2 Year Fixed Rate Cash ISA Issue 89
4.32%
Fixed/Tax-Free
Gross AER
Gross
4.32% annually
4.24% monthly
Min balance
£1,000
Max balance
£250,000
Enjoy tax-free savings and the security of a guaranteed rate
Good for you if
- you want a fixed rate
- you want the benefits of an ISA
- you can leave your savings untouched
Consider something else if
- you might need to make withdrawals
- you want to save with someone else
Features and benefits
Tax-free savings
Save up to £20,000 every tax year without paying tax on it. If you have cash ISAs or stocks and shares ISAs elsewhere, you can transfer them to this account and keep your tax-free status.
Clear, guaranteed rate
Enjoy peace of mind with a rate that's fixed for the duration of your term.
Important Documents
Apply Now
It’s simple, choose whether you want to receive your interest monthly or yearly, and complete our short application form.
Additional Information
Can Shawbrook change the interest rate?
No. The interest rate is fixed, which means we cannot change it for the duration of your term.
How do I open and manage the account?
You can only open this account online. You can manage the account online or by phone. This account cannot be opened by power of attorney, guardianship or intervention order holders acting for an account holder.
To open an account you must be 18 years of age or over and a permanent UK resident and only liable for UK tax. A Cash ISA can only be held in the name of one person, Joint accounts are not permitted. You can only open and operate one Cash ISA account with Shawbrook Bank in any single tax year.
If you change your mind, you have 14 days from the date the account opens to cancel it. We'll return your money to your linked account without charge.
Can I withdraw my money?
No, you can't withdraw your money without incurring any charges until the end of the fixed term. When your fixed rate ISA matures, you can reinvest with us, withdraw your money or transfer it elsewhere. We'll write to you before your maturity date to remind you of your options.
Are my deposits protected?
Eligible deposits are protected up to a total of £85,000 per person by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. If you have a joint account, you'll be protected for £85,000 each. This means that up to £170,000 could be protected in your joint account.
What would the estimated balance be after 24 months based on a £1,000 deposit?
Opening deposit
£1,000
Balance after 24 months
£1,088
This illustrative example assumes no withdrawals, no changes to the fixed interest rate over the period and interest is paid and compounded annually on a cleared deposit. Interest is rounded to the nearest pound. The illustrative example does not take into account the individual circumstances of a customer.
Apply Now
Make the most of your money with a tax-free 2 year fixed rate. Simply choose whether you want to receive your interest monthly or year and complete our short application form.
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