Make the most of your tax-free savings with our 18 Month Fixed Rate Cash ISA

Benefit from interest of 1.58% Tax Free Monthly / 1.6% AER

Things you should know:

  • Fixed interest rate of 1.58% Tax Free Monthly / 1.6% AER
  • £3,000 minimum opening balance
  • All deposits, including transfers must be received within 30 days of opening your account
  • Interest is calculated each day. Interest is paid monthly and at maturity
  • On maturity, your Fixed Rate ISA will mature into a Cash ISA Saver without bonus, which currently pays a variable interest rate of 0.30% tax free/AER

Summary box

Account name

Fixed Rate Cash ISA

What is the interest rate?
Term Interest rate
18 Month 1.58% Tax Free Monthly/ 1.6% AER (fixed)
Interest is paid monthly and at maturity
Can TSB change the interest rate? No, we can't change the interest rate during the fixed term of your Fixed Rate Cash ISA.
What would the estimated balance be after the fixed term based on a £3,000 deposit? Based on a £3,000 deposit, with no deposits or withdrawals made from the account, and variable interest rates remaining the same:
Initial deposit £3,000
Interest earned at 1.58% Tax Free Monthly/ 1.6% AER (fixed) £72.18
Estimated balance after 18 months  £3,072.18
This is an example only and doesn't take into account your individual circumstances.
How do I open and manage my account? Ways to open
  • In branch
  • Online 
Who can open
You must be:
  • 16 or over; and
  • A UK resident
Open with
  • £3,000 minimum opening balance
  • Maximum subject to the annual ISA allowance (£20,000 for 2019/2020), plus transfers in from other existing ISA's.
  • All deposits, including transfers, must be received within 30 days of opening your account.
  • If you want to add further deposits, you can open a new Fixed Rate Cash ISA assuming you have not yet used your full yearly ISA allowance.
Manage your account
  • In branch
  • Over the phone
  • Online
  • Mobile app
Can I withdraw money? Withdrawals allowed Yes
Notice period None
Withdrawal charges         Yes
Equivalent to 135 days’ interest on the amount taken out or transferred
How to withdraw
  • Cash
  • Bankers draft
  • Transfer to TSB current or savings account
(Service charges may apply, see our Banking Charges guide for more information)
You can withdraw and replace money from your Fixed Rate Cash ISA without it counting towards your yearly ISA allowance for that year, as long as the repayment is made in the same tax year as the withdrawal, and paid into a new Fixed Rate Cash ISA or Cash ISA Saver.
Additional information  
  • Accounts can only be opened in a sole name.
  • You can only pay into a cash ISA with one provider in each tax year.
  • Opening a Fixed Rate Cash ISA will limit the amount that can be invested in a stocks and shares or innovative finance ISA. To find out more about this, speak to a Partner in your local branch or call us.
  • The tax advantages depend on your individual circumstances and the tax treatment of your ISA may change in the future.
  • Your account will mature into a Cash ISA Saver (off bonus) at the end of the term. We'll contact you before this happens with your options.
  • If you aren't happy with your Fixed Rate Cash ISA, you can cancel within 14 days without charge. You'll still be able to open another cash ISA account in the same tax year with us or another provider.
  • You can also close your account after 14 days subject to the charge above, but you won't be able to open or subscribe to a cash ISA with a different provider until the next tax year.
Rates and information correct as at 06/04/2019.
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 rate is the contractual rate of interest payable where interest is exempt from income tax.

Important Information

 
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

If you need to call us from abroad, or prefer not to use our 0345 number, you can also call us on 0203 284 1575. Not all telephone banking is 24/7, speak to a partner for more information. Calls may be monitored or recorded. TSB Bank plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland, no. SC95237.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240.

TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service.