What Are Fixed Rate ISA’s?


A fixed rate ISA is an Individual Savings Account that gives the holder a set amount of interest that doesn’t change. This means that you can stay in control of your savings and be safe in the knowledge that you are going to be getting the best deal possible when it comes to take free interest rates. Currently in the United Kingdom most banks will have some sort of deal offering a ISA account that anyone can open. Let’s take a brief look at some of the ISAs accounts.

One that you might want to take a look at is the Fixed Rate ISA from Alliance Leicester. They offer several different fixedrate ISA plans for their customers. The first that you may wish to take a look at is the 2 year Fixed ISA. This ISA allows you to earn a fixed interest rate of 3.50% gross PA. The second plan that they offer is the 1 year Fixed ISA. This allows holders to with balances above nine thousand pounds to earn a fixed interest of 2.75% PA.

Another that you might want to consider is the ISA from Lloyd’s TSB. This allows account holders with an overall balance of over thirty thousand pounds to earn a fixed interest rate of 3.30% tax free. This is for their two year ISA. You can also transfer any current ISA’s to this account in order to maximise your interest. Opening a fixed rate ISA with Lloyd’s TSB couldn’t be easier, you can even apply online.

Santander also offer a very attractive deal when it comes to fixed rate ISA’s. Again, it is tax free because it is an ISA, and this means that any interest that you accumulate is yours to keep. They offer a fixed rate of 2.00% AER that also has a variable bonus too. You can save from as little as one pound, so it is a great place for anybody to start their savings account.

The three banks that are mentioned above are just three out of hundreds of banks that offer different fixed rate ISA’s. it is totally up to you which plan is right for you, it will be different for everyone. You should do some research and shop around to find a fixed rate ISA with the fixed ISA rates that you feel meet all of your requirements.

As well as this, you can do some research online. There are many finance websites that will provide you with information on the different fixed rate ISA’s that are available for you. It is very important to do thorough research about all of the different plans that are available to you if you want to get the best deal possible.

For more information please visit

http://fixedrateisa.co.uk

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