Please read the Terms & Conditions before applying
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.
This account has limited availability and can be withdrawn at any time.
To apply for an account, you must have a UK current account in your name to use as your Nominated Account.
This will be the account you use to make payments in and out of this account, so it's important that your Nominated Account uses an identical account number and sort code for money in and money out.
You want a financial services provider you can trust. To help you make an informed decision, here's some of the reasons why Secure Trust Bank may be the right place for you and your money:
Account name
5 Year Fixed Rate Cash ISA (24.Sep.30)
What is the interest rate?
3.95% AER*
Interest is calculated daily and paid on 31 December and on maturity. You can choose to have your interest added to your Fixed Rate Cash ISA or paid away to your Nominated Account.
Can Secure Trust Bank change the interest rate?
No, the interest rate is fixed. This means that the rate of interest payable on your account will remain the same from the time you open your account until the end of the fixed rate period.
What would the estimated balance be after 60 months based on a £1,000 deposit?
Your estimated balance would be £1,213.73 based on a deposit of £1,000 after 60 months.
This is for illustrative purposes only, does not take into account individual circumstances and makes the following assumptions:
How do I open and manage my account?
To open an account you must:
The minimum operating balance is £1,000, and the maximum balance for the account, excluding credit interest, is £1,000,000.
Please be advised the maximum aggregate balance across all accounts held is £1,000,000.
How to open the account and pay in
Transferring an existing Cash ISA
Previous years' ISA savings
You can transfer any amount of ISA savings from previous tax years.
Current year's ISA savings
How to manage the account
Accounts are managed by Internet Banking, app or phone.
Statements are provided via Internet Banking, with the ability to download and print or the option to change to paper if required.
We do not provide Internet Banking for a Power of Attorney or Third Party.
Can I withdraw money?
No, we don't allow partial withdrawals.
This is not a flexible ISA. You may withdraw the whole balance by closing the account. If you decide to close the account before it matures on 24 September 2030, we make an 'early access charge' of 365 days' interest. If there isn't enough earned interest to cover the charge, then we take it from the balance in the account.
Remember, if you withdraw your savings, they'll lose their tax-free status unless you transfer them to another ISA (see below).
To transfer your ISA savings to another ISA provider
What happens when the ISA matures
Additional information
A 14 day cancellation period applies to this account. If you change your mind within the 14 days after we open the account for you, you may close it without charge and it will be as if you never had the ISA.
Note: as of 6 April 2024, HMRC have updated ISA regulations. Whilst these changes allow customers to subscribe to multiple Cash ISAs in the same tax year, this is optional for each ISA provider. As such, you can only pay into one Cash ISA with us in each tax year.
This is a strictly limited issue and can be withdrawn at any time. Once withdrawn, there is a limited window to make any deposits or transfers into the ISA and any funds received after this time will be returned. We will not contact you to let you know when the Fixed Rate Cash ISA is withdrawn.
'Tax-free' means you're not liable to UK Income Tax or Capital Gains Tax on the interest earned. The value of tax benefits we describe depends on individual circumstances. The tax treatment of ISAs could change in the future.
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.