitted with 60 days' loss of interest
  • Register to view and manage your account online


tax-free† p.a./AER* fixed** until 28/02/2019

Summary Box

Account Name Fixed Rate Cash ISA to 28/02/19 
What is the interest rate?

Current rates - Effective 12 January 2018

This product pays a fixed** rate of interest of:


Tax-free† p.a. AER*
1.20% 1.20%


Tax-free† p.a. AER*
1.19% 1.20%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Tax-free means that Interest is not subject to income tax.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

** Fixed rate of interest means that the interest rate payable on your account will remain the same from the time you open your account until the end of the fixed rate period.


Payment of interest

  • Interest is calculated daily on cleared balances
  • Annual interest is paid on 28 February 2019 . It can be paid into the Fixed Rate Cash ISA, another Yorkshire Building Society account or another building society or bank account
  • Monthly interest is paid on the last day of each month. It must be paid into another Yorkshire Building Society account or another building society or bank account.

Can Yorkshire Building Society change the interest rate?

No, the interest rate is fixed until 28 February 2019 .

What would be the estimated balance at the end of the fixed term based on a £1,000 deposit?

At the end of the fixed term your balance would be £1,013.58.

We have worked this out assuming a £1,000 deposit is made on account opening, no further deposits or withdrawals are made throughout the term, the interest earned is added to the account and no changes made to the current interest rate.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

You have to be at least 16 years old. You must be a UK resident for tax purposes, or be a qualifying Crown employee or married to, or in a civil partnership with a qualified Crown employee. The account can only be held in your name. You may only subscribe to one cash ISA in a single tax year.

Account opening and management
Accounts can be opened with a minimum of £100 in the following ways:

  • In a branch or at an agency
  • By calling 0345 1200 200 to request an application pack to be sent to you.

The account can be managed in branch, at an agency, by post or online.

The maximum balance is £20,000 for 2017/18 ISA allowance plus previous years’ ISA transfers. Please check with your existing provider if any charges are applicable on transfer.

Deposits are permitted until the Fixed Rate ISA is withdrawn from sale. Please note that you are only permitted to subscribe to one Cash ISA each tax year. This means that if you do not fully utilise the current year subscription amount in this Cash ISA you will not be able to open another Cash ISA during the same tax year. You are still able to subscribe any unused allowance to a Stocks and Share ISA and or Innovative Finance ISA.

ISA Transfer In requests (either with us or other providers) are permitted up to 14 days after the Fixed Rate ISA has been withdrawn from sale. For the transfer in request to be accepted, funds must be immediately available. No additional transfers will be accepted.

Please check with your existing ISA provider for any charges applicable on transfer.

Transferring your ISA

You can transfer some or all of your money saved in previous tax years into a Cash ISA and/or Stocks & Shares ISA and/or Innovative Finance ISA and/or Lifetime ISA without affecting your annual allowance, subject to the product terms of your account. During the 2017/18 tax year only, those who already have a Help to Buy: ISA and held money in that account before 6 April 2017 will be able to transfer this money into a Lifetime ISA without affecting the Lifetime ISA annual contribution limit of £4,000.

You can also transfer money saved in a Cash ISA for the current tax year into a different ISA with the same or a different provider, although you can only hold one of each type of ISA for each tax year. You must transfer the whole amount saved in the current tax year. During the 2017/18 tax year only, money paid into a Help to Buy: ISA on or after 6 April 2017 can be transferred into a Lifetime ISA and will count against the annual contribution limit of £4,000. Transfer charges may apply, please check with your existing provider. Do not transfer any ISA balance yourself otherwise you’ll lose your tax benefits.

Can I withdraw money?

Withdrawals are not permitted during the term other than circumstances covered under the Savings Pledge 2018 for account holder(s) or their immediate family members - critical or terminal illness, death, redundancy, nursing home or elderly care costs, divorce or court order. All withdrawals will result in loss of tax free status. Closure is permitted during the term subject to an amount equivalent to 60 days’ loss of interest on the closing balance. Any loss of interest will be offset against any accrued interest not yet paid. If there is insufficient accrued interest outstanding the charge will be deducted from the account balance prior to closure. Closure for the circumstances detailed above under the Savings Pledge 2018 will not incur a loss of interest on the closing balance. Any early closure (except for transfers to another ISA) will result in loss of tax free status.


This Fixed Rate ISA will mature into another Fixed Rate ISA that will be of no greater term than this Fixed Rate ISA. At maturity and during the first month after maturity, you will be able to withdraw all or part of your savings and have full access to them without incurring any loss of interest. Thereafter, you will only be permitted to close your ISA but this will be subject to a number of days loss of interest on the closing balance. The number of days’ loss of interest will be no more than the number of days under the terms of this Fixed Rate ISA. Further partial withdrawals will not be permitted. Early closure will result in the loss of your tax free status, other than transfers to another ISA. We will send to you by post full details of the new fixed rate ISA at least 14 days prior to the maturity of this Fixed Rate ISA.

Additional Information

Interest earned from your ISA is tax-free and does not contribute to your Personal Savings Allowance.

If you fail to invest in your Cash ISA in a single year, under HM Revenue and Customs rules you will be required to complete a declaration form before you can invest further.

Your account is passbook based. You should try and have your passbook updated at least once a year.


How to apply

This ISA can be opened in branch or by post. Once your account is open, it can be managed online, in branch, in an agency or by post.

When you apply for an account with us, we’ll need to verify your identity and address .

Please note: You will need your National Insurance number when applying.

Book an appointment

To visit us in branch or request a phone call, enter a town, city or postcode and select a branch of your choice.

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Call us

Speak to one of our friendly advisers and we will send you an application pack in the post.

8am - 8pm: Mon to Fri

9am - 1pm: Sat

0345 1200 100*

By post

We will send you what you need in the post to get you started.

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Book a savings review

To ensure that you have the right account for whatever you're saving for, why not visit us in branch for a savings review? Book an appointment at one of our branches.

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